Opsware Shows Signs of Life
The company ended up with more cash laying around than they estimated; therefore, they decided to take five million of the extra cash and start buying back some of the company's stock. These actions are usually considered postitive actions.
On 10 October 2002 I wrote the following.
Investing in America. On 10 October 2002, I only had $100 of cash in my stock trading account; therefore, I purchased 100 shares of Opsware for a total cost of $65.16. If I sold right now, then I'd only get about 40 cents a share (i.e. I've lost $25.00). Sadly, transaction costs are high when you are a small investor.Today, 21 November 2002, Opsware stock is trading at $1.70 per share. If I sold right now, then I'd receive $163 ($170 minus $7 transaction fee; the transaction fee is less when dealing with stocks priced above $1) for a total gain of almost $98 over the span of six weeks. [I am holding.]
Damn Amazon.com
On 24 December 2001 I purchased 100 shares of Amazon.com for a cost of $9.68 per share. I've never been happy owning these shares, but on 21 November 2002, AMZN is trading at $23.50. On paper, my $968 investment in Amazon.com is currently worth $2,350. [I am holding.]
More Marimba Please
I just got done purchasing 350 shares of Marimba at $1.40 per share.
Marimba is not an actively traded stock. If small high-tech stocks continue to rise, then buying can filter down to companies like Marimba.
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