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| Symbol | Sector | Return | Exposure | Trades | Last Trade | Status |
|---|---|---|---|---|---|---|
| MLAB | Electronic Equipment | -4.93% | n/a | 1 | 14-Aug-07 | Prior Holding |
14-Aug-07
MLAB is sold as the market corrects
Holding Rationale for MLAB.
From Stock Picks Bob's Advice http://bobsadviceforstocks.tripod.com/bobsadviceforstocks/index.blog?entry_id=1734779 Tuesday, 14 August 2007 Mesa Laboratories (MLAB) "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, upon checking my holdings, I saw that my Mesa Labs (MLAB) stock had plummeted and passed my (8)% loss limit. In fact, MLAB, as I write, is trading at $21.38/share, down $(3.37) or (13.62)% on the day. I sold 210 shares at $22.20 which were purchased 5/23/07 at a cost basis of $24.05. Thus, I had a loss of $(1.85) or (7.7)% on the purchase. Ironically, when I entered the sale order the stock had a greater than (8)% loss and by the time the order was filled it had rebounded a few cents to be sold just under this. Anyhow, that stock is now history and I shall be 'sitting on my hands' with the proceeds as the market corrects and my own portfolio tells me it isn't a good time to be buying anything! Ironically, on August 13, 2007, MLAB reported solid 1st quarter results as far as I can tell. Sales climbed 17% to $4.3 million from $3.7 million and net income grew 28% to $1.01 million up from $790,000 or $.31/diluted share, up from $.25/diluted share last year. In spite of the good earnings, in light of my own sale, I have reduced my rating on MLAB and MESA LABORATORIES (MLAB) IS RATED A HOLD Thanks so much for stopping by and visiting! 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: MLAB
Posted at 08:06 in Holding Rationales | Permalink | Top
Rationale for MLAB
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