Hello Friends! It is absolutely a warm-spell here in Wisconsin....I mean the temperature is at least 38 degrees F and the snow is melting everywhere! Short sleeves weather without a doubt!
It is Saturday and one of the pieces of housekeeping that I like to do is to look back both short-term and relatively long-term to see how my stock picks are doing. This week I am up to the week of December 15, 2003, almost exactly two months ago. During that week, I picked four stocks: Advanced Digital Information (ADIC), iPass (IPAS), Overland Storage (OVRL), and Digene Corp (DIGE).
ADIC was posted here when the stock was trading at $13.96. ADIC closed on 2/20/04 at $12.88 for a loss of $(1.08) or (7.7)%.
iPass was also posted on Bob's Advice on 12/16/03 when it was trading at $16.47. IPAS closed 2/20/04 at $13.08, for a loss of $(3.39) or (20.6)%.
Third, Overland Storage (OVRL) was posted here at the price of $17.889. OVRL closed on 2/20/04 at $18.07 for a gain of $.181 or 1%.
Finally, Digene Corp (DIGE) was posted on this blog on 12/17/03 at a price of $37.99. DIGE closed on 2/20/04 at $37.95 for a loss of $(.04) or (0.1)%.
Averaging these four stocks, we have an average loss of (6.85)%. Pretty mediocre, but that is the cost over the short run of these quickly growing issue...at least THAT is my rationale! :)