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.

I recently shared with you my decision to make a purchase of 150 shares of Haemonetics (HAE) as a "trade".  This was in addition to my holding of 50 shares of the stock as more of an "investment".   This is outside of my regular strategy of timing stock purchases and sales based on internal signals from my own account, and the sizing of such positions again based on the other position size.  In fact, with the purchase of these shares, my Haemonetics (HAE) holding represented approximately 50% of my entire portfolio!

The stock fortunately moved as I had hoped it would, undoing the apparently irrational price plunge in the midst of a fairly good earnings report.   Wanting to stay within my own trading strategy, I undid that purchase and sold my 150 shares a few moments ago at $51.5252 (5/8/09).  Thus, having purchased these shares on 5/4/09 at a cost basis of $48.5968, this represented a gain of $2.93 or 6.02% on this particular purchase.  While seeming like a small move to make such a sale and purchase, I again acted with my brain and not my gut to close out this 'trade' that wasn't consistent with my underlying core trading strategy.

I shall continue to reserve the right to make such trades within my account even as I try to methodically manage my holdings.

Thank you for taking the time to visit my blog!  If you have any comments or questions, please leave them right here or email me at bobsadviceforstocks@lycos.com.

Yours in investing,

Bob