As I expected, Blackboard (BBBB), after being up nearly 20% in a single day last week, has fallen to $30, more than $2 under where I sold. I bought half my former position back. With commissions this essentially puts me $40 ahead of where I was. Not much, I know, but it was fun to give it a try. I'll be watching to see if BBBB drops further; if it does, I'll certainly consider re-establishing my full original position, maybe a few shares bigger.
In retrospect I should have sold all my shares of everything, though. From the peak of around $12,600 my portfolio has lost more than $600 in a week. Selling everything and then re-buying it a week later would have cost me $154 in commissions, but that still would have left me $450 ahead. I expect something of a rebound soon, though.
Posted by kindall at May 15, 2006 01:02 PM