Retirement Income

Stocks and Options

October 7th, 2008 at 3:47 pm

Georgia Gulf Corporation (GGC) - Sold 200

Today I sold 200 GGC shares for a net deposit of $502.00 in my taxable account.  My basis for these GGC shares is 17.40.

These shares were assigned to me last week.  GGC suspended paying its dividends last month (September) so that is a disincentive to continue holding it.  Even with that I would have continued to hold it and sell Covered Calls if I had not wanted to raise additional cash in my taxable account as noted in my earlier post on ENT.

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