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 don't usually have the strange combination of one of my holdings (Hologic (HOLX)) announcing an acquisition of another of my holdings (Cytyc (CYTC)).  As is usually the case, this meant a sharp rise in my CYTC stock and a not quite as steep decline in HOLX.  At this point, I shall go ahead and sell my 1/7th position in CYTC as it hit a sale point at a more than 180% gain from my purchase.  I shall wait and see if the company is indeed going to be acquired, and if there aren't any better offers out there.  If the acquisition becomes set, I shall be selling my CYTC stock and simply replacing it with another position.  This would be one time where a sale was on 'good news' and yet I plan on eventually unloading the entire position.

A few moments ago I sold 26 shares of my CYTC position (1/7th of my 188 shares I owned) at $43.16.  These shares were purchased 1/29/04 at a cost basis of $14.86, with a gain of $28.30 or 190.4% since purchase.  This represents my fifth partial sale with prior sales at 30, 60, 90, and 120% levels.

Since I am under 20 positions (19), I again have a nickel in my pocket and shall be looking for a new position on the top % gainers list.  I shall keep you posted.  Meanwhile, I shall need to monitor my HOLX which unfortunately, could end up being sold on the 8% loss level if things deteriorate further.  

Bob