Friday, September 08, 2006
Weekly Summary: Not a good week
Well, I guess it was inevitable that I would have to take out "Big Red" #ff0000 to update the weekly results for the blog. It was not a good week to say the least, with the portfolio losing 1.7 percent of it's value.
The only transaction of significance this week was my sale of ACY. I've been holding this stock for over a year and it's almost doubled since then. The stock is still trading way below tangible book, but the company has lots of debt, and with interest rates going up, I was not to keen to hold this stock and risk watching my gains evaporate.
EWEB continues to be my "stockus horribilis" as the Her Royal Majesty might say. I guess it's times like these that I am glad I have a ironclad rule against having any one position worth more than 5 percent of my portfolio. Yeah, I feel stupid having first bought the stock when it was in the high 3's, but that's just the way it is. I still think there's a good chance I'll be vindicated. Have a great weekend everyone!
The only transaction of significance this week was my sale of ACY. I've been holding this stock for over a year and it's almost doubled since then. The stock is still trading way below tangible book, but the company has lots of debt, and with interest rates going up, I was not to keen to hold this stock and risk watching my gains evaporate.
EWEB continues to be my "stockus horribilis" as the Her Royal Majesty might say. I guess it's times like these that I am glad I have a ironclad rule against having any one position worth more than 5 percent of my portfolio. Yeah, I feel stupid having first bought the stock when it was in the high 3's, but that's just the way it is. I still think there's a good chance I'll be vindicated. Have a great weekend everyone!
# posted by Stockcoach @ 5:18 PM 
Comments:
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EWEB stop loss orders hit. New lows, then recovered. Let's see if a recovery follows.
-Jay
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-Jay
# posted by 
: 3:08 PM, September 11, 2006
: 3:08 PM, September 11, 2006 << Home
