Abaxis (ABAX) and Movado Group (MOV) (ABAX, rated BUY)
Posted on December 11, 2007 at 03:00 AM EST
Earlier today I noticed that my Abaxis stock was closing in on my first targeted appreciation point--a 30% gain--and I sold 1/7th of my position or 30 out of my 210 shares at $36.74. This left me 180 shares in my trading account. I had purchased these shares just 6 weeks ago (!) at a cost basis of $28.29. Thus, I had a gain of $8.45 or 29.9% since purchase. ABAXIS (ABAX) IS RATED A BUY