Friday, April 08, 2005

Dangerously too easy

The company stock price went up today (as it is not a public company, it is adjusted by an independent firm quarterly based on our performance compared to similar public companies) by 4% since last quarter (15% over the last year), so I thought it would be a good time to execute those options that expire next year. Fortunately I've acquired enough stock over the years (mostly through bonus awards -- I just don't have that kind of expendable cash) that I was able to use in a stock for stock swap (meaning I trade in my higher priced shares for lower priced shares, no actual money changes hands), but it was an $11,000+ transaction that took less than five minutes online. It was kind of fun, but... too easy, and a bit dangerous. It's a good thing I'm not a gambler.

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