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.
Checking through my trading portfolio, I realized that my Packeteer stock (PKTR), which I had recently purchased, hit an 8% loss and I sold my shares in this position. I had purchased 400 shares of PKTR at a cost basis of $11.94/share. A few moments ago I sold these shares when the stock was trading at $10.86 for a loss of $(1.08)/share or (9.0)% since my purchase. Having sold this position at a loss, I shall not be looking to purchase another position, but shall instead be 'sitting on my hands' with the proceeds, waiting for a sale on 'good news' to add a new position to my trading portfolio.
Although slow and unwieldy, my trading system continues to direct me to move from equities into cash (or at least a reduced level of margin.) I will continue to avoid re-investing proceeds until I get to a minimum number of stocks in my trading portfolio, which would be at 1/4 of my maximum or 6 positions. I have a ways to go before that!
Thanks so much for visiting my blog. If you have any comments or questions, please feel free to leave them right on the blog or email me at firstname.lastname@example.org. Please also be sure and visit my Stock Picks Bob's Advice Podcast Site where you can download an mP3 where I talk about many of the same stocks and issues facing us as we look to invest in the market.
Posted by bobsadviceforstocks at 1:36 PM CDT | Post Comment | Permalink