Buying and holding all the way down to zero...every investing sin possible is chronicled here...Bush oughta give their checkbooks the Purple Heart Award:
Investment clubs are in no rush to dump stocks as they assess the market
For the first time since the Vested Virgins was formed five years ago, "we're in the red on the bottom line," said treasurer Robin Levine. The club's portfolio was worth $24,813.32 early last week, which was $1,442.99, or 5.5 percent, below cost.
However, only six of the 20 stocks in the Vested Virgins' portfolio were trading higher than their purchase price when 10 members met for dinner and discussion last week. Novoste, a medical products company, was down 82 percent; Amkor Technology, a semiconductor equipment company, was down 76 percent; softwaremaker Seibel Systems was down 67 percent; and Dell Computer was down 53 percent.
"Most of us have done better with the club than our personal investments," said Carren Shagley, the Vested Virgins president. "We are preparing to invest in the next two to three months. This could be...
OK CFZ, ALL TOGETHER NOW!
...a good buying opportunity."
sfgate.com |
