Hello Friends! Well the market started out strong and is now back in the red. Seems like the story of my life! Anyway, I really do NOT like these stocks under $10 when I have a tight 8% stop. To make a long story short, my Micronetics stock (NOIZ) dropped a little more today and got into a bit more than an 8% loss. So I pulled the plug on the 400 shares of NOIZ in my trading account at $8.62. I had just picked up the 400 shares on 6/2/04 at a cost of $9.42...so with an $.80/share loss was able to hit 8%! In fact, that was an 8.5% loss. Well, rules are rules I gues....so back to 23 positions....heading for 25 I hope. Will WAIT until I have now SOLD another portion at a GAIN before going back to 24. At least that's my PLAN. Thanks so much for stopping by! Please remember to use your professional investment advisors before acting on any investment mentioned on this website!
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Posted by bobsadviceforstocks at 1:55 PM CDT | Post Comment | Permalink