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.
A few moments ago my Precision Castparts (PCP) holding hit one of my appreciation targets. As you may recall, I use 30, 60, 90, 120, then 180, 240, 300, 360, 450, 540%...etc. targets to sell 1/6th of my holdings. I sold 20 shares of my 120 share position (leaving 100 shares in my Trading Account) at a price of $90.20. I had purchased these shares 10/24/06, about 3 months ago, at a cost basis of $69.05. It has been an excellent performer for me!
This sale represented a gain of $21.15/share or 30.6%. Since I am at 14 positions, under my maximum of 25, this also gives me a "permission slip" to add a new position to the account.
As I like to joke, that 'nickel' is already burning a hole in my pocket.
Thanks so much for stopping by!