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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.
I just spent I don't know how much ink writing about trading discipline and there I go again. Buying a stock without a "permission slip". But I would like to start thinking about a 'hybrid' trading system. That is, utilizing a basic portfolio management system and also investing occasionally in single issues with larger positions taken without regards to the 'rules'. I am probably going to regret this diversion, but I am still learning, and I hope you are learning as well with me.
Last month I wrote about Graham Corporation (10/27/07), a stock that Doug S. brought to my attention, thinking correctly that it was 'my kind of stock'. I will refer you back to last month's entry for details about the company.
In a nutshell,
The stock made the top % gainers list today, trading at $61.60, up $2.85 or 4.85% on the day as I write.
Latest quarterly report was very strong.
The company announced a 5:4 stock split and raised its dividend.
The Morningstar.com "5-Yr Restated" financials looks solid.
And the 'point & figure' chart from StockCharts.com appears to show continued positive momentum.
With all of that in mind, I broke my trading rules (once again) and purchased 400 shares at $62.4399. Wish me luck.
So once again, throwing caution to the wind, I jumped in on Graham (GHM). It's a great stock. But can it hold up in a correction? Time will tell.
If you have any comments or questions, please feel free to leave them on the blog or email me at email@example.com. If you get a chance, feel free to visit my podcast site where I discuss many of the same stocks I write about on the blog, my Covestor Page where Covestor tracks my actual trading account, and my SocialPicks page, where for the last year, SocialPicks has been tracking all of my stock picks.