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Friday, 5 May 2006
ResMed (RMD) "Trading Transparency"
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 noticed that ResMed (RMD) was having a very nice day trading as I write at $47.58, up $4.18 or 9.63% on the day. In fact, the stock hit a 60% appreciation point for me and I sold 1/6th of my position of 180 shares or 30 shares at $47.84. These shares were originally purchased 2/4/05 with a cost basis per share of $29.87. Thus, I had a gain of $17.97/share or 60.2% since my purchase.

As is my strategy, since I am at 22 positions, under my 25 position maximum, I shall now have "permission" to add a new position to my trading account. When I get a chance I shall start scouring the top % gainers list. If anything looks good, I shall keep you posted.

Thanks so much for stopping by and visiting! If you have any questions or comments, please feel free to leave them on the blog or email me at bobsadviceforstocks@lycos.com. Also, please remember to stop by and visit my Stock Picks Bob's Advice Podcast Site where you can hear me discuss different stocks including a discussion or ResMed a few months ago.

Bob


Posted by bobsadviceforstocks at 9:19 AM CDT | Post Comment | Permalink

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