Bought 100 sh GHS @ $6.77
What changed since January 10, 2008? Stock went up to almost $10, it was overbought, then started to slide down passed my January 10 buy, and went down to another short-term buy signal. So I bought, this is my last buy of GHS. Now is time to let it do the magic.
Book: The 25% Cash Machine
This book promotes an interesting approach on how to profit from high paying dividend stocks. It has a list of stocks you can look at. One issue we had with this book is that toward the end it sounded more like infomercial. Besides that it has points that should definitely be looked at.
Buy it here:
The 25% Cash Machine: Double Digit Income Investing
February 15, 2008
Last week I was on vacation. When I checked the stock and saw what DHI was doing … it did not make me happy. Looking back I should have liquidate my position, I would have been over $1000 up. My DHI is down now to -&700. The reasons I did not sell small position was that I would have to deal with wash sale, witch I hate. And the reason why I did not liquidate my entire position was, that DHI has a potential to go higher.
I have to remind myself: There is always another stock to invest in. I should have sold DHI so I would have more money to invest in AIG, GXP and maybe PNW. Well, only time will tell.
Bought 50 sh GXP @ 27.10
GXP pays $1.66 dividends, which is over 6% at these levels. I bought GXP in 2007 around June, wanted to buy more in July, but had no free money. Now GXP went down to levels of July of 2007. I am planning to hold this one for a longer time. The reasons for selling it would be:
- decrease in dividends
- stock went down under $25
If it goes down under $26 and technicals look good, I might buy more.
Bought 50sh AIG @ $45.56
AIG is down over 35% from its top in June 2007. It has just announced that it had underestimated its losses by about $4 billion. Technically, short and long term stock looks like a OK buy. I am parking my money there if it goes down under $43 I will be selling.
ACLS trade table
I sold it yesterday. Today it jumped up to $5.30. Was it too soon? Hard to say. One day jump of over 20% is too big of a jump.
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| AXCELIS TECH INC (ACLS) | 400 | 1,926.02 | 2,227.33 | -301.31 | ||||||||||
| 02/11/2008 | 05/03/2007 | 100 | 481.51 | 681.85 | -200.34 | |||||||||
| 05/14/2007 | 100 | 481.50 | 646.77 | -165.27 | ||||||||||
| 08/06/2007 | 100 | 481.51 | 479.77 | 1.74 | ||||||||||
| 01/18/2008 | 100 | 481.50 | 418.94 | 62.56 | ||||||||||
| Total | 1,926.02 | 2,227.33 | -301.31 | |||||||||||
Sold 400 sh ACLS at $4.84
The stock went up over 20% in one day based on news that Sumitomo Heavy wants to buy it. They offered over $500M which would be around $5 per share of ACLS. I have waited for almost a year for this baby to pop to $6. Which never happened, so I am selling it with a small loss to raise more capital.
I had to liquidate my position, all shares, otherwise I would be stuck with wash sale.
Bought DELL at $20.01
Remember HP in 2004-2005? Job cuts all CEO problems? I usually do not pay that much attention to this stuff, but I know Michael Dell is back as CEO and they have started saving money. DELL is at the lowest price since July 2006 and it has been going downhill since 2005. It is time for a turnaround.
I must confess, I have always bought DELL PC’s or laptops. There were two exceptions: I bought HP PC for my in-laws, because they did not want to wait 2 weeks for DELL and I bought GATEWAY laptop for my parents, because it was the cheapest one I could find. I am not cheap. I know my mom will never use it, and my dad only uses it to read his newspaper. So buying something for under $500 does the job. I added to it 2GB RAM thou. 
So I bought into DELL. I am using money from ZHNE and some from TOL. Short-term signal is OK, long-term shows buy.
Sold 1000sh ZHNE at $1.06
This was pure speculation on Q4, ZHNE did not surprise. Not in positive, not in negative way. They have been talking about becoming profitable for years now. Last Q as many previous ones did not deliver again. I am leaving my lovly ZHNE with $30 in my pocket. Thanks.
Sold 100 sh TOL
Yes, I sold again. Looks like everyone is buying. This is my third sell of TOL for a loss. IMHO in the short run TOL is overbought, so I want to raise some capital so when a time is right I can buy again. So far my trades in TOL do not look impressive at all:
| 12/27/2007 | 06/07/2007 | 100 | 2,043.01 | 2,759.95 | -716.94 | ||
| 01/25/2008 | 06/19/2007 | 100 | 2,209.03 | 2,662.51 | -453.48 | ||
Someone my ask if selling TOL why not selling DHI? I bought DHI on dip at the begining of January, so if I sell small position I would be hit by wash sale, and if I liquidate my DHI position I would be out of chance to make money in the long run. BTW, I am up over $1000 on DHI as of today. I will post details on DHI later.
Would-have-should-have-could-have: One thing I should have done is buy some LEN or PHM when I bought DHI. Why not TOL? I could not buy more TOL at the time for the same reason I did not sell DHI today - wash sale.
