Friday, February 04, 2005

 

Weekly Summary

Up about $4,600 today, which brings this week's winnings to $8,759. My portfolio is now worth $383,421, up 2.3 percent from last Friday. This compares to a 2.7 percent gain in the S&P 500, a 2.5 gain in the NASDAQ, and a 3.9 percent gain in the Russell 2000 . Thus, this marks the second consecutive week that I have underperformed the major indices. However, I have still outperformed the indices by a healthy margin since the beginning of the year.

# posted by Stockcoach @ 8:07 PM
Comments:
How do you do it.. Man, it seems difficult for me. I finally got sick of the loser stocks I was holding and sold off pretty much 1/3 of my portfolio. All at a loss. Hoping to gain some back soon hopefully.

I actually didnt want to get rid of some of them... but I was buying some on margin and wanted no part of that anymore. BBI was not one I wanted to sell. Nor SIRF... oh well.

I used the money to buy E*Trade. Lets see hope that pans out. NVT is coming out with earnings next week as well as SINA. The latter seems to be going up quite a bit last week. I am getting slightly dizzy by this week's erratic motions.

Scott
# posted by Anonymous Anonymous : 9:04 PM, February 04, 2005
 
Cramer's commenting on how now might not be the time to buy and HOLD onto profits. He might take profits sooner than later.

Scott
# posted by Anonymous Anonymous : 9:09 PM, February 04, 2005
 
Oh.. and I screwed up on SLBK.. hmmm. I shorted it but wrong timing I think. It hit my STOP price of $17.55 and it sold. If only I waited some more.. it dropped back down at the end of day.

Maybe I'll watch it with my STOPs next time.
# posted by Anonymous Anonymous : 9:11 PM, February 04, 2005
 
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