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 remember to consult with your professional investment advisors prior to making any investment decisions based on information on this website.
A few moments ago, I sold 30 shares of ResMed (RMD) in my actual trading portfolio at $78.01/share. This was a 1/4 position of my previously held 120 shares. I like to sell a 1/4 position at previously set targets, which for me are at 30, 60, 90 and 120% gains, and then 180, 240...etc.
I had purchased these shares 2/4/05 with a cost basis of $59.74/share, so this was a $18.27/share gain or a 30.6% appreciation from my purchase price.
Since I am at my goal of 25 positions, I shall be using the proceeds to continue to try to pay down my significant margin level. If I were under 25 positions, this would be a signal to add a new position to the portfolio.
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