Hello Friends! Looks like I am back to 24 positions. Digene (DIGE), a stock I LOVE, but is not performing like I would LOVE IT to do, hit an 8% loss in the portfolio. In light of the significant margin, and my insistence on the rules...at least on the downside, I sold it this morning. I sold 120 shares, my entire position, at $35.05. Digene was recently purchased on 12/17/03 at $38.07. Initially this stock was a screamer, and I peeled off 30 shares recently on 1/27/04 with a GAIN of $278.03.
Also today, AAII reported good quarterly result but had apparently some reservations about the upcoming quarter. The stock has dropped about $5 on the day, but I still have about a 60% gain...and have sold this issue several times peeling off profits. I sold ELAB and FIC a bit early I suspect, so will try to see how this trades as the day progresses and try NOT to sell on what appears to be possibly not major news (?). This is ALL a learning process for me as well...should we sell at the first break in price?
If you have any comments or this or anything else on the BLOG, please feel free to post it right here or email me at bobsadviceforstocks@lycos.com
Bob