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 check with your professional investment advisers prior to making any investment decisions based on information on this website.
I apologize for not reviewing very many stocks the past week. I have been busy with things at work and at home and wanted to step back a bit for a short time from active posting. However, I shall continue to keep you posted on activity in my Trading Account and shall try to get some new ideas up on this website soon.
Earlier today I noticed that my Immucor (BLUD) stock had passed my 8% loss tolerance and I sold out my position of 180 shares at $31.04. I had purchased these shares just last month on April 5, 2007, at a price of $33.86. Thus, this represented a loss of $(2.82)/share or (8.3)% since purchase. My trading rules require me to sell any position, regardless of my own affection for the stock :), or belief in its long-term viability and prospects, if it hits that 8% loss level, and out it went.
Since this is a sale on "bad news", this doesn't give me permission to replace the stock. Thus, I am back down to 19 positions. However, my Meridian Bioscience (VIVO) isn't too far from a sale at a gain (?), time will tell on that one, and if so, I shall be able to buy a new position. But this will again require that one of my remaining 19 positions hits an appreciation target.
Anyhow, I am glad to be blogging this morning, at least for this post. Hang in there, I shall be back actively blogging shortly!
Thank you so much for visiting and participating in this website. If you have any comments or questions, please feel free to leave them on the blog or email me at email@example.com.