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 is talking to me loud and clear through my portfolio!
A few moments ago I sold my 280 shares of Flotek at $29.65 (average of two lots at $29.62 and $29.74). These shares had JUST been purchased (!) at $32.44 on August 13, 2007. You do the math. Today is August 15, 2007. YIKES.
This represented a loss of $(2.79) or (8.6)% since purchase.
Rules are rules. I hit my loss and the shares were sold. I am now down to 16 positions and holding....for now. With the sale at a loss, I shall be sitting on my hands. Unfortunately, my Meridian (VIVO) was a sale at a gain in the middle of this correction and I foolishly bought some stock. I could ask what was I thinking, but I was just following my own system which is more or less doing what it is supposed to be doing.
Anyhow, that's the glum news for now! Thanks again for visiting and feel free to leave any comments or questions on the blog or email me at firstname.lastname@example.org. Sometimes I feel as much like an amateur as I write about being one.