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.
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Posted by bobsadviceforstocks at 12:16 PM CDT | Post Comment | Permalink