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 I sold my 120 shares of IHS at $40.37. These shares had been purchased just last month at a cost basis of $44.16/share on 3/22/07. Thus, I had reached a loss of $(3.79) or (8.6)% since purchase. I have a rather strict 8% loss tolerance after an initial purchase. This is not a question about a particular stock, I don't know anything wrong with IHS, it is simply that to maintain my discipline of selling losing stocks quickly and gaining stocks slowly, I need to commit to following my own trading rules. I do.
As part of my strategy, since I have now sold this position on what I refer to as "bad news", I am sitting on my hands with the proceeds. I shall be waiting for a partial sale on 'good news' before adding a new position back into the portfolio.
Thanks again for stopping by and visiting! If you have any comments or questions, please feel free to leave them on the blog or drop me a line at bobsadviceforstocks@lycos.com.
Bob