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 I sold my 350 shares of Silicom (SILC) at $13.62. These shares had been purchased 1/28/08 at a cost basis of $13.67. Thus, they just went 'into the red' for me, starting to generate an unrealized loss. Since I had added these shares into my portfolio as a result of a trade (the last position from any trades), and I had already sold these shares once at a profit, my 'trading strategy' directed me to unload these shares once they passed break-even. And I did.
Thus, I am now down to six positions. I shall be sitting on my hands with the proceeds of this trade as it was a sale on 'bad news'. And since I am still above my minimum of 5 positions (but getting close), it is not necessary to replace this holding.
With my own sale of Silicom, I am reducing my rating on the stock:
SILICOM (SILC) IS RATED A HOLD
You might ask why I don't reduce my rating to "sell" since I sold my own shares. Basically, since I sold on a personal technical reason, and not because of any fundamental knowledge that I am aware of, it didn't make sense to change this rating to a sell. However, I always suggest that we all place limits to our positions to reduce the possibility of incurring a large loss. Anyhow, that's my take on this perspective.
Thanks so much for stopping by! If you have any comments or questions, please feel free to leave them on the blog or email me at bobsadviceforstocks@lycos.com .
Yours in investing,
Bob
$13.87 (03/04/08)
