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Stock Picks Bob's Advice

Wednesday, 28 April 2004

"Trading Transparency" MMSI

Hello Friends! Thanks so much for stopping by! Remember to do your own investigation of all stocks discussed on this website and consult with your investment advisor to make sure investment decisions are timely and appropriate for you!

I have been watching my Merit Medical Systems (MMSI) give back the gains we had accrued the past year. Latest earnings were just fine IMHO, but the stock price continued to drop. Moving into the loss area this morning, I sold my 200 shares at $16.48. These shares were acquired 9/8/03 at $17.49, so I had a loss of $(1.01)/share or (5.8)%. This is BEFORE I hit an 8% loss, and would rather not have had ANY loss on this one as we had already taken a profit. I actually sold 50 shares of an original 250 share purchase on 11/24/03, with a $276.93 gain, so overall we are about even on that one.

Anyhow, I do not hang onto stocks that are declining in price! Thanks again for stopping by. If you have any questions, comments, or words of encouragement, please feel free to email me at bobsadviceforstocks@lycos.com

Bob

Posted by bobsadviceforstocks at 11:59 AM CDT | Post Comment | Permalink

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