It is now Day six and here is where the stocks sit:
1) INTC - 405 shares - $8444.25 purchased 12/11/6 at $20.84 per share. Current price $20.92
The INTC shares went from $20.84 on purchase to $20.92. This is a gain of $0.08 per share which results in a net gain of $32.40.
Sadly (for me) AMD shares have already hit a high of $23 today. I sold mine a few days ago for $21.09 at a loss of $100. If I had kept them and sold at $23 I would not have lost the $100 but instead would have made $664! The stock market is all about timing. I was betting on the AMD/Nvidia price fixing issue to last a few more days but some other good news about the ATI merger came out and the stock jumped.
2) T - 300 shares - $10404 purchased 12/5/6 at $34.68 per share. Current price $35.62
The AT&T shares went from $34.68 on purchase to $35.62. This is a gain of $0.87 per share which results in a net gain of $282.
I'm still aiming to sell at $36 and buy back at $35.50.
3) YHOO - 38 shares - $1042.34 purchased 12/5/6 at $27.43 per share Current price $26.97
The Yahoo shares went from $27.43 on purchase to $26.97. This is a loss of $0.46 per share! Which results in a net loss of $17.48.
Yahoo is slowly crawling out of the whole it fell into after I purchased it. I expect it to continue crawling out of this whole!
4) IQWB - 58 shares - $9.28 purchased 12/11/6 at $0.16 per share Current price $0.10
The IQWB shares went from $0.16 on purchase to $0.15. This is a loss of $0.01 per share which results in a net loss of $0.58.
I'm still planning to sell this one once it hits $0.20 again!
The value of my portfolio now stands at: $20192.26 which means I have made $192.26.
I guess I should not have bailed on AMD stock the way I did, or I should have stuck with my original plan of buying AMD stock after it fell a few more points! Wednesday would have been the optimal time to buy back the AMD stock as it closed at $20.17!
If I had purchased the stock back at $20.17 I would have been able to buy 419 shares and to then sell them at $23 I would have made $1185.77! It's all about timing...
DISCLAIMER: I am not a stock market analyst. Following the suggestions in this series of articles is done at your own risk. The buying and selling of these stocks, in regards to this series of articles, is entirely hypothetical as no money ever changes hands. Before you invest in any stocks or bonds please take some time to talk to someone who knows more about the market than I do!