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, checking my actual trading portfolio, I noted that Meridian Bioscience (VIVO) had hit another sale point. As you might know, I sell my gaining shares piecemeal so to speak, selling 1/4 of my remaining holdings at targets of 30, 60, 90, 120, then by 60 at 180, 240, 300, 360, and then by 90, 450, 540%....etc. ANYHOW, to make a long story short, I sold 84 shares of VIO at $21.07/share. I had 337 shares (after the recent split) and now hold 253 shares in my trading account.
These shares were acquired 4/21/05 at a split-adjusted cost basis of $11.13, giving me a realized gain on these shares of $9.94 or 89.3% (my target was 90%). This was third sale of VIVO since my purchase, having sold 100 shares 7/25/05, 75 shares on 9/1/05, and now another 84 shares.
If I were under my goal of 25 positions, I would use this sale on "good news" as a signal to add another position. However, since I am at my max, and have plenty of margin as well, I shall be using the proceeds to continue to pay off the margin balance in this account.
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