Hello Friends! Well I got a little antsy with my American Medical Devices and sold 50 shares, 1/4 of my position, leaving 150 shares in my trading account at $32.24. For the first sale, I usually have a goal of about 30%. AMMD was purchased on 1/9/04 at a cost of $25.82/share, so I had a gain of $6.42 or 24.9%. This means my next price goal on these shares will be in the region of a 60% gain...when I should be selling another 1/4...or on the downside....if AMMD pulls back to around $25.82...then ideally it should be sold before it hits a loss. Do you follow? In addition, having now sold another portion at a gain this "entitles" me to make a new purchase....adding to the 22 position portfolio as I head towards my goal of 25.
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