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!
The market really closed on a tear today! I had a couple of stocks close to a sale and Wolverine World Wide decided to cross that 30% threshhold a few moments ago. I sold 40 shares of WWW at $30.84/share shortly before the close of the trading day. I had purchased 240 shares at a cost basis of $23.55/share on 4/19/06, just under a year ago, and with today's price move, the stock passed a 30% appreciation target, and I unloaded 1/6th of my holding, or 40 shares. This sale at $30.84 represents a gain of $7.29/share or 31%. On the upside, I plan on selling another 1/6th of my holdings if the stock should appreciate to a 60% appreciation target, otherwise, after a single sale, I shall move my 'mental stop' up to break-even or $23.55...at which time I would be unloading all of my remaining shares.
This gave me a "permission slip". I had earlier noted that another favorite of mine, Hologic (HOLX) was on the top % gainers....and I bought some...I shall write this purchase up as a separate blog entry!
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