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.
My Kyphon (KYPH) stock is having a nice day today (as are lots of other stocks) trading at $38.20 as I write, up $2.88 or 8.15% on the day. A few moments ago, I sold 50 shares of my 200 shares of Kyphon at $38.20. This is 1/4 of my position, a portion that I regularly sell as my stocks hit their price targets. I acquired these shares on 5/20/05 at a cost basis of $29.21, so this was a gain of $8.99/share or 30.8%. As you may recall, my target gains are 30, 60, 90, 120, then 180, 240, 300, 360, and then by 90% etc.
Since I am at my full complement of stock in my portfolio (25 positions), I shall be at long last, using these proceeds to start paying down my very high margin level. I will not be adding any new positions until either I fall back to less than 25 positions, and then go back to 25 on a buy signal, or I have paid off my margin entirely.
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Posted by bobsadviceforstocks at 11:46 AM CDT | Post Comment | Permalink