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!
Thanks so much for stopping by and visiting! If you have any comments or questions, please feel free to leave them on the blog or email me at bobsadviceforstocks@lycos.com.
Bob