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Stock Picks Bob's Advice

Monday, 1 August 2005

"Trading Transparency" Cal Dive International (CDIS)
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.

A few moments ago I sold 37 shares (1/4 of my remaining position of 150 shares) of Cal Dive (CDIS). This was my second partial sale of CDIS, and thus my targeted gain, which I just hit, was a 60% gain over the initial purchase price.

These 150 shares were purchased 11/3/04 at a cost basis of $38.20/share. (I made my first sale, 50 shares of 200 share position on 2/25/05 at an effective price of $49.87.) The 37 shares were sold at $61.14 today for a gain of $22.94/share or 60.05%. My next sale will thus be at 90% on the upside, or I shall unload my remaining shares at a 30% gain level on the downside!

Since I am still at my 25 position goal, I shall be using the proceeds to continue to pay down my sizeable, but fortunately shrinking, margin level!

Thanks again for stopping by! If you have any questions or comments, please feel free to email me at bobsadviceforstocks@lycos.com or leave your messages right here on the blog!

Bob

Posted by bobsadviceforstocks at 2:00 PM CDT | Post Comment | View Comments (1) | Permalink

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Tuesday, 2 August 2005 - 6:39 PM CDT

Name: Ben
Home Page: http://www.dailykos.com

Nice work! The blog is looking great, I was thinking. You should talk to someone, maybe send Jerome from mydd.com an e-mail, about switching your blog to a "Scoop" format. Let people have diaries with their own stock picks/profiles? Just an idea, no idea how hard that would be....

-Ben

PS I sent you an e-mail, call me when you get it.

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