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 few moments ago, I sold my remaining 113 shares of Sybron Dental (SYD) at $46.92. These shares were acquired 11/18/03 at a cost basis of $25.84/share. Thus I had a gain on Sybron of $21.08 or 83.0% on these remaining shares. This was my third sale of Sybron, having sold portions twice previously. Instead of waiting for a 90% gain, and instead of only selling a portion of my shares, I decided to sell all of my remaining shares after I read of the acquisition of SYD by Danaher (DHR) at $47.00/share.
Some might suggest I wait to see if a better price comes in, but with the impending purchase, it seemed prudent to sell the remaining shares in case the deal fell through.
Since this sale was on 'good news' I shall be replacing this position; but I shall not adding an additional position to my portfolio at this time.
Thanks so much for visiting! If you have any comments or questions, please feel free to email me at bobsadviceforstocks@lhycos.com or just leave your comments on the blog.
Bob