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.
Earlier this morning I noticed that my stock in Bolt (BTJ) had hit a sale point. In fact it hit the 60% appreciation point and with my targeted appreciation point of 30, 60, 90, 120%, etc., this triggered a sale (which I did manually). I sold 1/6th of my remaining 250 shares or 41 shares at $28.70. These shares were acquired 1/12/07 at a cost basis of $17.44 so this represented an appreciation of $11.26 or 64.6% appreciation.
When will I sell next? On the upside, if the stock hits a 90% appreciation point, or 1.90 x $17.44 = $33.14, then I would be selling 1/6th of my remaining 209 shares of Bolt.
Since I am under my 25 position maximum (currently holding 16 positions) this resulted in a 'permission slip' to add a new position. I saw a new name that seemed to fit the bill and purchased 300 shares of Jones Soda (JSDA) at $18.18. I didn't let that nickel burn a hole in my pocket very long. I always 'kick myself' for not buying any Hansen's (HANS) so maybe I wanted to have another shot at a soft drink manufacturer. Wish me luck.
I have noticed Jones on the top % gainers before today but haven't written it up before. I shall try to get to a review of Jones later today if possible.
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