After watching my Roth IRA value dribble away most days for several weeks -- $10 here, $20 there -- it's nice to have a day like today, where I was up $208.70. This puts my account's value at $7391.51, which is a far cry from its height (it once topped $8000) but at least I don't feel that sinking feeling so much anymore.
My purchase of an extra chunk of New York & Co. (NWY) at $15.98 seems to have been a good move. That stock dipped down closer to $15 for a few days but moved strongly above $16 today to close at $16.67. My average cost basis including the second chunk is more like $17.32 (the original cost basis was $18.96), so I'm still underwater a bit, but not by much. If NWY hits its 52-week high of $24.41 again this fall, I'll make out quite nicely.
My iShares Emerging Markets ETF (EEM) continues to perform strongly, up another $1.27 today. So far I've made a good 15% off that one.
Paxar (PXR) and Blackboard (BBBB) are also recovering but I still took a pretty heavy hit on them over the last few weeks. For a while I was underwater on PXR but no longer.
Still considering Montpelier Re (MRH) for my next purchase. They have made a new equity offering through Lehman that will cover their Katrina losses, but those new shares represent a significant dilution. I will be watching a bit longer to see if the price goes a bit lower because of this.
My Select SPDR Tech Sector stock (XLK) continues to stagnate. Tech rally my ass. But I'll continue to hold it through the holidays at least.
Posted by kindall at September 16, 2005 01:58 PM