Hello Friends! Thanks again for stopping by. The market is continuing to act weak and I have hit a couple of stops on two of my recent purchases: Claire's (CLE), and Meridian Bioscience (VIVO). I like both of these but out they went this morning.
I sold 300 shares of CLE this morning at $18.28. I purchased these shares on 2/5/04 at a cost basis of $20.17/share. Thus, I had a loss of $(1.89) or (9.4)%.
Later this morning, my shares of Meridian Bioscience (VIVO) were sold, with 400 shares being sold at $10.46. These shares were JUST purchased on 4/22/04 for a cost basis of $11.46/share for a loss of $(1.00)/share or (8.7)%. I loved this stock too, I mean it EVEN pays a dividend! But that 8% rule is one thing I am trying HARD to follow. Hopefully, I can sit on my hands before rebuying any shares of another company!
Anyhow, I am trying to keep you up to date as we all deal with this correction! If you have any questions, comments, or words of encouragement, please feel free to post them right here or email me at email@example.com