Hello Friends!  Thanks 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 advisers prior to making any investment decisions based on information on this website.

A few moments ago, my Bolt Stock (BTJ) was at a sale point.  The stock actually hit the 120% appreciation level (my fourth targeted sale point) Thursday prior to the close, but I didn't realize this before the market trading day was done.  This morning, I sold 25 shares of Bolt (BTJ) at $38.83.  This represented 1/7th of my holding, my new strategy, of 175 shares.  I now have 150 shares remaining.

Bolt was purchased only a few months ago, on 1/12/07, and I have already hit four sale points on this stock.  My cost basis on these shares is $17.44, so these shares were sold with a gain of $21.39 or 122.6%. 

On the upside, my next targeted sale would be at a 180% appreciation level or 2.8 x $17.44 = $48.83, at which time I now plan on selling 1/7th of 150 shares or 21 shares.  On the downside, if the stock should drop to 1/2 of my highest sale point or a 60% appreciation level, which would be 1.6 x $17.44 = $27.90, then I would be planning on selling all remaining shares.

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

That nickel is burning a hole in my pocket already!

Bob