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I posted just five stocks on the week of October 13th: International Game Technology (IGT) at $30.17 on 10/13/03, aQuantive (AQNT) at $13.34 on 10/14/03, BioLase (BLTI) at $13.47 on 10/14/03, Pharmaceutical Product Development (PPDI) at $29.16 on 10/16/03 (PPDI and IGT are the only stocks of the group that I purchased and which I still own shares), and Image Sensing Systems (ISNS) at $10.00 on 10/17/03.
IGT closed Friday, 12/5/03, at $34.10 for a gain of $3.93 or 13%. AQNT closed Friday at $9.96 for a loss of ($3.38) or (25.3%). BLTI closed Friday at $12.68 for a loss of ($.79) or (5.9%). PPDI closed Friday at $29.94 for a gain of $.78 or 2.7%. Finally, ISNS closed Friday at $10.40 for a gain of $.40 or 4%.
Averaging the group, we find that we had an average LOSS of (2.3%) during the past 7 weeks on these five stocks. Not an exciting performance, but we will continue to call them as they turn out. It will be interesting to see how they do long turn, and it does help to hold losses to 8% which would have been a great help if we had stopped out of AQNT at (8%) instead of (25.3%)!
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Posted by bobsadviceforstocks at 10:05 PM CST | Post Comment | Permalink