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.
This is a quick morning update :). The stocks are correcting a bit today, and my ANF stock was sitting on the edge of a sale near an 8% loss prior to the opening. With the downward pressure on prices, ANF passed my 8% loss threshold and I sold my shares.
In summary, a few moments ago I sold my 160 shares of ANF at $61.62. These shares were just acquired on 6/7/05 at a cost basis of $68.14. Thus, I had a loss of ($6.52) or (9.6%) on my investment. This drops me down to 24 positions, and I am about to sell a portion of my QSII at a gain....but this should have been sold earlier, so it still will not trigger a purchase back to 25. But I shall be waiting for a true sale at a gain, and thus be once more in the market to move to 25. In the meantime, this sale will help to reduce margin in this sloppy market!
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