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 consult with your professional investment advisors prior to making any investment decisions based on information on this website.
A little earlier, in the face of a market firming up this afternoon, my Quality Systems hit a new sell point. Prior to this sale, I had 58 shares of QSII remaining in the trading portfolio, so I entered a sell order and sold 14 share of QSII at $86.23/share. I now have 44 shares left!
I purchased Quality Systems on July 28, 2003, and have a cost basis of only $15.50/share (!). Thus, the stock I sold had a profit of $70.73 or 456.3%. Having sold the stock previously eight times, the last being at a 360% gain, my goal had been at 450% (a 90% interval), and the stock hit the price today. Thus, I shall be targeting a 540% appreciation target for the next partial sale or 6.4 x $15.50 = $99.20, or on the downside, if just in a correction, I will unload the remaining shares at a 225% gain or 3.25 x 15.50 = $50.38.
Quality Systems has been an absolutely fabulous investment for me. I have taken out my original investment several times over, and still have a small position in my portfolio. The company continues its rapid growth. Hopefully, my sales will become fewer and the position with the diminished sales will start growing a bit more significantly!
Thanks so much for stopping by! Please comment right on the blog if you have any questions or comments, or email me at bobsadviceforstocks@lycos.com.
Bob