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 remember to consult with your professional investment advisors prior to making any investment decisions based on information on this website.
A few moments ago, I sold 30 shares of ResMed (RMD) in my actual trading portfolio at $78.01/share. This was a 1/4 position of my previously held 120 shares. I like to sell a 1/4 position at previously set targets, which for me are at 30, 60, 90 and 120% gains, and then 180, 240...etc.
I had purchased these shares 2/4/05 with a cost basis of $59.74/share, so this was a $18.27/share gain or a 30.6% appreciation from my purchase price.
Since I am at my goal of 25 positions, I shall be using the proceeds to continue to try to pay down my significant margin level. If I were under 25 positions, this would be a signal to add a new position to the portfolio.
Thanks so much for stopping by! If you have any comments or questions, please feel free to leave them on the blog or email me at bobsadviceforstocks@lycos.com. I cannot get to every letter but I shall try to answer as many as I can....usually in the blog! Have a great day!
Bob