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Notes on tech

Notes on technology, business, enterpreneurship, economy, markets along with interesting general tidbits.

Unpredictable market

1/06/2006 11:16:00 AM, posted by anand

I've been investing in the US stock market since over 5 years now. The individual stocks that I hold in my portfolio usually just stay put at the same price as I bought them. Then as soon as I sell the stock, there comes up a story about the company and the share price shoots skywards. Case in point, AMD. I bought AMD when everyone was distressed by their earnings report. I bought it for 14 and sold it for 17. And now the stock sits at 30+.

I bought Sun Microsystems originally for 8 bucks and then bought some more for around 3.10. It traded between 3.50 and 4.50 for about 2-3 years. And now when I sell it for 4.10, the price moves up to 4.75. Not a big deal, but just proves my point.

HPQ dabbled around 18 - 22 bucks for about 3 years and then seeing it go nowhere, I sold it for around 20 bucks. A new CEO walks in and the share price touches $30.

TWX just glued to the $17 figure for so long that it got boring. I've sold it and now waiting for it to go up as well :-)

I bought Yahoo for 28 and sold it for 30. Now the stock sits at 43.45.

Maybe, I bail too early on the stocks. I should hang on a bit longer.
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