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Monday, 16 April 2007
Jones Soda (JSDA) and Medtox Scientific (MTOX) "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 my Jones Soda (JSDA) hit an appreciation target at a 60% gain.  I sold 35 shares of JSDA at $30.25.  I now have 215 shares remaining of this stock that I purchased with a cost basis of $18.22 on March 12, 2007.  This sale represented a gain of $12.03 over my purchase or 66.0% appreciation.  On the upside, my next sale will be at a 90% appreciation level or 1.9 x $18.22 = $34.62 or on the downside, at half of the highest appreciation point, or at a 30% gain, I plan on selling all remaining shares.  This sale point would be at 1.30 x $18.22 = $23.69.

Having sold at a gain, this represented "good news" and the nickel didn't last long in my pocket.  I noticed that Medtox (MTOX) was on the top % list again,  currently trading at $20.88, up $1.28 or 6.57% on the day.  I went ahead and purchased 210 shares at $20.69.  Wish me luck!

Thanks again for visiting.  I shall try to keep you posted as things move along.  If you have any comments or questions, please feel free to leave them on the blog or email me at bobsadviceforstocks@lycos.com.

Bob 


Posted by bobsadviceforstocks at 11:24 AM CDT | Post Comment | View Comments (8) | Permalink

Monday, 16 April 2007 - 12:25 PM CDT

Name: "Eric"

That's great!

I am trying BLUD - down 2.5% so far today... I am wanting to sell, but I know I should be patient. So I will wait it out.

I may join you in MTOX starting tomorrow.

Thanks for the news.

Eric

Monday, 16 April 2007 - 12:28 PM CDT

Name: "anonymous"

"Eric" wrote:

That's great!

I am trying BLUD - down 2.5% so far today... I am wanting to sell, but I know I should be patient. So I will wait it out.

I may join you in MTOX starting tomorrow.

Thanks for the news.

Eric


When I say 'down 2.5%,' I mean it has dropped 2.5% since I bought it, but it is up 2.25% for the day overall.

Monday, 16 April 2007 - 2:03 PM CDT

Name: "Robert Freedland"
Home Page: http://http;//bobsadviceforstocks.tripod.com/bobsadvice

"anonymous" wrote:
"Eric" wrote:

That's great!

I am trying BLUD - down 2.5% so far today... I am wanting to sell, but I know I should be patient. So I will wait it out.

I may join you in MTOX starting tomorrow.

Thanks for the news.

Eric


When I say 'down 2.5%,' I mean it has dropped 2.5% since I bought it, but it is up 2.25% for the day overall.

Good-luck!  My strategy involves buying stocks only on the top % gainers list that day, so you are trying to hitch a ride on my coat-tails I guess.  Work on identifying new names on your own.  Scan the top % gainers list.  Limit your losses to some set of rules.  And have an idea when to sell.

Remember I am an amateur investor.  So take EVERYTHING I write with a grain of salt.  Do lots of your own investigation on these stocks and I wish you the best.

Keep me posted.

Bob

Monday, 16 April 2007 - 2:34 PM CDT

Name: "anonymous"

"Robert Freedland" wrote:
"anonymous" wrote:
"Eric" wrote:

That's great!

I am trying BLUD - down 2.5% so far today... I am wanting to sell, but I know I should be patient. So I will wait it out.

I may join you in MTOX starting tomorrow.

Thanks for the news.

Eric


When I say 'down 2.5%,' I mean it has dropped 2.5% since I bought it, but it is up 2.25% for the day overall.

Good-luck! My strategy involves buying stocks only on the top % gainers list that day, so you are trying to hitch a ride on my coat-tails I guess. Work on identifying new names on your own. Scan the top % gainers list. Limit your losses to some set of rules. And have an idea when to sell.

Remember I am an amateur investor. So take EVERYTHING I write with a grain of salt. Do lots of your own investigation on these stocks and I wish you the best.

