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.
Thanks again for visiting! If you have any comments or questions, please feel free to leave them on the blog or email me at bobsadviceforstocks@lycos.com.
Bob