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, my shares of Meridian Bioscience (VIVO) hit a sale point on the upside and I sold 75 shares, 1/4 of my position of 300 shares I currently held, at the 60% gain point. The exact sale was 75 shares at $27.70. These shares were purchased 4/21/05 with a cost basis of $16.67, so this was a gain of $11.03 or 66.2% on the upside.
As you probably know, I like to sell my losers quickly if they hit an 8% loss. I sell my gainers slowly, and partially, trying to sell 1/4 of my holdings at 30%, 60%, 90%, 120%, 180%, 240%...etc. gain points.
Also, if I am under 25 positions (my goal), this "entitles" me to add a position. Thus, the nickel is burning a hole in my pocket already. I shall be scanning the top % gainers to see if there are any candidates there today that I find interesting.
I shall keep you posted! Please leave a message on the blog or email me at email@example.com if you have any comments, or questions.
Posted by bobsadviceforstocks at 11:35 AM CDT | Post Comment | Permalink