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.
This is a quick morning update :). The stocks are correcting a bit today, and my ANF stock was sitting on the edge of a sale near an 8% loss prior to the opening. With the downward pressure on prices, ANF passed my 8% loss threshold and I sold my shares.
In summary, a few moments ago I sold my 160 shares of ANF at $61.62. These shares were just acquired on 6/7/05 at a cost basis of $68.14. Thus, I had a loss of ($6.52) or (9.6%) on my investment. This drops me down to 24 positions, and I am about to sell a portion of my QSII at a gain....but this should have been sold earlier, so it still will not trigger a purchase back to 25. But I shall be waiting for a true sale at a gain, and thus be once more in the market to move to 25. In the meantime, this sale will help to reduce margin in this sloppy market!
Thanks for dropping by! If you have any questions or comments, please feel free to email me at email@example.com or just leave your messages right here on the blog.