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Friday, 21 January 2005
"Trading Transparency" ASKJ

Hello Friends! Thanks so much for stopping by. I haven't been posting much here for a few days, have been busy and haven't been finding that much to like in the midst of this bearish market!

As always, please remember that I am an amateur investor, so PLEASE consult with your professional investment advisors prior to taking any action based on information on this website.

I am going to have to think that latest "rule change" of mine. I sold my EXPO on some bad news, but decided since it wasn't at a loss, I could just replace the stock...Bad idea. I think that we will have to go back to the more conservative idea of only buying a new position on clear selling on good news. The rest just doesn't count.

Anyhow, I was checking my portfolio last night and realized that my ASKJ had passed my (8)% loss level. So I pulled the plug this morning. At the open, I sold my 240 shares of ASKJ at $27.55/share. I had just purchased these shares at $30.10 on 1/14/05, so I had a loss of $(2.55) or (8.5)%. Hmmm.....I will have to learn to SIT on my hands a little better.

Thanks so much for stopping by. I will try to get an answer to a letter up a little later today...and maybe go looking for a stock to discuss!

Bob


Posted by bobsadviceforstocks at 11:14 AM CST | Post Comment | Permalink

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