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 advisor prior to making any investment decisions based on information on this website.
My Affymetrix (AFFX) stock hit the first targeted sale point at a 30% gain earlier today. I sold 40 shares of my 160 share position a few moments ago at $53.38. They were purchased earlier this year on 1/27/05 with a cost basis of $40.98. Thus, I had a gain of $12.40/share or 30.3%. My next targeted sale of 1/4 of my holdings (30 shares) would be if it declines back to break-even on the downside or at a 60% gain on the upside. Wish me luck!
Since I am at 23 positions, under my goal of a 25 position portfolio, this "entitles" me to add a new position, and I can tell you, that that nickel is already burning a hole in my pocket! :)
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