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.
Checking my trading portfolio this afternoon, I noticed that I had hit another targeted gain on one of my 25 positions. This stock, Quality Systems (QSII) has been no less than a stellar performer in my portfolio. I just sold 19 shares of my 77 remaining shares of this stock at $71.73/share, leaving me 58 shares left in my account. This is approximately 1/4 of my position.
QSII was acquired on 7/28/03 at a split-adjusted cost basis of $15.50/share. Thus, I had a gain of $56.23/share, or 362.8%! This was my EIGHTH partial sale of this stock. Since my goals are 30, 60, 90, 120, 180, 240, 300, and 360%, my next goal will be either 1/4 of my shares at a 450% gain (is that possible???) or unloading my shares when the stock retraces to a 180% gain level. (50% of the largest gain amount).
Thanks so much for stopping by and visiting! If you have any questions or comments, please feel free to leave them on the blog or email me at bobsadviceforstocks@lycos.com.
Bob