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Stock Picks Bob's Advice

Thursday, 17 June 2004

"Trading Transparency" IGT

Hello Friends! Well, I was afraid of the second shoe falling....I got away from that big swoon in IGT and it bounced back into the profit column the next day...however, with the mild correction today...there goes IGT, and with it back into the red, I pulled the plug. I sold my remaining 150 shares at $34.45 a few moments ago. These shares were purchased on 11/5/03 with a cost basis of $34.60...so we weren't losing much money at all. However, having sold a portion of this investment at a gain....I sold 50 shares on 3/2/04 at $42.54 for a gain of $397.41....my strategy insists that I move up my sell point...instead of allowing an 8% loss...I move it to break even. And thus I did what I was supposed to do! (What a change!)

If you have any comments, questions, or words of encouragement, please feel free to email me at bobsadviceforstocks@lycos.com

Bob

Posted by bobsadviceforstocks at 9:37 AM CDT | Post Comment | View Comments (1) | Permalink

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Thursday, 17 June 2004 - 6:27 PM CDT

Name: maxx
Home Page: http://thegoldencoast.com/blog/

A disiplined exit strategy is usually the one thing that people overlook or get lax with. Nice job on sticking to your game plan.

GL>
maxx

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