Keep me posted.

Bob

Does it make sense to think that generally speaking if you rate a stock a 'buy' then it should be rated as such for the next couple of days or so?

Monday, 16 April 2007 - 3:09 PM CDT

Name: "Robert Freedland"
Home Page: http://bobsadviceforstocks.tripod.com/bobsadviceforstoc

It would make sense that if I or anyone else rated a stock a buy it should still be a "buy" a few days later at least.  But in general, I purchase stocks the day that they are on the top % gainers list.  

My goal with the blog is to teach people how to fish.  Not to give them a filet to eat :).  You know that expression don't you.  

You are welcome to use what I write in any fashion you choose.  If it is profitable for you, you are more than welcome to it.  But the general idea, what I am trying to get you to do, is to start thinking about what makes a stock a great investment.  And once it is in your portfolio, what to do with it.  

I guess in the beginning it makes sense to follow along with the same stocks.  I am sure others do it as well.  I worry about all of you because you may lose money doing what I do.  As I lose money as well.  On the other hand, if you make money, all the more power to you.

Keep me posted and use your head.  Think a lot about your plan.  Stick to your rules.  You never know when the market may turn against you.  Anticipate your actions before they occur.  What will you do if the market moves strongly higher?  What about lower?

Bob 

Monday, 16 April 2007 - 3:23 PM CDT

Name: "Eric"

"Robert Freedland" wrote:

It would make sense that if I or anyone else rated a stock a buy it should still be a "buy" a few days later at least. But in general, I purchase stocks the day that they are on the top % gainers list.

My goal with the blog is to teach people how to fish. Not to give them a filet to eat :). You know that expression don't you.

You are welcome to use what I write in any fashion you choose. If it is profitable for you, you are more than welcome to it. But the general idea, what I am trying to get you to do, is to start thinking about what makes a stock a great investment. And once it is in your portfolio, what to do with it.

I guess in the beginning it makes sense to follow along with the same stocks. I am sure others do it as well. I worry about all of you because you may lose money doing what I do. As I lose money as well. On the other hand, if you make money, all the more power to you.

Keep me posted and use your head. Think a lot about your plan. Stick to your rules. You never know when the market may turn against you. Anticipate your actions before they occur. What will you do if the market moves strongly higher? What about lower?

Bob

Thanks! I plan on using training-wheels for now but as time goes on I am sure I will be cruising on my own.

Eric

Monday, 16 April 2007 - 7:31 PM CDT

Name: "Eric"

You've mentioned that you only buy when the stock is on the top gainer list for the day. If the stock looks good in all other areas but it isn't on the top gainer list, does it make sense to buy it?  What about waiting until a good looking stock dips?

Eric 

Monday, 16 April 2007 - 9:24 PM CDT

Name: "Robert Freedland"
Home Page: http://bobsadviceforstocks.tripod.com/bobsadviceforstoc

Eric,

There are many people who would agree with you that buying on a dip makes more sense than buying on a list of top % gainers.  Intuitively, it would see that you would purchase a better 'value', thereby avoiding paying top-dollar.

In fact, what I do is probably inherently risky.  

But I compare myself to the surfer who is trying to ride waves.  When I am ready to hop off one and onto another, I am waiting to see one that can carry me a long ways.  I want to see a wave heading in the direction I wish to go.  Not one that is pulling back towards deeper water.

I don't know if I have made my point.

What I do isn't necessarily right.  It is just a way to force me to keep looking at stocks moving higher.  

But your thoughts aren't necessarily wrong.  In fact, as you develop your own investment philosophy you shall need to do as I have done: draw from other investors who have had ideas and develop your own approach :).  There will be things that I do that make sense to you and you probably should adopt those.  Other ideas that don't appeal to you.  You don't need to do those at all.

I shall continue to do what I do.  You should be able to watch me from afar and see if it works.  Wish me luck.

Bob

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