Hello Friends! Thanks again for stopping by. I as always, encourage you to consult with your certified investment advisor before taking ANY actions based on this BLOG. That being said, I appreciate your visit and encourage your comments. You can reach me at bobsadviceforstocks@lycos.com
During the week of September 8, 2003, about 7 weeks ago, I made four picks: Hi-Tech Pharmacal (HITK) at $28.75 on 9/8/03, Merit Medical Systems (MMSI) at $23.10 on 9/8/03, Hanger Orthopedic Group (HGR) at $14.75 on 9/12/03, and Scientific Games (SGMS) at $11.55 on 9/12/03. Of these stocks, I purchased only MMSI for my trading account, and not having hit any 8% losses, I still own some shares. My son also owns 50 shares of MMSI in one of his accounts that was purchased shortly after my purchase.
HITK closed on 10/24/03 at $22.41. This is a loss of ($6.34)/share or (28.3%). MMSI closed 10/24/03 at $25.48. This is a gain of $2.38 or 10.3%. Hanger Orthopedic Group (HGR) closed Friday, 10/24/03, at $15.98. This is a gain of $1.23 or 8.3%. Finally, Scientific Games closed 10/24/03 at $11.78. This is a gain of $.23 or 2.0%.
Overall, we had three gainers and one loser. Unfortunately, the loss was a big one! Thus, on an average basis, the four stocks suffered an average loss of (1.93%) over the six week period that we have watched them. This once again demonstrates the importance of fairly close stops to prevent losses from building up!
Thanks again for stopping by and please come back and visit again and again!
Have a great week!
Bob