On my Stock Radar: eBay, Cisco, Google
A few updates on my stock positions.
1) Sold eBay (EBAY) at $32.75 with a 15% gain.
Following Kevin’s 15% growth strategy, it seemed like a decent time to sell my eBay shares. I wasn’t looking to hold long-term, I’m happy with the short-term gain that I was expecting. My thoughts when purchasing eBay.
2) Sold UMC (UMC) at $3.10.
All sources were pointing to death in UMC. I held it for a very long time and was insistent that UMC would eventually rise. It hasn’t. For a very long time. I don’t see it happening soon and frankly, I own TSMC and have more confidence in them. Farewell UMC.
3) Purchased Cisco (CSCO) at $24.97 before their earnings announcement on Wednesday.
This was a gamble. Cisco has gone up from the $18 range to the mid-$20s over the last six months. It looked like Chambers would be reflecting optimistically on the past quarter and providing a bright outlook. It happened. Cisco broke $27 the next day and is normalizing at around $26.75 during the time of this post.
4) Purchased Google (GOOG) at $477.96.
My thoughts on investing in Google.
Tags: stock, eBay, Cisco, Google, investing
» Bonus: Check out other posts in the Finance, Projects category.
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