A friend of mine used to say, "things are never so bad that they can't get worse!". Not very upbeat, but he did have a point. So while I am in the red with my portfolio, it could certainly be worse. I have confessed a few times on this blog regarding times I have sold stocks early. Here are stocks I sold early and where I'd be if I had not sold early:
PDS: 21.89 down to 15.33 -30%
CREL 12.73 down to 8.05 -37%
MEOH 25.03 up to 26.53 +6%
AVCI 13.45 down to 9.44 -30%
UNTD 17.32 down to 11.96 -31%
KSWS 18.01 down to 17.28 -4%
SHOO 23.18 down to 20.73 -11%
FTO 46.66 down to 41.38 -11%
FDG no change
HW 15.17 down to 11.56 -24%
WPCS 11.11 down to 9.40 -15%
TRLG 22.61 down to 20.27 -10%
All-in-all down on average 16%. If I had held them and not bought their replacements I'd have over $33,000 less. It could be worse.
I did "reunite" with UNTD this week. I bought it back at $11.30.
Did get some "good" news with CHKE today. They announced they have engaged GS to explore strategic alternatives (Cherokee Inc. Retains Goldman, Sachs & Co. to Explore Strategic Alternatives). The stock was up over 6% on this news, though it is still way off its 52 week high (about 40% down).
LCAV was profiled this week in Barron's (LCA Vision may be eyeing rebound - Barron's). They are up 10% over their close on Friday. The article essentially argues that the drop from $50 to $16 was a mite steep and people with more than a 12 month outlook could do well.
ACN announces earnings tomorrow. I'll be watching closely. One analyst thinks the news will be good (Accenture: Citi Sees FY Q1 Results Wed. Beating Ests).
Finally another analyst downgraded TRID today. It has been a up and down ride (Trident: Roth Cuts Rating, Cites Lack Of Low End TV Chips).