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 Jones Soda (JSDA) hit an appreciation target at a 60% gain. I sold 35 shares of JSDA at $30.25. I now have 215 shares remaining of this stock that I purchased with a cost basis of $18.22 on March 12, 2007. This sale represented a gain of $12.03 over my purchase or 66.0% appreciation. On the upside, my next sale will be at a 90% appreciation level or 1.9 x $18.22 = $34.62 or on the downside, at half of the highest appreciation point, or at a 30% gain, I plan on selling all remaining shares. This sale point would be at 1.30 x $18.22 = $23.69.
Having sold at a gain, this represented "good news" and the nickel didn't last long in my pocket. I noticed that Medtox (MTOX) was on the top % list again, currently trading at $20.88, up $1.28 or 6.57% on the day. I went ahead and purchased 210 shares at $20.69. Wish me luck!
Thanks again for visiting. I shall try to keep you posted as things move along. If you have any comments or questions, please feel free to leave them on the blog or email me at firstname.lastname@example.org.