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 advisers prior to making any investment decisions based on information on this website.
As I just wrote up on my last entry, my Coach Stock (COH) has been an absolutely phenomenal performer in my portfolio. The stock hit an appreciation target and I sold 1/7th of my position. Being under my maximum (my new level) of 20 positions, I thus had a "permission slip" to add a new position to the mix.
And you know how I love to buy stocks!
Anyhow, checking the list of top % gainers today, I immediately saw a stock that I recently reviewed, Satyam Computer Services (SAY), trading at $25.81, up $1.87 or 7.91% on the day. The company released earnings early today that showed revenue up 36.7% from a year earlier and earnings up 38.6% for the quarter as well. This strong performance was enough to get the stock onto the top % gainers list and was enough to get my attention as well!
I often talk about the 'vocabulary' of stocks in making investing decisions. Having a bunch of 'candidates' that are 'investable' helps me make a relatively quick decision as I did. These decisions aren't always successful as my recent sale of Medtox demonstrates, but it helps being an informed investor. And that is what my homework is all about!
Wish me luck!
Thanks so much for dropping by! If you have any comments or questions, please feel free to leave them on the blog or email me at firstname.lastname@example.org. If you get a chance be sure and visit my Stock Picks Podcast Website where I talk about some of the stocks I have been writing about here on the blog.