It is now Day one and here is where the stocks sit:
1) AMD - 400 shares - $8536.00 purchased 12/5/6 at $21.34 per share. Current price $21.53
The AMD shares went from $21.34 on purchase to $21.53. This is a gain of $0.19 per share which results in a net gain of $76 over one day.
2) T - 300 shares - $10404 purchased 12/5/6 at $34.68 per share. Current price $34.78
The AT&T shares went from $34.68 on purchase to $34.78. This is a gain of $0.10 per share which results in a net gain of $30 over one day.
3) YHOO - 38 shares - $1042.34 purchased 12/5/6 at $27.43 per share Current price $26.86
The Yahoo shares went from $27.43 on purchase to $26.86. This is a loss of $0.57 per share! Which results in a net loss of $21.66 over one day!
I took a hammering on those Yahoo stocks!
The value of my portfolio now stands at: $20,044.34 (don't forget the cash I did not spend: $17.66) which means I have gained $44.34 in one day. This is a one day percentage gain of 0.2217%. Nope, can't quit the day job at this rate!
I still think both AT&T and AMD will continue to climb. Yahoo may drop some more before it rises but I'm not entirely sure about it.
Looking back over the last year I can see that the price of Yahoo shares is closer to it's 52 week low ($22.65) than to it's 52 week high ($43.66) it is also clear that the stock price flunctuates a lot over the course of a week, this stock may be influenced by day trading more than the other two stocks I have chosen.
I'll continue to watch the Yahoo stock and if it goes a dollar or more over the purchase price I may drop it and buy it back after it dips again.
As for the stocks I chose not to purchase:
Intel: start price on 12/5/6 $21.12, price on 12/6/6 $20.90 for a loss of $0.22 per share.
Verizon: start price on 12/5/6 $34.58 price on 12/6/6 $34.95 for a gain of $0.37 per share.
Google: start price on 12/5/6 $487.00 price on 12/6/6 $488.71 for a gain of $1.71 per share.
I'm glad I did not buy the Intel shares. Verizon did very well over the span of one day, but can it hold on? As for Google... It may have made the most on a per share basis but, with such a high share price, it did not make enough to make it worth buying. I could have purchased 14 shares of Verizon for the price of one share of Google resulting in a gain of $5.18 for the same investment!
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!