Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice. As I always like to point out, 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.
A few moments ago, I sold my 120 shares of Greif (GEF) at $65.49. GEF is currently trading at $64.60, down $(8.90) or (11.95)% on the day! I just purchased GEF on 4/4/05 with a cost basis of $72.34. Thus, I had a loss of $(7.74) or (10.7)%. Since I put my sales in manually, I actually passed my 8% loss limit. Anyhow, out it went. They actually announced earnings which on first glance look solid. But somebody must not have liked what they reported. Regardless, trading rules are trading rules. And my portfolio is ever talking to me now with two sales in two days.
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Posted by bobsadviceforstocks at 11:22 AM CDT | Post Comment | Permalink