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 consult with your professional investment advisors prior to making any investment decisions based on information on this website!
I just wanted to keep you posted on activity in my actual trading account. A few moments ago, I sold 32 shares of Hibbett (HIBB) at $34.41/share. This was my sixth sale of shares of HIBB...as you may recall, I like to sell portions of my holding when they hit targets on gains....I sell 1/4 of my remaining position at 30%, 60%, 90%, 120%, 180%, 240%... Since this would be my sixth sale, my "target" was a gain of 240%.
HIBB was acquired on 3/6/03 with a cost basis of $9.74. At $34.41, this was a gain of $24.67/share or 253.3%. (!) My next targeted sale would be at a 300% gain (I go by 60% increments 2nd "round", then 90%, etc.) on the upside, or a sale at 120% on the downside. I will try to keep you posted.
Since I have just 22 positions, with 25 positions as my "goal", I am now eligible, by my own trading strategy to add a new position. That nickel is burning a hole in my pocket already!
If I see anything interesting and make a purchase, I shall keep you posted! Thanks again for stopping by and visiting. If you have any questions or comments, please feel free to email me at firstname.lastname@example.org.
Posted by bobsadviceforstocks at 10:15 AM CDT | Post Comment | Permalink