You are not tracking bobsadvice.
| Symbol | Sector | Return | Exposure | Trades | Last Trade | Status |
|---|---|---|---|---|---|---|
| BLUD | Medical Equipment | -8.04% | n/a | 2 | 22-Oct-07 | Prior Holding |
22-Oct-07
Immucor passes an (8)% loss and I get 'shaken out'!
Holding Rationale for BLUD.
Looks like volatility took its toll on my portfolio as Immucor dropped past my 8% loss tolerance and I sold my shares. From my blog, Stock Picks Bob's Advice: http://bobsadviceforstocks.tripod.com/bobsadviceforstocks/index.blog?entry_id=1756564 Monday, 22 October 2007 Immucor (BLUD) "Trading Transparency" Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice! As always, please remember that I am an amateur investor, so please remember to consult with your professional investment advisers prior to making any investment decisions based on information on this website. A few moments ago my Immucor (BLUD) stock hit a sale point at an (8)% loss. I sold 154 shares at $34.90. These shares were purchased only a couple of weeks ago, on October 4, 2007, at a cost basis of $38.02. Thus, I had a loss of $(3.12)/share or (8.2)% since purchase. Since this was a sale on "bad news", meaning a loss, I shall not be reinvesting the proceeds, but instead moving this towards cash (and actually paying down the margin a bit). I shall be waiting for a sale on "good news" to be adding a replacement to my portfolio. I am now down to 14 positions, under my maximum of 20 and well above my minimum of 5 positions. Hopefully, this system of 'listening to my own holdings' and moving towards cash makes sense at this time. As my stocks drop in price, I feel as if I am really the amateur investor that I talk about non-stop. But I am glad that I have some sort of disciplined approach to deal with all of this. I know that in the past I would have been over-reacting with each swing of the market. Time will tell how successful I am in this strategy; wish me luck. With this sale of my own position of Immucor, I shall be reducing the rating on the stock: IMMUCOR (BLUD) IS RATED A HOLD I am as guilty as the analyst who writes hold and means sell. I do this because my sale is not based on anything fundamentally wrong with the stock. It is simply that my timing wasn't good. Thus, if you don't have a loss in the stock, I indeed would otherwise be recommending a "hold". If you have any comments or questions, please feel free to leave them on the blog or email me at bobsadviceforstocks@lycos.com. Bob
Tagged Stocks: BLUD
Posted at 10:11 in Holding Rationales | Permalink | Top
Come into my Tradin...
SimpleNoRisk
Beaten down MLP
Constellation Energy Partners IPO'd at the end of 2006 and i...
mitch
RRC
SELL RRC, Range Resources Corp. (NYSE) SHORT, RRC WILL DROP ...
joeserra
Credit card offers
All credit cards come in many shapes, colors and sizes. They...
GirishLaikhra
Categories
Holding Tags
Watchlist Tags
Other Stock Tags
Archives
0 Comments on "Immucor passes an (8)% loss an..."
You must be logged in to post a comment.
Top