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Stock Picks Bob's Advice

Tuesday, 26 June 2007

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.

I am often asked whether I "revisit" stocks that I have sold. This trade today is an answer in the affirmative. Sometimes I am "shaken" out of stocks. Out I go. But if the numbers are good, and the opportunity re-presents itself, I am willing to have another 'go' at it.

With my sale of Ventana earlier today, I was down to 19 positions and since Ventana was selling on "good news" I was entitled to replace the stock. Looking at the list of top % gainers on the NASDAQ, I came across Medtox (MTOX) which I owned as recently as a little over a month ago, I saw that Medtox Scientific was trading at $28.67, up $1.57 or 5.79% on the day. With the Morningstar.com "5-Yr restated" financials intact, with the latest quarter solid, I decided to venture once more into the MTOX world and purchased 350 shares at $28.5534. Wish me luck! I am now back to 20 positions and monitoring my holdings in this choppiest of trading environment.

Thanks again for visiting! Please feel free to comment on the blog or email me at bobsadviceforstocks@lycos.com if you have any other comments or questions.

Bob

Posted by bobsadviceforstocks at 2:13 PM CDT | Post Comment | Permalink

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