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.
One of the things I try very hard to do is to 'practice what I preach' :). As much as I 'like' my holdings, I am pretty cold-hearted and will part with them as they hit sale points on the downside. Case in point is CNS, (CNXS), which a few moments ago, hit my 8% loss limit on the downside and was sold. You can see that in the face of a market correction, the first stocks to go are the most recent purchases that are most vulnerable for a sale.
I just purchased these 240 shares on 5/5/06, at a cost basis of $24.44/share. A few moments ago I sold my 240 shares at $22.37, for a loss of $(2.07) or (8.5)% since purchase.
Again, as part of my strategy, I shall refrain from reinvesting the proceeds until such time as I have a sale of a portion of a stock at a gain, on what I call good news. You can see that my portfolio, which if I didn't have any margin, would currently be moving into cash as the market declined. It will be interesting to see how this works out as things proceed.
In any case, thanks so much for stopping by! If you have any comments or questions, please feel free to leave them on the blog or email me at firstname.lastname@example.org. Also, remember to stop by and visit my Stock Picks Bob's Advice Podcast Site.