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Tuesday, 29 June 2010
Ecolab (ECL) "Trading Transparency"

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.

The stock market had a miserable day today.  The Dow closed down 268 points or (2.65)%, the Nasdaq was worse with an 85 point or (3.85)% loss.  Even the S&P was hit, closing at 1041, down 33 or (3.10)% on the day.

In the midst of this bloodbath, my Ecolab (ECL) stock, which I had recently purchased last month on 4/30/10 in my swith from Schlumberger (SLB), was made at a cost basis of $49.10.  I sold all 65 of my shares today at $45.05/share, yielding me a loss of $(4.05) or (8.2)% since purchase.

I did not sell this stock because of any particular fundamental piece of information that disturbed me.  I like this company and would prefer to be a shareholder of its shares. 

However, my own trading system demands of me to sell shares in companies in which I have made an initial purchase when they have declined (8)% since that purchase.  That is exactly what happened to my Ecolab (ECL) shares.

It is also not surprising that this holding was a recent purchase.

It makes sense that the positions that would be 'undone' first would be the recent purchases that are most vulnerable to a downdraft in the market.

One of my goals in pursuing this blog and putting my own real holdings, my successes and failures out publicly is to test whether one can reall do what I am striving to do.  I am working to minimize my losses both individually by selling stocks quickly should they decline and also to utilize that sale as an indicator in itself that something is rotten with the market.  Thus the proceeds of this sale are remaining in cash.  

My cash position is approximately 40% now.  I didn't do this on purpose.  It wasn't a stroke of genius.  It was my own strategy of selling holdings on declines and putting the proceeds in cash.  I am avoiding reinvesting these sales on losses so I shall not make a bigger mistake and compound these losses with additional sales on losses.

I shall be waiting for a sale on a gain to be adding a new holding.  This may be awhile.  Meanwhile, I shall be patient.  Monitor my own holdings and am prepared to unload additional stocks until I am at my minimum of 5 holdings.  Even then, I shall not tolerate losses but rather shall sell these at 8% declines, replacing them as well with new positions (because I need 5 holdings) but am planning to do this with even smaller in size positions as I work to reduce my exposure to equities as indicated by my own sales.

Thank you again for stopping by and visiting.  I hope that my explanation is comprehensible for you.  If not, please let me explain more.  You can leave your questions or comments right here on the blog or contact me at bobsadviceforstocks@lycos.com.

Yours in investing,

 

Bob


Posted by bobsadviceforstocks at 10:42 PM CDT | Post Comment | View Comments (4) | Permalink

Friday, 2 July 2010 - 4:43 AM CDT

Name: "TopStepTrader.com"
Home Page: http://www.topsteptrader.com

Protecting and preserving our environment must be on the top of the hierarchy level of priorities. I agree with "Romancing the Stone"... Utilizing our work force might be a good pick to come up such solutions since unemployment rate rising in figures.
Meanwhile, topsteptrader new introduced Live Real-time market trading using (CBOT and CME floor traders-alike platform) which drive marketing transactions as easy as playing video games, where competitive traders, brokers and recruits chat with each other at the times compete among their selves.
Click the link below for a sneak preview Top Traders ranking
http://www.topsteptrader.com/Leaderboard.html

Tuesday, 6 July 2010 - 5:21 AM CDT

Name: "penny stocks"
Home Page: http://www.stocktrains.com

 Thank you for such a fantastic blog. Where else could one get this kind of info written in such an incite full way? I have a presentation that I am just now working on, and I have been looking for such information.

 

 

<a href="http://WWW.stocktrains.com">Penny stocks</a>

Saturday, 10 July 2010 - 8:26 AM CDT

Name: "Jim"
Home Page: http://www.tradinggraphs.com

Hi,

 

My name is Jim and I blog in www.tradinggraphs.com. I visited your website and found it very interesting! Excellent work!

 

I was wondering if you are interested in link exchanging. I can offer a link from the front page of tradinggraphs.com or my main blog found at www.jimmakos.com in exchange for a link from your blog's front page to Trading Graphs.

 

Let me know.

 

Regards,

Jim

Sunday, 18 July 2010 - 9:29 PM CDT

Name: "Abigail "

Want to talk about an undervalued stock here is a little something. what do you think bob?:

Artepharm Global Corp.

Artepharm Global has acquired the patent and worldwide marketing rights for Artequick , a natural artemisinin-based anti-malaria drug developed by Artepharm Co. Artepharm Co. is a modern pharmaceutical company involved in R&D and the manufacturing of artemisinin-based anti-malarias and anti-viral traditional Chinese medicines. It was jointly established by a group of experts specializing in the research of Qinghao, commonly known as Artemisia annua. For more information got to www.artepharmglobal.com.


Latest news :
Reuters Reports That Artepharm Global's Artequick Eradicates Malaria on the East Africa Island of Moheli
July 16, 2010 4:19 PM ET

Artepharm Global Corp. (OTCBB: ARGC) (www.artepharmglobal.com) reports that at the 5th Pan-African malaria conference, held in Nairobi in early November 2009, it was announced that malaria has been eliminated on the East Africa Comoros island of Moheli, with a population of 36,000. This was done with the aid of a comprehensive Chinese-assisted Artequick® treatment program that was administered and run by Artepharm Global's partner - Artepharm Co., a modern PRC China-based pharmaceutical company and as reported by Reuters...

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