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.
Earlier this morning I noticed that my stock in Bolt (BTJ) had hit a sale point. In fact it hit the 60% appreciation point and with my targeted appreciation point of 30, 60, 90, 120%, etc., this triggered a sale (which I did manually). I sold 1/6th of my remaining 250 shares or 41 shares at $28.70. These shares were acquired 1/12/07 at a cost basis of $17.44 so this represented an appreciation of $11.26 or 64.6% appreciation.
When will I sell next? On the upside, if the stock hits a 90% appreciation point, or 1.90 x $17.44 = $33.14, then I would be selling 1/6th of my remaining 209 shares of Bolt.
Since I am under my 25 position maximum (currently holding 16 positions) this resulted in a 'permission slip' to add a new position. I saw a new name that seemed to fit the bill and purchased 300 shares of Jones Soda (JSDA) at $18.18. I didn't let that nickel burn a hole in my pocket very long. I always 'kick myself' for not buying any Hansen's (HANS) so maybe I wanted to have another shot at a soft drink manufacturer. Wish me luck.
I have noticed Jones on the top % gainers before today but haven't written it up before. I shall try to get to a review of Jones later today if possible.
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