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Thursday, 27 April 2006
"Trading Transparency" BOOM---Breaking ALL of my Rules!!!
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 minutes ago I lost my cool. I am just about as human as the next guy (?) I guess. In the midst of a massive decline in Dynamic Materials (BOOM) I went ahead and purchased 300 shares. Let's just call this an experiment (?). The company reported fabulous earnings. An announcement was made by France's Group SNPE that they will be selling 5.15 million shares and the stock price literally fell through the floor. I don't see anything fundamentally wrong with the stock. Maybe I am missing something. It appears that all of the momentum players threw in the towel. Anyhow, on a lark, I put on my contrarian hat, dropped all of my trading rules (YIKES!) and purchased 300 shares at 36.856. I plan on sticking with all of the remaining rules....but every once in awhile....I mean what IS an investor supposed to do? If you have any words of encouragement, condemnation, questions or humor, drop me a line at bobsadviceforstocks@lycos.com or leave them on the blog. Happy Trading everyone! Bob


Posted by bobsadviceforstocks at 2:57 PM CDT | Post Comment | Permalink
Updated: Thursday, 27 April 2006 6:55 PM CDT

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