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Thursday, 12 July 2007
MEDTOX Scientfic (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 wanted to keep you updated on a trade that I just executed in my Trading Account.  A few moments ago I sold my 350 shares of MEDTOX at $25.80.   As I write, MTOX is trading at $25.70, down $(2.72) or (9.57)% on the day. I do not know of any reason for the dip in this otherwise outstanding market.  However, I purchased these shares on 6/26/07 at a cost basis of $28.58, giving me a loss of $(2.88) or (10.1)% since purchase.

After an initial purchase I sell my holdings, regardless of news, etc., if they hit an 8% loss.  MEDTOX did it.  And out it went. 

I am now down to 18 positions.  I may have an opportunity to purchase a new position if I can have one of my holdings hit a sale point (PCP and KYPH are near!)  Anyhow, that's the news.  I hope you all are having a great day otherwise.  Even with this sharp dip, my shares are up overall and the rest of the portfolio is performing just fine.

Bob


Posted by bobsadviceforstocks at 2:47 PM CDT | Post Comment | Permalink

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