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Stock Picks Bob's Advice

Thursday, 3 January 2008

FMC Technologies (FTI)

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.

With the market rather anemic this afternoon and with a couple of point gain on my 'trading position', I decided to pull the plug on 300 of the 400 shares, selling them a few moments ago at $65.42. (These shares were purchased this morning at $63.52, so it almost mad a $2 gain.) I kept 100 shares for the account as I really do like this stock. But with this trade 'outside of my rules', and my margin balance still quite significant, it seemed wise to undo the bulk of the position.

FMC TECHNOLOGIES (FTI) IS RATED A BUY

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.

Bob

Posted by bobsadviceforstocks at 2:14 PM CST | Post Comment | Permalink

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