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.
I confess that all of this bear market is wearing me down! Earlier today, I sold one of my remaining twelve holdings in my trading account: Barnes Group (B) that hit an 8% loss. In fact, I sold my 360 shares that were acquired 2/16/06 at a cost basis of $19.58/share at a price of $17.97. This represented a loss of $(1.61)/share or (8.2)5 since purchase. Again, since I sold this stock at a loss instead of on a gain, this is a negative internal signal of my portfolio telling me once again to hang on to the proceeds and sit on my hands.
I am now down to 11 positions from my maximum of 25, and still above my minimum of 6. Hopefully the crisis in the middle-east will soon be resolved and the markets will move higher once again. I hope I am not too much of a Polyanna about these international events.
Thanks so much for stopping by and visiting! If you have any comments or questions, please feel to leave them on the blog or email me at bobsadviceforstocks@lycos.com. Also, please be sure to come and visitn my Stock Picks Bob's Advice Podcast site where you can hear me talk about many of the same stocks I have been writing about the past several years.
Bob