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, checking my actual trading portfolio, I noted that Meridian Bioscience (VIVO) had hit another sale point. As you might know, I sell my gaining shares piecemeal so to speak, selling 1/4 of my remaining holdings at targets of 30, 60, 90, 120, then by 60 at 180, 240, 300, 360, and then by 90, 450, 540%....etc. ANYHOW, to make a long story short, I sold 84 shares of VIO at $21.07/share. I had 337 shares (after the recent split) and now hold 253 shares in my trading account.
These shares were acquired 4/21/05 at a split-adjusted cost basis of $11.13, giving me a realized gain on these shares of $9.94 or 89.3% (my target was 90%). This was third sale of VIVO since my purchase, having sold 100 shares 7/25/05, 75 shares on 9/1/05, and now another 84 shares.
If I were under my goal of 25 positions, I would use this sale on "good news" as a signal to add another position. However, since I am at my max, and have plenty of margin as well, I shall be using the proceeds to continue to pay off the margin balance in this account.
Thanks so much for stopping by! If you have any questions or comments, please feel free to leave them on the blog or email me at bobsadviceforstocks@lycos.com
Bob