Hello Friends! If you know me, at least as a blog writer and trader (LOL), you will know that a nickel burns a hole in my pocket! Well, as per my rules, I am avoiding adding any positions until I sell something at a GAIN...well I did that with the portion of HIBB I sold earlier today.
Looking through the lists of gainers, I found Kyphon (KYPH), which I had posted on Bob's Advice on 10/30/03. KYPH was approved for sale of bone cement, as announced today, and this took the stock into the stratosphere. As I write, KYPH is trading at $28.00, up $3.72 or 15.32% on the day. I purchased 300 shares a few moments ago at $28.137.
On January 27, 2004, KYPH reported 4th quarter 2003 results which showed net sales of $39.7 million up 74% over the $22.7 million the prior year and net income for the quarter of $19.3 million, or $.45/diluted share, compared to net income of $.9 million or $.02/diluted share the prior year. The company is still growing like 'gangbusters'.
Anyhow, there goes THAT nickel. So now I will wait for another portion of a stock to hit a sell point to add another position. Really would like to get back to my 25 position portfolio.
Thanks so much for stopping by! Remember to do your OWN due diligence before making any purchases or sales based on information on this website and PLEASE consult with your investment advisors to make sure that any decision you make is timely and appropriate for you!
If you have any questions, comments, or words of encouragement, please feel free to email me at bobsadviceforstocks@lycos.com
Bob