Welcome to week 13 of my stock-picking throwdown with Mr. Market. Let's get right to the numbers:
|
Company |
Starting Price |
Recent Price |
Total Return |
|---|---|---|---|
|
Akamai |
$22.23 |
$13.79 |
(37.9%) |
|
Harris & Harris |
$6.22 |
$4.58 |
(26.4%) |
|
IBM |
$129.05 |
$85.15 |
(34.0%) |
|
Oracle |
$22.75 |
$16.85 |
(25.9%) |
|
Taiwan Semiconductor |
$10.34 |
$7.37 |
(28.7%) |
|
Average return |
-- |
-- |
(30.58%) |
|
S&P 500 SPDR |
$126.73 |
$90.86 |
(28.30%) |
|
Difference |
-- |
-- |
(2.28%) |
Source: Yahoo! Finance as of Nov. 6, 2008.
At least my tech portfolio took a week to backslide 6%. The S&P 500 fell 10% over two days, Wednesday and Thursday. Some non-tech decliners during that time included The Blackstone Group, down around 16%.
Of course, high tech has its losers, too. CEO Jerry Yang, fresh off an embarrassing breakup with Google
So be it. Top investors look to invest in businesses with sustainable, long-term advantages, and in doing so, produce superior returns -- like when David Gardner produced a decade of 20% returns, annualized, by buying and holding the likes of Amazon.com
Checkup time!
Now, let's move on to the rest of today's update:
- Foolish colleague Dave Mock this week revealed why, for Internet investors, Akamai is a dream stock.
- IBM keeps working with a disruptive growth company.
- Oracle CEO Larry Ellison could become a margin call victim.
There's your checkup. See you back here next week for more tech stock talk.
Get your clicks with more techie Foolishness:
- Why not take a page from this tech winner's playbook?
- Google wins by air, land, and sea.
- Broken-home dot-coms could fix your portfolio.
