Trading Amazon Stock - Sold AMZN for a quick gain after Circuit City news
- 3/18 How Much I Lost
- 3/17 Sold SYMC
- 3/16 Sold GM
- 3/15 Sold MU
- 3/14 Bought GM
- 3/11 Sold IOM
- 3/10 Bought MU
- 3/9 Bought SYMC
- 3/8 Bought IOM
- 3/7 Sold WDC and MU
- 3/4 Bought WDC
- 3/3 Sold ELN and CRNT
- 3/2 Sold RSH
- 3/1 Sold AMZN
- 2/28 Bought ELN
- 2/25 Sold ATI
- 2/24 Bought AMZN
- 2/23 Bought CRNT
- 2/22 Bought ATYT
- 2/18 Bought AMD
- 2/17 Bought RSH
- 2/16 Sold SKE
- 2/15 Bought SKE
- 2/14 Bought MU
- Hardware Stocks
- Software Stocks
- Israeli Stocks
Copyright 2005 by Morris Rosenthal
All Rights Reserved
Sold my 100 shares of AMZN at $35.37 for a $140 gain (after $10 for the round trip trade). I never really planned on holding the AMZN shares long, and today Circuit City announced that they would be focusing on their own website, ending a relationship I never even noticed. Maybe that's why Amazon bounced back from a dip down under $34.85 on both sides of lunch to close 50 cents higher. In the end, part of the reason I sold out of Amazon is I had to sell something, only $1,780 in cash left to trade with. If AMZN shares drop back under $34 again, I'll buy again, but I'm not inclined to buy them going up.
My "buy the collapsing pharma stock" strategy yesterday didn't work out too well, closed down around 5% below where I bought it, and 20% below where I coulda, shoulda, woulda sold. Some brokerage firms have upgraded Elan today, so maybe I'll get back to break-even if I hold out. I suspect in the mid-term Elan will recover at least a few dollars, but I don't want to hold it long. I should have sold out today when it got over my purchase price by a couple cents, if it doesn't go up Wednesday, it's gone. The $55 in trading costs I've accumulated so far put me behind the S&P today by $11, though I'm still beating the DOW and the NASDAQ 100.
| Symbol/Index | # Shares or Cash | Purchase Price | Day High | Day Low | Today's Change | Closing Price | Closing Value |
| MU | 500 | $11.54 | $11.62 | $11.36 | -0.02 | $11.48 | $5,740 |
| RSH | 100 | $30.14 | $29.94 | $29.48 | +0.21 | $29.77 | $2,977 |
| AMD | 200 | $17.13 | $17.99 | $17.61 | +0.51 | $17.96 | $3,592 |
| CRNT | 1000 | $5.00 | $5.19 | $5.02 | +0.11 | $5.10 | $5,100 |
| ELN | 300 | $8.45 | $8.50 | $7.80 | -0.03 | $7.97 | $2,391 |
| Portfolio1 | $5,314 | N/A | $25,114 | ||||
| Dow Jones (DIA) | 230.251 | $108.45 | $108.49 | $107.76 | +0.53 | $108.23 | $24,959 |
| S&P 500 (SPY) | 206.254 | $121.21 | $121.52 | $120.78 | +0.69 | $121.32 | $25,023 |
| Nasdaq (QQQQ) | 658.241 | $37.98 | $37.70 | $37.30 | +0.41 | $37.63 | $24,770 |
1Portfolio balance is after all trading costs in SEP brokerage account with BrownCo