Stock update - 10-26-10

As part of my ongoing series of position trades I sold out of JNJ Johnson and Johnson for about 10-11% gain. In from 8-16 at 57.93 and out 10-25 at 64.08 and picked up a dividend along the way. The overall market moves have helped me considerably on the position trades that I've done up to now (KMB, PEP, WMT, CMCSA, and JNJ). I also group ongoing positions in MSFT and INTC into that same basket, although they fit into the Greenblatt Magic Formula approach I'm working on also.

Additionally I sold a smaller position in BID Sothebys after holding for a few years. Sothebys is one crazy acting stock. It's been bouncing all over the place.