The front-page of the Thursday, 27 May 2004, Arizona Republic had a headline warning us that the U.S. may be under terrorist attach sometime this summer. How will the stock market react?
[Friday, 28 May 2004] The company has decided to liquidate itself; therefore, we closed out our position.SOLD EPRE 4.04 05/28/2004 [+ 9%] 200, 3.20, Buy, 02/12/2004, [3 months] [+26.3%] 200, 3.60, Buy, 02/05/2004, [3 months] [+12.2%] 100, 3.55, Buy, 12/15/2003, [5 months] [+13.8%] 300, 3.78, Buy, 11/04/2003, [6 months] [+ 6.9%] 200, 3.95, Buy, 10/30/2003, [7 months] [+ 2.3%]
[Monday, 24 May 2004] Prudential Equity Group sees better revenues for Lucent and they re-iterated their 'Overweight' rating on LU shares at $3.20.[Wednesday, 26 May 2004] LU shares were up 6.75% closing at $3.48.
[Wednesday, 26 May 2004] LYNX shares have been in a free fall but on Wednesday they were up 26.76% closing at $2.70. Trading volume was averge.[Thursday, 27 May 2004] LNYX closed on Wednesday at $2.70 per share. During AM trading on Thursday the stock hit $4.62, up 71%. Sorry Bree.
[Friday, 28 May 2004]BOUGHT NGEN 6.25 05/28/2004 3rd purchase; avg. cost per share is $6.58
[Tuesday, 25 May 2004] Novell reported a good quarter and NOVL shares were down 8+% in early Tuesday AM trading. Is this an example of selling on good news? Or is Linux dead? I doubt Linux is head. GDT::Portfolio is holding onto its NOVL shares.
[Wednesday, 26 May 2004] Sold 1.3% of our OPSW shares for portfolio adjustment. The transaction took place prior to Opsware reporting solid quarterly results. The sold shares were purchased on 26 July 2001 at $1.99 for a three-year long-term gain of 312%.SOLD OPSW 8.19 05/26/2004 [+312%] avg. cost per share remains at $1.48
[Wednesday, 26 May 2004] Portal Software has been added to the GDT::Portfolio at $4.66; however, no position has been taken. PRSF "is engaged in the development, marketing, provisioning and support of billing and customer management solutions for telecommunications and information service providers." The company reported disappointing quarterly results and the stock got hammered.good: PSR is 1.77 good: 26% of the stock is closely held good: $1.96 cash per share bad: 31% of the stock is held by institutionsKaufman Brothers downgraded the stock from 'Buy' to 'Hold.'
[Monday, 24 May 2004] Banc of America Securities issued a 'Buy' rating on Red Hat at $25 on Friday, 21 May 2004.[Wednesday, 26 May 2004] UBS issued a 'Buy' rating on Red Hat. The stock made a new 52-week high hitting $27.57.
SOLD RHAT 28.00 05/26/2004 [+691%] avg. cost per remaining share is $6.52Sold 10% of our RHAT shares that were purchased 21 September 2001 -- almost three years ago. The shares sold were purchased at $3.54 for a 691% long-term gain.
[Thursday, 27 May 2004] Schwab Soundview issued an 'Outperform' rating on RHAT shares at $27.70.
BOUGHT SPIR 4.96 05/27/2004 2nd purchase; avg. cost per share is $5.10
[Wednesday, 26 May 2004] VA Software announced solid quarterly results. On Monday, LNUX closed at $2.04. The stock closed at $2.19, up 7.4%, on Tuesday. In early Wednesday trading the stock was up another 10% to $2.42, but they closed up 5.5% at $2.31. LNUX 52-week high and low have been $6.38 and $1.30, respectively.
[Wednesday, 26 May 2004] Sold 7% of our VISG shares for portfolio adjustment. The sold shares were purchased were purchased 05/12/2003 for a one-year long-term gain of 103%.SOLD VISG 10.25 05/26/2004 [+103%] avg. cost per share is $4.17
[Monday, 24 May 2004] YHOO opened the week making a new 52-week high. The stock made another new 52-week of $30.41 on Tuesday, 25 May 2004.SOLD YHOO 30.11 05/25/2004 [+110%] 3rd sale; sold 9.0% of our holdings avg. cost per share is now $6.87This sale closes out our initial YHOO position that was taken on 12/22/2000. Average gain: 52.3%.
Author: Gerald D. Thurman
[gdt@deru.com]
Created: 28 May 2004