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.