Trading Radio Shack Stock - Sold RSH for a lodd on continued weakness
- 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 RSH at $29.48, oddly enough, yesterday's low, and $0.66 less than I paid. The Radio Shack related news on the day was the estimate (maybe published by Gartner) that handset sales would only see single digit growth this year. Alan Greenspan speaking today, and while he hasn't really moved the markets in a while, but I'm thinking today might be different. "We will be in a state of stagnation." Greenspan pointed out the obvious, that if government spending isn't curtailed, interest rates will rise, the debt cost for the government will rise and they will be forced to cut (or raise taxes), leading to stagnation. As to the consequences of doing nothing, Greenspan said, "I'd just as soon not have to contemplate that." Lucky him, he's old already. I saw Rambus trading down in pre-market, turns out a judge dismissed their patent suit against Infineon, a major MU competitor.. Waiting for Micron to report one of these days and set the tone for that stock for the next month, or longer than my horizon here. They've beat expectations pretty regularly lately, but it hasn't helped the share price any so I'm not sure what to hope for. Also hoping that Elan volume will come down and the price go up a little so I can get out even - learned my lesson.
The other story of the day was oil. The markets rallied in the morning as Greenspan told the COngress in no uncertain terms that if they didn't fix Medicare in the next few years, it would suck the assets of the country dry. It's not a question of the government paying bills, they can always print more money, but that doesn't help the rest of us. The market liked this tough talk, but oil rallied in the afternoon to over $53/barrel and the market tanked. Note how far under their day high's all the stocks and indexes closed..
NASDAQ opened way down, was cursing myself for not selling out all my positions yesterday, but shares have rebounded nicely and I'm trying to decide between selling my AMD or RSH before the close. Don't feel like buying today, and I want to generate cash to take bigger positions in lower cost stocks.
| Symbol/Index | # Shares or Cash | Purchase Price | Day High | Day Low | Today's Change | Closing Price | Closing Value |
| MU | 500 | $11.54 | $11.48 | $11.20 | -0.06 | $11.42 | $5,710 |
| AMD | 200 | $17.13 | $18.02 | $17.45 | -0.31 | $17.65 | $3,530 |
| CRNT | 1000 | $5.00 | $5.18 | $5.02 | -0.05 | $5.05 | $5,050 |
| ELN | 300 | $8.45 | $8.20 | $7.87 | -0.03 | $7.94 | $2,384 |
| Portfolio1 | $8,257 | N/A | $24,931 | ||||
| Dow Jones (DIA) | 230.251 | $108.45 | $108.69 | $107.74 | -0.16 | $108.07 | $24,912 |
| S&P 500 (SPY) | 206.254 | $121.21 | $121.93 | $120.65 | -0.06 | $121.17 | $24,991 |
| Nasdaq (QQQQ) | 658.241 | $37.98 | $38.02 | $37.36 | -0.02 | $37.61 | $24,756 |
1Portfolio balance is after all trading costs in SEP brokerage account with BrownCo