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.
Earlier this morning, I sold 37 shares of my Ventana Medical Systems (VMSI) stock at $46.49. These shares were purchased 4/16/04 with a cost basis of $23.47/share. Thus I had reached an actual gain of $23.02 or 98% since my purchase. This exceeded my 90% appreciation target, so I sold 1/6th of my holding. This was my third partial sale of my Ventana stock, having sold 50 shares 11/29/04 and 75 shares on 4/4/05.
In general this entitles me to add a new position to my portfolio. However, I am thinking about unloading my new 300 shares of BOOM, otherwise my margin will begin excessive. BOOM is moving higher today as the sell-off yesterday was overdone. I don't want to mix up my portfolio management system too badly, so I am thinking hard about this last trade with Dynamic Materials.
I shall keep you posted :).