
Hello Friends! It has been a couple of weeks since I looked back at some past picks. I don't know about you, but my life sure gets busier and busier! O.K. so that ISN'T a very good excuse...well anyway, I am glad I am back on track for now. What I do in these reviews, if you are new to this website, is try to assess how selections that I posted here on Stock Picks Bob's Advice have performed about a year later. I like to look at selections at a week at a time. This week, I am up to the week of September 1, 2003, about 13 months ago. As always, please remember that I am an amateur investor, so please consult with your professional investment advisors prior to making any investment decisions based on information on this website. And as I sometimes like to add, past performance, both good and bad, is no guarantee of future performance!

On July 28, 2004, SOHU reported 2nd quarter 2004 results. They reported that revenues jumped 41% from the prior year to $27.3 million. Net income for the quarter came in $9.9 million or $.25/share compared with $7.5 million or $.19/share the prior year. In the same announcement, SOHU cut guidance to $28.1 to $29.1 million, with net income between $.23 and $.25/diluted share. They are thus predicting a sequential drop in net income. The "street" didn't like this report and the stock corrected.

On September 9, 2004, TTWO announced 3rd quarter 2004 results. For the third quarter ended July 31, 2004, sales grew 6% to $160.9 million from $152.1 million the prior year. However, the company lost $(14.4) million or $(.32)/share compared with a profit of $5.7 million or $.13/share in the year-ago period. This even exceeded First call estimates for a loss of $(.30)/share. Not exactly stellar results!

So how did we do that week? Well in one word, AWFUL. This is one of the few weeks I can recall when ALL of the stock picks came in with losses. For the three stocks the average loss was (23.1)%. This only shows you the importance of having a loss limit in your strategy. As I have said many a time, I hold my stocks to an 8% loss and then out they go!
Thanks so much 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 5:44 PM CDT
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Updated: Sunday, 10 October 2004 9:52 PM CDT
Updated: Sunday, 10 October 2004 9:52 PM CDT