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.

A few moments ago I noticed that my Universal Electronics Stock (UEIC) had passed my first appreciation target of a 30% gain.  At each of these appreciation targets, my current strategy is to sell 1/7th of my holding.  Owning 180 shares, I sold 25 shares of UEIC at $33.39.  These shares were purchased 2/23/07 at a cost basis of $25.24, so this represented a gain of $8.15 or 32.3% since purchase. 

My next sale on the upside would be at an appreciation target of 60% at which time I plan on selling 1/7th of my remaining shares, or 22 shares at 1.6 x $25.24 = $40.38.  On the downside, after a single sale, my targeted sale point would be at break-even or at a price of $25.24.

Anyhow, the other thing about my strategy is that now at 19 positions, under my new maximum of 20 positions, this sale is a 'signal' or a 'permission slip' to look for a new holding!  That nickel is already burning a hole in my pocket!

Thanks so much for dropping by!  If you have any comments or questions, please feel free to leave them on the blog or email me at bobsadviceforstocks@lycos.com.  I shall be on the lookout for that new position and I shall keep you posted!

Bob