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Wednesday, 7 November 2007
Harris (HRS) and U.S. Global Investors (GROW) "Trading Transparency"

Hello Frineds!  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.

Earlier today I made two trades in my Trading Account that I wanted to keep you updated on.  Both of these trades are examples of my investment strategy that defines my portfolio management approach.

First trade was Harris Corporation (HRS), which hit a sale point on appreciation yesterday to a 30% appreciation level.  As you may recall, I have targeted appreciation levels which are set at 30, 60, 90, 120, then 180, 240, 300, 360, and 450%, etc.   When a stock hits these levels, I sell 1/7th of my holding and use this sale on 'good news' as a signal to add a new position (assuming I am not already at my maximum 20 position portfolio size).

I sold 17 shares of HRS, representing 1/7th of 120 shares of the stock, earlier today at $65.81.  My shares in Harris Corporation were originally purchased 1/31/07, at a cost basis of $50.05.  Thus, at $65.81, this represented a gain of $15.76 or 31.5% since my original purchase.  Since I am under 20 positions, this entitled me or gave me a "permission slip" to add a new position.

When would I sell Harris (HRS) next?  Well, being optimistic, if the stock should rise to a 60% appreciation level or 1.60 x $50.05 = $80.08, then I would be selling 1/7th of my 103 shares or 16 shares at that level.  On the downside, after a single sale at a 30% appreciation level (much like what happened with my WWW shares), if the stock should decline to break-even, then ALL remaining shares are sold.

HARRIS (HRS) IS RATED A BUY

The other sale today was my sale of my shares of U.S. Global Investors (GROW).  In this particular case, I sold ALL of my shares which worked out to a sale of 245 shares at $19.7101.  These shares had been purchased recently, in fact they were purchased 10/10/07 at a cost basis of $21.27.  Thus, I had a loss of $(1.56) or (7.3)% since purchase.  I initiated the sale when the stock was at a loss of (8)%.

U.S. GLOBAL INVESTORS (GROW) IS RATED A HOLD

I have reduced my rating on GROW to "hold" because nothing fundamental has changed.  However, my own sale was due to a technical price change and nothing fundamental that I have determined.

The question arises is what I should do with the proceeds of these two sales.  My sale of HRS entitles me to buy a new position, and my sale of GROW requires me to 'sit on my hands' with the proceeds.  I shall be doing both.  That is, I shall look for a new position based on my HRS sale.  However, I shall not be replacing my GROW position with a new position.  I hope that makes sense :).

Thanks so much for stopping by and visiting my blog!  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, be sure and visit my podcast website (I shall need to get a new program up ASAP), consider visiting my Covestor page where all of my trades and my trading portfolio performance is evaluated and monitored, and my Social Picks page where all of my stock picks since the beginning of the year are recorded and also monitored. 

Bob


Posted by bobsadviceforstocks at 11:20 AM CST | Post Comment | Permalink

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