Lennar Corp (LEN), which I sold yesterday, closed up another 33 cents today at $65.52. As consolation, the homebuilder stock I kept, Toll Brothers (TOL), finally is showing some motion, heading up nearly a buck and a half to almost $104. I'm not sure what happened to the TOL split; maybe the extra shares are to be distributed after closing, because they sure weren't distributed before opening! This is the first split I've held stock through, so I'm not sure how it actually plays out. Guess I'll see.
I bought 14 shares of iShares Emerging Markets ETF (EEM) at $72.30, 55 shares of Paxar (PXR) at $17.97, and 6 shares of Sears Holdings (SHLD) at $152.25. The SHLD dipped slightly before closing, but the EEM rose 50 cents a share (enough to pay for my commission in buying it) and the PXR rose eight cents a share. Of course half a day's trading activity on a day the Dow rose nearly 150 points is not any real sign of anything. Still, it's a nice feeling to have two of my three new acquisitions move up right after I bought them.
Closed at $6710.69. That's about $100 up on the day just on the three stocks (BBB, NWY, and TOL) I owned at the start of the day, less $21 for trade commissions. Basically, I've made 10% on my $7000 investment, and I haven't even contributed the seventh thousand yet. I'm looking at a way to get that extra chunk contributed later this month; the longer I can have it in the account this year, the more I can earn with it...
Posted by kindall at July 8, 2005 01:24 PM