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Tuesday, October 31, 2006

SAIC Is Soaring

SAIC went public a few weeks ago, and I purchsed the stock at $18. Last week the stock jumped to almost $20. I sold a majority of my holding at $19.50. I made $1.50 per share, which is about 8.33%. Not too shabby for a two-week investment. My gains allowed me to buy a new digi-camera, the SD700 IS. Today, SAI broke the $21 mark before dropping back to $20.33 for the close. I'm still thinking if I should short-term trade it. Over the long run, I believe SAI is a good investment.

4 Comments:

At 11/02/2006 04:35:00 AM, Anonymous Jim said...

Hi there. I saw your post on SAIC. I recently put together the following site on SAIC:

http://www.saictalk.com/

Any comments would be much appreciated.

Thanks!
Jim

 
At 11/03/2006 04:07:00 PM, Blogger moneymonk said...

I also own SAI , a very good investment.

 
At 11/05/2006 09:02:00 AM, Blogger Honest Abe said...

How do you track all you taxable investment accounts when buying and selling so often? Just curious for future use.

 
At 11/05/2006 02:54:00 PM, Blogger Smarty said...

I use MS Money to track all my investment accounts and transactions.

 

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