It is now Day two and here is where the stocks sit:
1) AMD - 400 shares - $8536.00 purchased 12/5/6 at $21.34 per share. Current price $21.05
The AMD shares went from $21.34 on purchase to $21.05. This is a loss of $0.29 per share which results in a net loss of $116.
2) T - 300 shares - $10404 purchased 12/5/6 at $34.68 per share. Current price $34.63
The AT&T shares went from $34.68 on purchase to $34.63. This is a loss of $0.05 per share which results in a net loss of $15.
3) YHOO - 38 shares - $1042.34 purchased 12/5/6 at $27.43 per share Current price $26.63
The Yahoo shares went from $27.43 on purchase to $26.63. This is a loss of $0.80 per share! Which results in a net loss of $30.40.
All of the stocks in my portfolio went down yesterday. All of the gains I had made, as small as they were, have been wiped out!
The value of my portfolio now stands at: $19,954.60 (don't forget the cash I did not spend: $17.66) which means I have lost $45.40. I lost about double what I had made yesterday!
As for the stocks I chose not to purchase:
Intel: start price on 12/5/6 $21.12, price on 12/6/6 $20.65 for a loss of $0.47 per share.
Verizon: start price on 12/5/6 $34.58 price on 12/6/6 $34.90 for a gain of $0.32 per share.
Google: start price on 12/5/6 $487.00 price on 12/6/6 $482.64 for a loss of $4.36 per share.
It looks like it was a rough day for all the stocks I am following. Verizon did manage to stay above it's start price but it did lose some ground.
I'm going to start doing some research into penny stocks. That $17.66 could buy a lot of penny stocks. Penny stocks can be very lucrative but many of them never go anywhere.
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!