Saturday, July 31, 2004

The sold list

I promised earlier that i would be listing all my sells todate. Here it is:

Name Buy Sell %profit
---------------------------------------------
Ace Cash Express 13.5 31.81 130.3
Amdocs 22.5 28.5 23.12
Ameritrade 7.4 15.3 97
Andrx
Apple
Ask Jeeves 19 40.1 96.8
Aspect Comm. 3.79 15.22 292
Avaya 6.9 17.4 140
Brinks 16 30.7 85
Cal. Micro Devices 3.0 13.9 331.41
Career Colleges 38 66 74
Elan
Ford 10.9 15.4 43
Fuel Cell 10.5 17.2 53.5
InterParfums 9 30.86 223
KForce 3.65 9 136.1
Midway Games
Overstock.com
Pan Am. Silver 6.96 16.97 122.54
Red Hat 8.5 18.4 113
Starbucks 24 46 84
Tractor Supply Co.
TransWorld Ent. 3.7 9.6 150
XM Satellite Radio 12.8 25.5 98
Zixit 4.58 12.5 157
Zoltek 2.8 8.2 188

In a lot of these cases i sold since the stock moved up much faster than i expected. Most of them did trace back over the last few weeks. Some have in fact reached a stage where they are worth buying again. Given that these were long term holdings, and some have stayed with me more than a year, there is substantial tax savings too!

WARNING : there is bias towards profitable sells in this list! The whole point of this long-term strategy is not to sell something at a loss even if it is about to apply for bankrupty - the pain felt should help me refine my future picks. In addition, there is also a bias towards seeing outsized gains above - again for the same reason - something that has moved too fast, party because of the so-called "momentum" crowd, is out.

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