wisdomous.com

A few things have happened since i last reported on my market activities

BBT - sold it at $43.50 on Sep. 19 2008 - here for once I made the right move.

BHBC - in August 2008 i bought at $0.90 and sold a week later at $1.61 - i just could not resist.

WM - Washington Mutual got taken over by FDIC and equity was wiped out - that one hurt

LEH - Lehman Brothers was pushed into bankruptcy  and all the equity was wiped out - ouch

NT - Nortel filed for bankruptcy wiping out shareholders - ouch again

BAC - Bank of America shares fell to as low as $3.77 (Feb 5 2009) and they slashed their dividend to a 4 cents (annually)

F - well it is down to around $2, I still have faith in Ford long term, they seem to be the healthiest out of the big three (Ford, GM, Chrysler). I sold F at a loss to book a tax loss. I will re-buy in 30 days as i don’t feel the stock will move much during that time

SIRI - Sirus has merged with XM which is good, but they have a mountain of debt, and in the current environment that’s not something to be taken lightly. I don’t think the stock will go anywhere in the next 30 days so i have sold it for a tax loss and will rebuy in 30 days. I still feel that long term they are a good prospect. Although, satelite telephones never went mainstream.

IRBT -  Irobot is a company that will be huge in the future, they are the leading robotics company and in my opinion robotics will be HUGE in the future. They are a steal (in my opinion) at the current price ($8)

DOW and S&P 500 bothe indexes are good places to putmoney in, I thought the DOW presents value at 10000 and S&P at 1000. As of today (FEB 6 2009) the Dow is at 8250 and S&P is at 850, which in my mind is a steal of a long term investment. Like i said i am spacing my purchases 2 weeks apart and buying on negative days (where the indexes dip)

XLF - In my last update i wrote that despite of the risk i do like financial stocks. Well, after taking a hit on Lehman and WaMu I decided to go a bit safer route. XLF is an Exchange Traded Fund (ETF) that holds all the major financials. I got into it twice: first at $11 and then at $10. As of today it is at $9.62

GE - General Electric is well diversified, plus it hold my favorite TV network: NBC. I got in at $13.01. For now they are sticking with their dividend and they are still making money.

BX - Here i was betting on the “smart money”. I thinkBlackstone’s business is going to thrive once we get past this downturn. Yes, they reported a loss but I still have faith. I got in at $8, today they are sitting at $5.38

Stock	Date Purchased	Price paid	Price as of Today
GE	20-Jan-09	13.01	11.23
BX	6-Nov-08	8.00	5.38
XLF	multiple	10.40	9.62
ETFC	multiple	3.57	1.21
BAC	multiple	32.36	6.21
BLDP	23-Jan-08	4.20	1.19
IRBT	15-Apr-08	17.00	7.99
AMD	12-Feb-07	14.50	2.37
REV	multiple	11.20	4.75
FOGC.PK	multiple	0.07	0.01
BPLT.PK	multiple	0.07	0.01
LEHMQ.PK	18-Sep-08	3.57	0.03
WAMUQ.PK	multiple	3.57	0.03
NRTLQ.PK	6-Jun-06	22.20	0.08
SIRI	16-May-07	2.70	0.18
F	11-Apr-06	7.35	2.00

Tags: BAC, BX, DOW, F, GE, IRBT, S&P 500, SIRI, XLF

This entry was posted on Friday, February 6th, 2009 at 10:30 am and is filed under Investing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.