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 decisions based on information on this website.
A few moments ago, I sold 23 shares (1/7th of my 162 shares) of my Ventana Medical Systems (VMSI) at $76.83. This represented a gain of 227.4% or $53.36 from my initial cost of $23.47 for these shares which were purchased on 4/16/04. I had already sold shares four times previously at 30, 60, 90, and 120% points and the stock hid the 180% appreciation level and went right through it with the bid from Roche. (They are making a hostile offer for Ventana at $75/share).
I have given thought to selling the entire position, but meanwhile, I shall continue to follow my own trading strategy and see how this plays out. If I were under my 20 position maximum, this would be a signal to buy a new position. However, I am at 20, and this offers me the chance to sell some shares and pay down my margin a small amount.
I am considering selling all shares, but since this is not a done deal yet, I do not know if there will be other bidders. However, with this huge gain, the risk is that the entire bid falls apart. But I believe that is unlikely.
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Updated: Tuesday, 26 June 2007 10:00 AM CDT