Thursday, June 23, 2005

Quick Market and Portfolio Update

Let's see what's new recently.

Threw in the towel on Applied Materials (AMAT). That short stung a bit; my exit price today of 17.10 hands me a 5% loss.

General Electric (GE) is reorganizing into six different business units, each focusing on a particular industry.

Ameritrade (AMTD) and TD Waterhouse are merging as the online brokerage space continues to consolidate.

RF Micro Devices (RFMD) continues to tear higher. Up a whopping 35% since position was initiated.

Dryships (DRYS) has recovered half of the quick 10% loss it dealt me. It also officially announced the dividend I mentioned a while back. When shipping rates increase, DRYS should do better.

Solectron (SLR) earnings are due out after the market closes. It has really been shining lately, and today's price action is promising.

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