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.
This market sure has a lot of 'mood swings' don't you think?
Just when I was feeling a bit blue over selling my WOOF stock for the second time since I have been an owner of shares, the market turns around and starts to rally. Almost feeling the strength of the market move higher I thought I would take a look and see if there were any names that caught my attention.
Sure enough, Silicom (SILC) was moving strongly higher on earning news. I had just reviewed Silicom on December 10, 2007, and you might want to refer to that review for information about the Morningstar.com report and valuation.
With all of that in mind, I took a big plunge and purchased 2,000 shares of Silicom (SILC) at a cost of $13.668. With the stock trading higher this afternoon, I have already sold 400 shares of SILC at $14.1301, for a gain of $.4621/share or 3.38% since purchase. (400 x $.4621 = $184.84 gain). Nothing to sneeze at but I will take each small gain as I try to climb back into the black this year and move my performance ahead.
I would like to leave 400 shares in my Trading Account if possible, so I shall be looking to making three additional 400 share purchases----if I do this piecemeal as it appears I may do. Anyhow, that's an update!
If you have any comments or questions, please feel free to leave them on the blog or email me at email@example.com.