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Stock Picks Bob's Advice

Monday, 21 May 2007

Gildan Activewear (GIL) "Trading Transparency"

Hello Friends! Thanks so much for stopping by and visiting my blog Stock Picks Bob's Advice today. If you had read my previous note you would see that I had that "nickel" in my pocket once again with my partial sale of Cytyc (CYTC) on news it was being acquired by Hologic (HOLX), which happens to be another holding of mine.

Looking through the list of top % gainers today, being at under my 20 position maximum I thus had 'permission' to add a new holding to my Trading Account, I saw that an old favorite of mine, Gildan Activewear (GIL) was acting well, trading at $72.12, up $2.01 or 2.87% on the day as I write. I first wrote up Gildan on December 2, 2004, when the stock was trading at $32.65. Unfortunately, I didn't buy any shares at that time.

A few moments ago I purchased 105 shares of Gildan (GIL) at $72.16. I will try to update Gildan on the blog when I get a chance. They recently announced a stock split, and a great earnings report that exceeded expectations by a penny. Anyhow, it is a stock that has a great track record, and who knew that an apparel company like Gildan could be such a strong growth stock?

Thanks again for stopping by and visiting! 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 9:48 AM CDT | Post Comment | Permalink

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