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Stock Picks Bob's Advice

Tuesday, 30 May 2006

"Trading Transparency" SanDisk (SNDK)
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 little while ago I noticed that my SanDisk (SNDK) stock had hit an 8% loss and I sold my shares in the company. These shares were just purchased last month on 4/13/06 and have a cost basis of $62.04. I sold these 120 shares at $56.82, with a loss of $(5.22) or (8.4)%.

Since this was a sale on "bad news", I shall be sitting on my hands with the proceeds, waiting for a sale on "good news", that is at a targeted gain, to add a new position. It is this simple strategy that moves me slowly from equities towards cash when the market environment is as rough and bearish as it is today!

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. Be sure to stop by and visit my Stock Picks Bob's Advice Podcast Website where I discuss many of the same stocks and issues I have been writing about here!

Bob

Posted by bobsadviceforstocks at 2:10 PM CDT | Post Comment | Permalink

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