
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.
One of the weekend tasks that I like to accomplish on the blog is to review picks from a year earlier. Last week I reviewed picks from December 20, 2004, this week, I am up to December 27, 2004. This analysis assumes a buy and hold strategy. In reality, I advocate and practice a more disciplined approach of selling losing stocks quickly and completely, and gaining stocks slowly and partially. Implementation of a strategy like this would result in actual results different than this review. However, for the sake of simplicity, this method gives us an overall idea of the stock performance.
Furthermore, this review is limited to a check of the current stock price and the latest quarterly earnings report. I give each stock a thumbs up or a thumbs down based on whether the latest earnings report demonstrates both increased revenue and earnings (thumbs up) otherwise the stock is given a 'thumbs down'.




So how did we do during this week a little over a year ago. As is sometimes the case, both of the stocks declined for an average loss of (37.6)%.
The evaluation shows that there is nothing magical about my stock picks. I do not bat 1.000, and sometimes the stock "picks" decline. Overall, I think that the picks on this blog have done quite well. But the possibility for loss must always be considered. Thus the need for loss limits like the 8% loss limit I utilize myself.
Thanks so much for stopping by! If you have any questions or comments, please feel free to email me at bobsadviceforstocks@lycos.com or simply leave your comments on the blog.
Bob