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.

I never let that nickel sit in my pocket very long!  In fact, a few moments ago, with my 'permission slip' to add a new position in hand, I checked the list of top % gainers on the NYSE and came across Baldor Electric (BEZ), which as I write, is trading at $44.25, up $4.46 or 11.21%.  I quickly checked the latest quarter, which as I suspected they announced 1st quarter 2007 results today.  They reported great numbers and exceeded expectations on both earnings and revenue.  I took a look at the Morningstar.com  "5-Yr Restated" financials on BEZ (isn't it neat how quick you can do this stuff after awhile!), and everything appeared to be just beautiful except for a jump in the outstanding shares recently. (That doesn't appear to be a problem).  The company even pays a dividend and has been increasing it annually!

Anyhow, I took the plunge and bought 140 shares at $44.00/share a few moments ago.  With my new strategy of selling 1/7th of my holdings at appreciation targets, I am trying, not that it makes a real difference, to start out with positions that are divisible by 7.  Actually, as I write it up, that is a pretty silly way to pick a number of shares to buy isn't it? 

Wish me luck!  I am back to my 20 position status.  I am not going to my old goal of 25 positions until I get that margin balance down.  At that point, maybe will go to 25 (?).  If you have any comments or questions please feel free to leave them on the blog or email me at bobsadviceforstocks@lycos.com.  I shall try to do a more thorough write-up of Baldor if I get a chance later today or this weekend.

Regards to all of you!

Bob