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Stock Picks Bob's Advice
Monday, 5 November 2007
Wolverine World Wide (WWW) "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 advisers prior to making any investment decisions based on information on this website.

As part of this weblog, I like to keep my readers informed of any actual trades in my trading account.  (You can also visit my Covestor Page where my trades are regularly updated.)   A little earlier this morning I sold my 200 shares of Wolverine World Wide (WWW) at a price of $23.43.  My shares of WWW were purchased last year on 4/19/06 at a cost basis of $23.55.  Thus, I had a loss of $(.12)/share or (.5)% since purchase. 

Why did I sell?

This sale was triggered by the stock passing a 'break-even' level.  Previously, on 1/31/07, I sold 40 shares of my original 240 share position when the stock was at $30.57 which represented a 1/6th sale (I am now at 1/7th sales), at a gain of $7.02 or 29.8%.  This is part of my strategy of selling at a 30% gain a portion of my holding.

As part of my strategy, after a single partial sale at the first sale point of 30%, I move my acceptable loss from (8)% to break-even.  And this is exactly what happened to Wolverine World Wide (WWW).  

Since I am selling my own shares of Wolverine World Wide, even though it is on what I would call a 'technical' basis, I shall be reducing my rating on the stock.

WOLVERINE WORLD WIDE (WWW) IS RATED A HOLD

I say 'hold' instead of 'sell' not because I am speaking in some sort of code, but rather because the Morningstar.com '5-Yr Restated' financials on WWW are still intact, and the latest quarterly report was strong and beat expectations, and the company raised guidance.

With this sale on 'bad news', I am now down to 14 positions and 'sitting on my hands' with the proceeds'  That is, my idiosyncratic system requires me to avoid reinvesting funds received from sales on losses.  My system is telling me that the market is weak (do I need a system to tell me THAT?), and I am waiting for a sale on a gain as a signal to do some buying!

Thanks again for dropping by and visiting!  If you have any comments or questions, please feel free to leave them on the blog or email me at bobsadviceforstocks@lycos.com.  If you get a chance, stop by and visit my Podcast Website where I have several 'shows' available discussing stocks from my blog and portfolio, my SocialPicks Page where all of my picks from the last year are assessed and my performance analyzed, and my Covestor Page where Covestor is reviewing the performance of my actual trading portfolio!

Have a great day regardless of the direction of the Dow!

Bob 


Posted by bobsadviceforstocks at 12:18 PM CST | Post Comment | Permalink

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