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 advisers prior to making any investment decisions based on information on this website.
I must apologize for nominally breaking my rules. After writing up my review of AZZ yesterday, I realized that I didn't take into consideration the lowered guidance for 2008 when I made my purchase. That just isn't my kind of stock in this blog. And you all know that!
Today, looking at the list of top % gainers, I came across Immucor that I wrote up on Stock Picks way back in April, 2006, a year ago. I shall try to give all of you an updated review of this stock. In any case, a few moments ago I decided to unload my AZZ, and sold my 120 shares at $47.06, and went ahead and purchased 180 shares of BLUD at $33.80.
I made a similar mistake a month or two ago, and reversed a trade that didn't really make sense. It pays to stick to familiar stocks sometime, and as good as I may be (I am just tongue in cheek on this one), I too make what I would call mistakes--these aren't necessarily bad investments, they just don't quite fit into my own strategy. And I reserve the right to admit errors and undo them. I shall work harder to avoid these kinds of trades in the future. They are a distraction from my own thinking.
Anyhow, that's the update. Thus, I now rate
AZZ (AZZ) IS DOWNGRADED TO HOLD and
IMMUCOR (BLUD) IS RATED A BUY
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