Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice. As always, please remember to consult with your professional investment advisors prior to making any investment decisions based on information on this website.
Besides looking at my actual trading portfolio, as I did in my previous post, I also like to review the stock picks that I discuss on this blog. Stocks, that for the most part, I do not and have never actually owned. But it is from this larger list of stocks and the techniques involved in their selection, that I actually pick stocks for my own portfolio.
Please remember that in practice I sell my losing stocks quickly and completely and my gaining stocks slowly and partially. This will affect performance considerably. For this discussion, I always assume a "buy and hold" approach, which does manage to give me an idea about how the stocks have generally been performing.
During the week of October 18, 2004, I only discussed one stock, Diagnostic Products (DP), which I reviewed on Stock Picks Bob's Advice on October 18, 2004, when it was trading at $42.18. DP closed at $48.55, on December 30, 2005, up $6.37 or 15.1% since posting.
On October 24, 2005, Diagnostic Products announced 3rd quarter 2005 results. Sales for the quarter ended September 30, 2005, grew 7% to $116.3 million from the same quarter in 2004. Earnings for the quarter came in at $17.1 million or $.56/diluted share, up from $16.5 million or $.55/diluted share the prior year. The company showed growth year-over-year, but it certainly appeared to be a bit anemic.Since this was the only stock discussed on the blog that week, the performance of the stock picks was the performance of DP which was a gain of 15.1%. Thanks so much for stopping by and visiting! If you have any comments or questions, please feel free to leave them on the blog or email me at bobsadviceforstocks@lycos.com.
Bob