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.
Earlier today, I was bemoaning the fact that I no longer was entitled to purchase a new position with my unloading of my 45 shares of COO on "bad news". But checking my portfolio for my other positions, I noted that Cal Dive (CDIS) had passed the 90% gain level, mandating another 1/4 position sale at a gain (and entitling me to look again for a new holding!).
Thus 28 shares of Cal Dive, which is trading at $73.46 as I write, were sold at $73.40. This was my third partial sale of this stock, which was purchased 11/03/04 with a cost basis of $38.20/share. Thus, I had a gain of $35.20 or 92.1% on the original investment. I now have 85 shares remaining of this position. I will either be selling another 1/4 (21 shares) if the stock hits a 120% gain (2.20 x $38.20 = $84.04) or unloading all of my shares on the downside if the stock traces back to a 45% gain (1.45 x $38.20 = $55.39).
Thanks so much for visiting. I am on the look-out now and if I find anything I like, I shall keep you posted! If you have any comments or questions, please feel free to leave them on the blog or email me at bobsadviceforstocks@lycos.com.
Bob