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.
A few moments ago I sold my remaining 300 shares in Commscope (CTV) at $47.65. These shares were the second half of my 600 shares purchased as a 'trade' the other day. In fact they were purchased 12/5/07 (yesterday) at a cost basis of $46.39, and thus I had a gain of $1.26 or 2.7% since purchasing them. Even though I have parted with these shares, let me emphasize that
COMMSCOPE (CTV) IS RATED A BUY
I sold these shares because the market was up strongly today in spite of what I feel may be fundamental problems addressing the economy. We have not really resolved the subprime mortgage problems, we have not figured out to help stop the plunging dollar, and we still have problems with budget deficits, trade deficits, and ongoing war in the Middle East. I know that market climb 'walls of worry', but I am worrying plenty.
Since this is just a 'trade' outside of my core trading portfolio, I wanted to sell out these shares as my margin balance is still considerable and it is wise to sell when others are buying....at least for this particular position.
Anyhow, that's the news. I shall still reserve the opportunity to be doing a 'trade' within the context of investing. I hope that this dual approach to investing shall be profitable. Wish me luck!
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