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Stock Picks Bob's Advice
Monday, 7 January 2008
FMC Technologies (FTI) "Trading Transparency"

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 remaining 100 shares in FMC Technologies (FTI) at $62.90/share.  These shares were purchased 1/3/08 at $63.52/share.  They were part of a larger lot which was purchased and sold the same day.  I left 100 shares as I was happy with the stock and it met my criteria.  I do believe that I shall be implementing this strategy of selling most of a "trade" in my one position arbitrary 'trade' strategy, and leaving behind enough for a regular position if it is successful.  I haven't blogged much about this as this whole process is evolving.  Anyhow, since I had sold the stock 'once' for a gain, with the stock now moving past break-even into a slight loss, it is time to unload the remaining shares.

I am not convinced of the depth of the current rally which for me suggests a bounce in an 'oversold' market.

Anyhow, with my own sale of FTI, I am reducing my rating on the stock:

FMC TECHNOLOGIES (FTI) IS RATED A HOLD

Thanks so much for stopping by and visiting my blog!  If you have any comments or questions, please feel free to leave them right here or email me at bobsadviceforstocks@lycos.com.

Bob


Posted by bobsadviceforstocks at 9:07 AM CST | Post Comment | Permalink

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