The market certainly does NOT like uncertainty. With John Kerry's gracious concession to President Bush this morning, the market has rallied and responded to the certainty of economic policies the next four years.
The "good news" about all of this is that my portfolio has just moved a position to a "sell point" and I sold 75 shares of my Amercan Healthways (AMHC) at $32.76 for net of $2,448.94. This represents 1/4 of my position of 300 shares (leaving 225 shares left) in my "current trading portfolio".
These shares were purchased at $23.53/share on 6/18/04 for a gain of $9.23/share or 39.2%. As you will recall, I use a price target of about 33% for my first sale of a stock and also use the sale of a stock at a gain as a market signal allowing me once again to buy another position...so I am on the lookout and will keep you posted.
Please always remember that I am an amateur investor, so please do your own thorough investigation on all stocks discussed on this website and consult with your professional investment advisors to make sure all of your stock investment decisions are appropriate, timely, and likely to be profitable for you. If you have any questions, comments, or words of encouragement, please feel free to email me at bobsadviceforstocks@lycos.com .
Bob