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 advisers prior to making any investment decisions based on information on this website.

The market sure did turn around quickly today.  I sold two of my positions early this morning only to find the market heading higher into the afternoon.  In fact, my Morningstar stock had a big move, closing at $62.37, up $3.60 or 6.13% on the day. I sold 20 shares of my 140 share position at $62.61 at 3:27 pm this afternoon, just 1/2 hour prior to the close of trading.  These shares were purchased 11/22/05 at a cost basis of $32.57/share.  Thus, I had a gain of $29.80 or 91.5% since purchase.  This was my third sale of Morningstar, having sold previously at both the 30% and 60% appreciation targets.

Since I was down to 18 positions after selling both my NOV and my BEZ holdings, and since this was a sale at an appreciation target, I now had permission to actually ADD a new holding to the mix.  Having written up CUB earlier today, I purchased 280 shares of Cubic Corporation (CUB) at the price of $32.2856 at 3:29 pm, again just 1/2 hour prior to the close of trading.  

I emphasize these times because I want to make it clear that the late sale and purchase was after I had written up the stock report on Cubic this morning.  I hadn't planned on buying any of CUB until I was surprised to see the big move in MORN late in the day!

Anyhow, it was a volatile day in the market for all of us and my portfolio got whip-sawed a bit as well.  But I am back to 19 positions, overall my portfolio didn't do too badly, but there are two less old positions and one new one in the mix.  Wish me luck.

Thanks again for 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