Hello Friends!  Thanks again for visiting my blog!  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.

With a significant margin load, I am a big talker about trades until the rubber hits the road as they say.  Flotek was trading weakly this morning and I hedged my 'trade' by selling 400 of the 600 shares.  And just as sure as night follows day, the stock seemed to turn around and move higher after my move.  I still have 200 shares of this stock and am still optimistic about its fortunes.  However, I am most concerned about limiting losses and the sale made sense....at least at that time.

I sold these 400 shares at $38.45 earlier.  They had been purchased this morning at an average cost of about $39.55.  Thus I had a loss on this purchase of $(1.10) or (2.8)% since purchase.  I have a much lower tolerance for losses on these trades which are not part of my regular trading strategy.

Fortunately, the rest of my portfolio is moving higher as I write so I shall be able to absorb this small loss without much difficulty.  It is difficult to trade stocks like this in a market as volatile as we are experiencing without getting 'whip-sawed'.

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

Bob