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 to make sure that all of your investment decisions are appropriate, timely, and likely to be profitable for you!
I have been away from my computer for a few days...and thus, have a few things I need to catch up on. First of all, checking my trading portfolio today, I noticed that my Meridian Bioscience (VIVO) had hit a first sale point (it is currently trading at $22.95, up $.885 or 4.00% on the day). Earlier today, I sold 100 shares of my 400 share position (a 1/4 of my shares) at $22.77. These shares were acquired on 4/21/05 (a little over three months ago!), at a cost basis of $16.67/share. Thus, I had a gain of $6.10/share or 36.6% on my original purchase price.
As you may recall, I like to sell my gaining shares slowly at targeted gains of 30%, 60%, 90%, 120%, 180%...etc. I try to sell about a 1/4 position each time of the remaining shares to allow my original investment amount to remain fairly intact. Sort of selling my "winnings" I guess you could say!
Anyhow, since I am at my goal of 25 positions, I shall be applying this sale to my margin which still remains hefty. If I had been under 25 positions, I would otherwise be using this sale as a signal to add a new position to my portfolio!
Thanks so much for stopping by. I know I have a couple of emails that I shall be answering here in a bit...but I am back at it here on the blog. If you have any comments or questions, please feel free to email me at email@example.com.