Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice. As always, please reemmber that I am an amateur investor, so please consult with your professional investment advisors prior to making any investment decisions based on information on this website.
A few moments ago another of my stocks in my actual trading portfolio hit a sale point on the downside. SRA International (SRX), which I had purchased 320 share of on 2/1/05, at a cost basis of $29.82, was sold at $27.26, for a loss of $(2.56) or (8.6)%. This was my only sale of this stock and as per my trading strategy, I unload the entire position if it hits or passes an 8% loss. Also per my strategy, I shall be "sitting on my hands" with the proceeds, waiting for a sale of a partial position at a gain (what I call a sale on "good news"). Thus, my portfolio, which had been up to 24 positions of my maximum 25, is now down to 14 positions (still ahead of my minimum of 6). Fortunately, it appears that this round of selling is done, and the rest of my stocks are moving slightly higher this afternoon for the most part!
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