I took some time this morning to apply for clearance to sell my company stock purchase plan shares. A recent question from a reader reminded me that I needed to do this before my opportunity would disappear for another few months.
The sell was executed this morning, and I was able to get a good price (relative to recent trading in the past few weeks) thanks to some good news announced by the company early this morning before the markets opened.
This is usually the largest amount of “market timing” I will do. It’s with 10% of my unimpressive day job salary each quarter, and I’m most inclined to sell the shares as soon as possible. I’ve been busy over the past several weeks, but I decided to set aside a few minutes to take care of it this morning. Thanks to the discount we receive when purchasing the shares, I should make several hundred dollars on the trade.