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 my 'adventure' blogging here I am trying to learn how to execute what I would call 'trades', that is, relatively large positions purchased for short period of time. This is in addition to my regular disciplined investment management strategy for the bulk of my holdings.
My last purchase of Bolt (BTJ) has been of mixed success after a resounding success with Graham (GHM). I sold 400 shares of my 800 share position of Bolt at a small loss; I held on to the rest of the shares until today when I decided to go ahead and sell the remaining shares. My 400 shares of Bolt (BTJ) were sold a few moments ago at an approximate price of $39.92. These shares were acquired 11/27/07, just a few days ago, at a price of $37.34. Thus I had a gain of $2.56/share or 6.9% on these shares.
BOLT (BTJ) IS RATED A BUY
I have discussed this purchase earlier. I do think the market is recognizing the value of Bolt (BTJ) and the stock is still rated a BUY. However, after looking at the list of top % gainers on the NYSE today, I saw a stock moving strongly higher in a strong market, that I have reviewed previously: Commscope (CTV). CTV is trading at $46.60, up $6.41 or 15.95% on the day. Trying to ride the momentum on a stock that has strong fundamentals and reasonable valuation, I purchased 600 shares at $46.37.
I recently wrote up Commscope on May 31, 2007, on Stock Picks Bob's Advice so I am familiar with the stock.
COMMSCOPE (CTV) IS RATED A BUY
Wish me luck! I am modifying my rigid portfolio management system to give me the flexibility of doing a 'trade' in my account. For the rest of my holdings I shall be keeping to my portfolio management system. Time will tell if these moves are reasonable and wise in the context of a portfolio investment discipline.
If you have any comments or questions, please feel free to leave them on the blog or email me at firstname.lastname@example.org.