SHARPE INCOME … ‘Stalking’

Posted on Jun 15 2015 - 11:16am by Sharpe Trade

The original Sharpe Income post can be found here.

The Sharpe Income category be found by clicking on that red ‘Sharpe Income’ tag next to this post title, or by clicking here.

We continue the discussion from the last entry.


Finally, we have some ‘breathing room’.

We now have $343.19 in free cash for the project.  That $343.19 is ‘segmented’ into a few different categories. One of those categories, as you can see on the attached PDF, is to make new purchases.  We have have been saying that we want near about’s $300.00 for a new purchase.  This will keep the initial position sizes about equal, among the different stocks.  Well, with this weeks depsoit, we now have $284.20, and that’s close enough.  If I wanted to make a purchase at this point for the project, I could.

But I’m not going to.

Why?

Because the markets have cooperated with us. 

What do I mean?

I have said for some time that I have my eye on a particular stock that I am thinking of purchasing for this project.  And while we have been piling up cash, that stock’s price has been falling.  So the market, in a way … has cooperated with us.

And that stock is … (insert drumroll) … Union Pacific (UNP).

By way of disclosure, no, Sharpe Trade, LLC does not own any Union Pacific (UNP) stock at the time of this writing.  However, myself personally?  I own this stock for myself personally, for income, from before the stock split.  I am up 30.49% on the position itself, at the time of this writing.  And I’m beginning to ‘stalk’ this particular stock again for a purchase in my income accounts.  Which means, I’m beginning to also ‘stalk’ Union Pacific (UNP) for the Sharpe Income project.

Union Pacific (UNP) – Daily Chart (tradingview.com)

06_15_15_SharpeTrade_Dividend_Union Pacific UNP

I don’t think it’s ready for a purchase right now.  It’s pulled back almost 16%, but Union Pacific (UNP) considering the longer time frames, just has not ‘slowed down’ enough at the present time for me to feel comfortable purchasing the stock.

So I will wait.

At this stage of the game … I’m just ‘stalking’ it.


‘Sharpe Income’ Actions This Week

I’m going to keep my eye on Union Pacific (UNP).   In the future, we can just let the cash pile up, and have more than enough ‘dry powder’ left to deploy when opportunities present themselves. .  

The link to the Google Drive Spreadsheet that you can view, that we will edit, build upon and refer to over time can be found at this link.

We continue the Sharpe Income project with this next entry.

The Sharpe Income PDF breakdown for Week 29 can be found here ….

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