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.
It has been a couple of months since I reported my Trading Portfolio. In fact, I last reviewed my portfolio on December 30, 2007. Since I am participating with Covestor, you can visit my Covestor Page where you can review daily updates of my trading portfolio including performance, holdings, and comments. However, Covestor calculates performance since my signing-up for this service (June 12, 2007), and since many of my holdings and investment experience predate that time, it may be helpful to review my performance since purchase of those stocks acquired prior to participating with Covestor.
This review is the status of my account as of the close today, February 26, 2008. The holdings are listed in the alphabetic order of their symbols (as is done by Fidelity), followed by the number of shares, date of purchase, price of purchase, latest price (2/26/08), and percentage unrealized gain or (unrealized loss).
Copart (CPRT), 210 shares, 9/27/07, $33.73, $39.95, 18.45%
Covance (CVD), 102 shares, 4/9/07, $62.61, $86.24, 37.74%
IHS Inc (IHS), 140 shares, 10/1/07, $58.53, $64.59, 10.36%
Morningstar (MORN), 103 shares, 11/22/05, $32.57, $66.80, 105.07%
ResMed (RMD), 150 shares, 2/4/05, $29.87, $41.60, 39.28%
Silicom (SILC), 350 shares, 1/28/08, $13.67, $15.61, 14.19%
Meridian Bioscience (VIVO), 171 shares, $7.42, $35.12, 373.38%
Currently I am down to 7 positions, with my minimum number of positions being 5 and my maximum 20. My market value of my securities is $50,818.00, and I have an additional $619.03 in money market funds. In other words, with the decline, my margin has been paid off and I have a small balance. This is improved from the $(28,707.47) in margin reported two months ago which at that time made for an equity percentage of 68.30%.
As of February 26, 2008, I had a net of $1,653.77 in realized gains consisting of $(1,629.73) in short-term losses and $3,283.50 in long-term gains in 2008. As of February 26, 2008, my stocks had a total of $15,266.17 in unrealized gains.
As of this date, I have had $23.94 in total income and have paid $(221.13) in margin interest in 2008.
2008 has already been a challenging year for me. You will see that none of my stocks are showing losses, I have realized net gains for this year, and my system of responding to the market is automatically working as my total number of positions is down to 7.
I shall be waiting for either another sale signal or a signal to be adding a new position on a partial sale on good news. Until then,
Yours in investing,