PFBlog logo

My Personal Finance Journey

Personal finance observation, musing and decisions in a journey toward financial independence by 36 with at least $1 million.

  Home | Feed: feed-icon.gif | About | Progress: June 07: $756,924 | Best of PFBlog | Product Reviews | PFBlog Digest | Disclaimer | Advertise | Contact Me

TRADE #20 - Buy S 200s @ $20.01 in Datek (Backlog for November 13, 2002)



[This is a backlog for a previous trading transaction. It may not fully represent my thinking at the time of the trading.]

This is the first time I made two trades in a single day. I purchases another 200 shares of Sears at $20.01 each.

After a short climb, S declined to $20 amid more uncertainties in its credit card business. Seeing my position to be haircut by 20% is not good experience, but at $20 per share the stock is even more attractive now. I firmly believe nothing has been changed after my last purchase around 2 months ago. And as the P/E is now at 5 times and dividend yield 4.6%, I am more confident that I can benefit if I buy more.

After this purchase, Sears becomes my largest holding with 32.5% of my portfolio value. I understand I'm not diversified enough, but Sears is such a great value buy to me.

null

What do you think of this post? Be the first to share your opinions.
Similar Posts

TRADE #22 - Buy FB 100s @ $34.74 in Roth IRA (January 13, 2003)
I bought 100 shares of FB (FBR Asset Investment Corp) @ $34.74 with a commission of $14.95 in Fidelity Roth IRA account I just funded. This is my first established position in my Roth IRA account and I have high expectations for it. Read
TRADE #21 - Sell MTG 100s @ 43.10 in Datek (Backlog for December 4, 2002) (January 05, 2003)
[This is a backlog for a previous trading transaction. It may not fully represent my thinking at the time of the trading.] I sold my 100 shares of MTG today at $43.10, claiming a small profit of 9% or $338. The ARR is impressive for ... Read
TRADE #19 - Buy MTG 100s @ $39.50 in Datek (Backlog for November 13, 2002) (January 05, 2003)
[This is a backlog for a previous trading transaction. It may not fully represent my thinking at the time of the trading.] I bought 100 shares of MTG at $39.50 each. The company is a major player in Private Mortgage Insurance (PMI) business. What appeals ... Read
TRADE #18 - Sell MSFT 30s @ $28.50 in Datek (Backlog for November 4, 2002) (January 05, 2003)
[This is a backlog for a previous trading transaction. It may not fully represent my thinking at the time of the trading.] I sold my remaining 30 shares of MSFT in my Datek account for $28.50 each. I believe it's time to sell these memories ... Read

Read all 44 articles in the same category.
Comments
Add Your Comments









Remember personal information?







Mail This Post
Email addresses will never be collected or sold.
Email this entry to:

Your email address:

Message (optional):




Read More ... 44 Posts In The Same Category

PREMIUM SPONSORS

Car Loans
Dallas Bankruptcy Attorney
Personal Loans
Car Finance
Homeowner Loans
Cheap Car Insurance
Mortgages UK & CCJ Mortgage
Used Cars
Loans
Commercial Mortgages and Business Loans
Guaranteed Car Finance
Payday Loan
Personal Loan
Student Loan Consolidation.com
Secured Loans
Bad Credit Loans - Free Quote