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Wednesday, 19 April 2006
"Trading Transparency" Starbucks (SBUX)
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 realized that my Starbucks (SBUX) stock had hit a sale point for me, reaching a 240% appreciation level. Unfortunately, I am down to 59 shares, but 1/6th of that works out to 9 shares and I sold 9 shares at a price of $38.96. I had purchased this position 1/24/03 at a cost basis of $11.40, so this worked out to a gain of $27.56 or 241.8% since my purchase. Having sold previously five times (at 30, 60, 90, 120, and 180% levels), my goal was for a sale at 240% and I reached it with SBUX!

Anyhow, that nickel is burning in my pocket already. I shall be on the lookout for a new position to add to my trading portfolio since I am only at 20 positions, with my maximum of 25!

Regards! Drop me a line at bobsadviceforstocks@lycos.com if you have any comments or questions, and please feel free to visit my Stock Picks Bob's Advice Podcast Site.

Bob


Posted by bobsadviceforstocks at 10:11 AM CDT | Post Comment | Permalink

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