[an error occurred while processing this directive]
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 #44 - Sell TALK 290s @ $6.29 in Roth IRA



As part of my new year resolution to dig myself out from the dismal 2004 portfolio performance, today I sold my entire holdings of Talk America (Symbol: TALK) in my Roth IRA account.

It has been more than 8 months since I conducted my last trade. If you check out my transaction history, you will find I acquired my 290 shares of TALK about a year ago at $10.36 a piece. Today, I only fetched $6.29. Netting commissions, my net loss is $1,210.

The original reasons I bought TALK was its compelling value story. However, TALK was soon hit hard by the changing regulation dymanics and its stock price has been under pressure since last June. From what I see, I no longer believe TALK will be able to revive from the unfavorable regulation atmosphere, and there is no reason for me to hold onto this falling knife.

My portfolio is still in a shaky mode at best, but it's an important first step to a big cleanup. Keep tuned.

null

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

TRADE #43 - Buy WDMH (QQQ Jan 06 $34 Put) 1000s @ $3.50 in Roth IRA (May 25, 2004)
I'm bottom-fishing again: with today's 2% jump in NASDAQ, I added 10 contracts of WDMH (QQQ Jan 06 $34 Put) at $3.50 into my Roth IRA account. Now that my bearish option plays (below table) are valuing at close to $8,800, I probably will not ... Read
TRADE #42 - Buy MO 50s @ $45.04 in Roth IRA (May 24, 2004)
I bottom-fished 50 shares of Altria Group Inc (MO) today in my Roth IRA portfolio. MO suffered a 9% slide today after an unfavorable judge ruling. 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