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Thursday, 8 April 2004
"Trading Transparency" SCHN
Hello Friends! Well you know I hate to tell you these things, but I just sold my Schnitzer Steel (SCHN) at $34.41. No there was nothing WRONG with this stock, but it hit my 8% loss limit (which I manually keep) and out it went! I sold the shares at $34.41 a few moments ago. I had purchased the shares on 4/2/04 for a cost basis of $37.44/share. Thus, I had a loss of $(3.03)/share or (8.1)%. Easy come, easy go I guess.

The toughest part for ME after selling at a loss, is that I need to WAIT for a portion of my holdings that I can sell at a GAIN before adding another position. Sigh. Oh well.

Thanks so much for stopping by! Remember to always do your own due diligence on all of these stocks discussed and talk to your investment advisors!

Bob


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