Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice. As always, please remember that I am an amateur investor, so PLEASE consult with your professional investment advisors prior to making any investment decisions based on information on this website. I cannot be responsible for any of your losses nor will I take credit and ask for any share of your gains!
One of my stocks in my trading portfolio, Quality Systems (QSII) is having a great day (as is the rest of the market!), and is trading at $52.74, up $3.03 or 6.10% on the day. I was approaching a sell-point on this stock, and earlier, I sold 1/4 of my position of 136 shares (34 shares), at $52.65.
I had purchased these shares 7/28/03 with a cost basis of $15.50/share (!), and thus had a gain of $37.15 or 239.7%. I had previously sold portions of my position on 8/19/03, 8/22/03, 1/21/04, 2/1/05, and 3/4/05. Thus, this was my sixth (!) sale of a 1/4 position, and my sale point goal was 240%. (30%, 60%, 90%, 120%, 180%, and 240%...). My next sale point will be a 300% gain (!), and thereafter at 90% intervals (390%...etc....will I ever get there?).
Anyhow, that nickel is burning a hole in my pocket already :) and I shall be on the lookout for a new position!
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