So far, so good for the stock market in 2009 - FIRED UP! READY TO GO! YES WE CAN!!
(Let's hope the exuberance isn't irrational.)
I now present to you the stocks that are the least worst of the awful lot otherwise known as "my 2008 portfolio". The stocks I was too lazy to sell. The stocks that I just couldn't sell, because I have to own something, right?
And now, let's look at all the stocks I've held going into this year, from worst to best - based solely on 2008's performance, while mostly ignoring any intra-year volatility:
Apple (AAPL)
Year-opening price: $198.08
Bought more: Mar @ $121.98, Oct @ $111.98
Year-closing price: $85.35 (-57%)
The great long-term growth story hope, part 1. Steve Jobs' short-term health concerns might finally be resolved, though.
Google (GOOG)
Year-opening price: $691.48
Bought more: Feb @ $519.54, Oct @ $411.15
Year-closing price: $307.65 (-56%)
The great long-term growth story hope, part 2. Android, save this stock please!
Southern Copper (PCU)
Year-opening price: $32.43
Bought more: Jan @ $37.95, Aug @ $23.96
Year-closing price: $16.06 (-51%)
If I sold in April and bought back now, would be much better off. But this is a dividend stock.
Apache (APA)
Year-opening price: $106.80
Year-closing price: $74.53 (-30%)
Showing signs of life recently.
Frontline (FRO)
Year-opening price: $41.05
Bought more: Aug @ $57.92, Nov @ $36.95
Year-closing price: $29.61 (-28%)
Two poorly-timed purchases there.
Tidewater (TDW)
Year-opening price: $53.89
Year-closing price: $40.27 (-25%)
Yawn.
Terra Nitrogen (TNH)
Bought: Jan @ $150.00, Mar @ $119.21, Aug @ $101.99
Year-closing price: $94.25 (-19%)
A falling knife situation, but I like this stock a lot going forward (duh).
Tesoro (TSO)
Bought: Apr @ $26.29, Jul @ $16.59, Nov @ $10.05
Year-closing price: $13.17 (-18%)
I hear gasoline prices are making a comeback!
ACE Limited (ACE)
Year-opening price: $60.82
Bought more: Jul @ $53.74
Year-closing price: $52.92 (-13%)
The most pleasantly boring stock I own.
Dominion Resources Black Warrior Trust (DOM)
Year-opening price: $15.72
Bought more: Jan @ $17.00
Year-closing price: $16.60 (6%)
Yes, I have an incumbent winner stock this year.
