Geoff Gannon December 14, 2010

Sold My Barnes & Noble (BKS) Stock Today

I sold my Barnes & Noble (BKS) stock today. The average sale price was $14.82. I bought Barnes & Noble back in August at an average cost of $15.36 a share. In the meantime, I received $0.50 a share in dividends. The round trip was a loss of 4 cents a share – or 0.26% – while the S&P 500 was up more than 10%.

The reason I sold out of Barnes & Noble is to buy a stock I like better. Since I’m not done buying that stock – and it’s a lot less liquid than BKS – I won’t be telling you about the new stock today.

I’ll let you know the name when I’m done buying the stock.

But, for now, just know that I have sold out of Barnes & Noble.