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 realized that my Sybron Dental shares (SYD) hit a sale "target price." Before selling 37 shares, I had 150 shares remaining in my SYD position, and I sold 37 a few moments ago at $41.57. These shares were purchased 11/18/03, at a cost basis of $25.84/share, so I had a gain of $15.73/share or 60.9% gain. This was my second sale of shares of SYD. I had originally purchased 200 shares and sold 50 shares 1/16/04 at $31.31 which represented a gain of $5.47/share on those shares or a gain of actually only 21.2% (thus, I pulled the plug on those shares a bit early...normally selling at 30% gain level.)
Anyhow, since I am at 25 positions in my actual trading portfolio, I shall be sitting on my hands, not adding any new positions, and continuing to work at paying down my sizeable, but fortunately shrinking, margin level!
If you have any questions or comments, please feel free to leave them on the blog or email me at bobsadviceforstocks@lycos.com.
Bob