Welcome to week 18 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 |
$14.10 |
(36.6%) |
Harris & Harris |
$6.22 |
$3.84 |
(38.3%) |
IBM |
$129.05 |
$80.58 |
(37.6%) |
Oracle |
$22.75 |
$16.46 |
(27.6%) |
Taiwan Semiconductor |
$10.34 |
$7.30 |
(29.4%) |
AVERAGE RETURN |
-- |
-- |
(33.90%) |
S&P 500 SPDR |
$126.28** |
$87.94 |
(30.36%) |
DIFFERENCE |
-- |
-- |
(3.54%) |
Source: Yahoo! Finance.
* Tracking began on Aug. 7, 2008.
** Adjusted for dividends and other returns of capital.
Maybe Mr. Market isn't as fast as he seemed a week ago. Turbulence caused by a dead-on-arrival bailout of General Motors, Chrysler, and -- to a lesser extent -- Ford created opportunity for my well-positioned growers. As a group, they outperformed the S&P by close to three percentage points this week. I'll take it.
Now isn't the time to get greedy, or cocky. Too many tech stocks are still suffering. Yahoo!
So while I'm cautious, I'm also mindful of history. David Gardner produced a decade of 20% returns by buying and holding the likes of Amazon.com and eBay
Checkup time!
Now, let's move on to the rest of today's update:
- Akamai co-founder Tom Leighton purchased 100,000 shares of his company's stock, reassuring those of us who had questions about reports of indiscriminate price cuts in its core content delivery business.
- On Wednesday, Taiwan Semiconductor said its November sales fell 36%. Not good, but we've known for a while that a chip downturn is underway.
There's your check-up. See you back here next week for more tech stock talk.
Get your clicks with further techno-Foolishness:
- You'll find this tech stock on the launching pad.
- Tech can't thrive in Britain.
- Digital clouds are forming over Europe.