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.
In the midst of the wild gyrations of the market today, my Lowe's shares hit a sale point on the downside exceeding an 8% loss, which is my loss limit for a new purchase. My 111 shares of Lowe's (LOW) which were just purchased 4/23/10 at a price of $28.1568, were sold today (5/6/10) at a price of $25.714. This represented a loss of $(2.4428)/share or (8.7)% since purchase in the brief period of only two weeks!
I do not second-guess my stocks after a purchase. I believe in the long-term potential of an investment in Lowe's and would like to believe that I can find the opportunity to re-invest with the purchase of shares. But meanwhile, I choose to manage my investments both big and small with the perspective that my efforts somehow mean something--that they can add value to an investment portfolio by assisting in the movement into and out of the market.
With the sale of Lowe's at a loss, this represented a "bad news" sale for me and the proceeds of the sale are left in 'cash' awaiting a "good news" signal so that I can utilize this cash for another position purchase. Good news signals, as I have explained previously, represent partial sales of the holdings within my portfolio as they hopefully reach appreciation targets.
I hope that tomorrow's activity is a bit more rational than today's as the volatility will scare away small and large investors alike who shall be looking into investing in possibly more stable investments like Federal Bonds or into more exotic investments like gold. I shall keep you posted.
Yours in investing,