Trading Symantec Stock - Sold SYMC for a loss on circuit breaker

Losing Money

Copyright 2005 by Morris Rosenthal

All Rights Reserved

Thursday, March 15th, 2005

Curious to see if GM recovers at all today - dead cat bounce. Watching with amusement as Tivo slides back down, there's a stock that was heavily speculated on due to news. Fighting the impulse to buy MU again before their report next week and waiting for a chance to get back into Ceragon for around $5.00 - may pick some up anyway since I don't mind owning it for the longer run. Then I remembered I had to sell my Symantec under the 5% rule - really a coin flip since AMD is down too far as well. Sold out of SYMC at $20.23, bought at $21.19, so a $106 loss with round trip trading costs. Compared to the rest of the week, it looks like a real bargain. I don't even remember why I bought SYMC at this point, something about a new computer worm out on the web, I think.

Starting Portfolio Cash on 2/14/2005 was $25,000
Symbol/Index # Shares or Cash Purchase Price Day High Day Low Today's Change Closing Price Closing Value
AMD 200 $17.13 $16.24 $16.03 +0.09 $16.12 $3,224
Portfolio1 $20,110 N/A $23.334
Dow Jones (DIA) 230.251 $108.48 $106.68 $106.04 -0.06 $106.29 $24,502
S&P 500 (SPY) 206.254 $121.21 $119.74 $118.98 +0.24 $119.36 $24,618
Nasdaq (QQQQ) 658.241 $37.98 $36.89 $36.54 +0.09 $36.71 $24,164

1Portfolio balance is after all trading costs in SEP brokerage account with BrownCo

Losing Money | Israeli Stocks | Hardware Stocks | Software Stocks