Hello Friends! Thanks again 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.
If you read the prior entry, you will see how my Coach stock, a phenomenal performer for me, hit a sale point giving me a permission slip, so to speak, to add a new position. Looking through the list of top % gainers on the AMEX, I came across an old favorite of mine, Bolt Technology, that I have reviewed here on the blog. In fact, I first discussed Bolt on Stock Picks on January 19, 2006, almost exactly a year ago!
As I write, Bolt is trading at $17.36, up $.74 or 4.45% on the day. I purchased 300 shares of BTJ a few moments ago at $17.40. Wish me luck! On the downside, I plan on unloading all shares if the stock declines 8% or at or below .92 x $17.40 = $16.01. On the upside, I plan on selling 1/6th of my holding, or 50 shares, if the stock should rise to 1.30 x $17.40 = $22.62.
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