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.
A few moments ago I sold my 400 shares of Graham (GHM) at $66.1701. This position was not part of my long-term strategy, I have loads of margin, my own 'signals' are directing me to sit on my hands, and it was a nice short-term trade. I still like the stock.
GRAHAM (GHM) IS RATED A BUY
But I am no longer a stock-holder in this great company. I just purchased these shares on 11/23/07 at a cost basis of $62.47, so I had a gain of $3.70/share or 5.9% on my investment.
My sale is not due to my lack of interest in this company. I am concerned about staying within my trading rules, continuing to reduce my margin levels and buying and selling on signals.
Occasionally, I like to 'break all of the rules' and make a trade like this. But thus far, I have undone these trades after a short period of time and returned to my usual disciplined trader mentality. But it is nice to take a quick profit occasionally on a stock like this. I suspect that Graham (GHM) has lots further to go on the upside. But it will have to do it without me.
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