This past week that we have had has been a tumultuous one for our stocks. We have backed off of our gains in our trading account to about the level of a month ago and are nearly at 8% stops for two more stocks in the account. I hope that you too are stopping out of stocks as losses develop. Save your cash for a better market run.
It helps sometime to look back at our earlier picks to see how they are doing...help us evaluate this whole process and see what it is that seems to propel a stock higher and when is a stock TOO high already!
During the week of August 11, 2003, we had only three selections on this website: Possis Medical (POSS), Techne Corp (TECH), and Tyler Technologies (TYL).
POSS was selected on 8/11/03 at the price of $17.33. As of the close of business on Friday, 9/26/03, POSS was trading at $15.80. This is a loss of ($1.53) or (8.9%).
On August 12, 2003, we selected Techne Corporation (TECH) for Bob's Advice at $32.08. TECH closed Friday, 9/26/03, at $31.93 for a loss of ($.15) or a loss of (.5%).
The final suggestion was Tyler Technologies (TYL) at $5.75. On 9/26/03, TYL closed at $7.00 for a gain of $1.25 or a gain of 21.7%.
The average of this (8.9%), (.5%), and 21.7% is a gain of 4.1% over this approximately 6 week period. Fortunately, the outstanding performance in TYL balanced out the losses in the other two stocks.
I hope that this discussion is helpful to you in thinking about investment ideas. If you have any questions or comments, please feel free to email me at bobsadviceforstocks@lycos.com or leave your messages here on the website by clicking on the "comments" or "no comments" link under each posting!
Have a great weekend and come back and visit again!
Bob