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 350 shares of Silicom (SILC) at $13.62. These shares had been purchased 1/28/08 at a cost basis of $13.67. Thus, they just went 'into the red' for me, starting to generate an unrealized loss. Since I had added these shares into my portfolio as a result of a trade (the last position from any trades), and I had already sold these shares once at a profit, my 'trading strategy' directed me to unload these shares once they passed break-even. And I did.
Thus, I am now down to six positions. I shall be sitting on my hands with the proceeds of this trade as it was a sale on 'bad news'. And since I am still above my minimum of 5 positions (but getting close), it is not necessary to replace this holding.
With my own sale of Silicom, I am reducing my rating on the stock:
SILICOM (SILC) IS RATED A HOLD
You might ask why I don't reduce my rating to "sell" since I sold my own shares. Basically, since I sold on a personal technical reason, and not because of any fundamental knowledge that I am aware of, it didn't make sense to change this rating to a sell. However, I always suggest that we all place limits to our positions to reduce the possibility of incurring a large loss. Anyhow, that's my take on this perspective.
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Yours in investing,