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Stock Picks Bob's Advice

Wednesday, 19 April 2006

"Trading Transparency" Starbucks (SBUX)
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.

A few moments ago I realized that my Starbucks (SBUX) stock had hit a sale point for me, reaching a 240% appreciation level. Unfortunately, I am down to 59 shares, but 1/6th of that works out to 9 shares and I sold 9 shares at a price of $38.96. I had purchased this position 1/24/03 at a cost basis of $11.40, so this worked out to a gain of $27.56 or 241.8% since my purchase. Having sold previously five times (at 30, 60, 90, 120, and 180% levels), my goal was for a sale at 240% and I reached it with SBUX!

Anyhow, that nickel is burning in my pocket already. I shall be on the lookout for a new position to add to my trading portfolio since I am only at 20 positions, with my maximum of 25!

Regards! Drop me a line at bobsadviceforstocks@lycos.com if you have any comments or questions, and please feel free to visit my Stock Picks Bob's Advice Podcast Site.

Bob

Posted by bobsadviceforstocks at 10:11 AM CDT | Post Comment | Permalink

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