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Stock Picks Bob's Advice
Thursday, 16 June 2005
"Trading Transparency" Progress Software (PRGS)
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.

Just to keep you posted. That "nickel" was burning a hole in my pocket as soon as it got there. Since I just sold a portion of my COH stock at a gain (see the prior post), this entitled me to add a new position to my portfolio. (since I am under my 25 position goal).

Looking through the lists of top % gainers today, I came across Progress Software (PRGS). It appears to fulfill my "criteria" to purchase, and I just picked up 240 shares at $30.96. As I write this post, PRGS is trading at $31, up $2.80 on the day or 9.93%. I will try to write up this stock later on if I get a chance :).

Regards!

Bob


Posted by bobsadviceforstocks at 9:44 AM CDT | Post Comment | View Comments (2) | Permalink
Updated: Thursday, 16 June 2005 7:39 PM CDT

Comments Page

Thursday, 16 June 2005 - 1:17 PM CDT

Name: Dave Long

Enjoyed talking stocks with you last evening.
If you are interested...
NFI NovaStar Financial has an investor website that is not associated with the company but goes to great length in describing the fairly complex business model that NFI uses. They are different from virtually all MREITS as far as I can tell. I am in this for a long IRA ride.
See: http://www.nfi-info.net/
This stock has had a lot of shorting because it has been attacked by hedge funds, Herb Greenberg articles, etc. The confusion has held down the price. It has been volatile, but that doesn't matter much if you are holding long-term anyway.
The NovaGold (NG) is another long-termer; a junior gold stock now at $8 1/2 that is already starting to move. Lots of channel traders have been using this. Check the fundamentals. I believe it is good for at least $40-50 by 2009 or so.

Reply to this Comment

Thursday, 16 June 2005 - 7:05 PM CDT

Name: Robert Freedland
Home Page: https://bobsadviceforstocks.tripod.com/bobsadviceforstoc

Dave,

It was good to talk with you as well! There are many ways to make money in the market (and at least as many ways to lose!). It sounds like your ideas are working well for you.

Presently, I am sticking to my methods to see how they work long-term. Thanks for visiting, posting, and being a friend!

Bob

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