
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.
We have had a rather tumultuous week in the markets. The Dow hit a 6 year high, with the NASDAQ still sitting at almost 50% of its all-time high. And now we have oil flirting with $75/barrel levels never seen before. Gasoline is now working towards $3.00/gallon and the market has a lot of head-wind to go against with the Fed continuing to push short-term rates higher.
But in the midst of all this, I stay focussed on stocks and let the action of my portfolio dictate my own activity in the market.
If you are a regular reader here, you will know that the weekend is my time of reviewing past stock selections. I am now about 60 weeks out with my continuing review and try to keep you posted how all of my selections turned out. If you are interested in reading some past picks, you can find them by searching on Google with "Stock Picks XXXX" where XXXX represents the symbol you wish to find. Usually this works--it is my own approach to wading through my voluminous blog. You can also flip through the pages going by dates and clicking on the dates along the left side of my blog entries. You probably knew that anyhow.
With my reviews I assume a 'buy and hold' approach. While this is an easy way to assess performance, in reality, I employ a much more disciplined selling strategy. I only allow a stock to decline 8% before unloading the shares, and on gainers, I start selling portions of my holdings as stocks reach appreciation levels of 30% and higher. That being said, I always enjoy taking another look at past stock picks which helps me see what is and what isn't working in this process.



On February 3, 2005, I posted Mercury Interactive (MERQ) on Stock Picks Bob's Advice when it was trading at $47.89. Mercury now is on the "pink sheets" and trades as MERQ.PK, and closed at $37.00 on 4/21/06, for a loss of $(10.89) or (22.7)% since posting.



So how did I do with my stock picks during this week a bit over a year ago? I had two gaining stocks and one losing stock. The average percentage change was a gain of 24.5% on the three stocks. Not too shabby at all :). Anyhow, that's the review!
Thanks so much for stopping by! If you have any comments or questions, please feel free to leave them on the blog or email me at bobsadviceforstocks@lycos.com. Please also come and visit my Stock Picks Bob's Advice Podcast Site.
Bob