All Out Of UTStarcom

Last Saturday, I mentioned that UTStarcom took a big hit last week and plunged to 6% below our buy price. I wrote: “Looking to the downside, at 8% below our buy price I will sell half, with the other half to follow at 10% below.” Unfortunately, we hit both of those, with the stock closing today at $14.26, 14% below our entry at $16.59.

I’ll put this on the books with an average sale price of $15.10, a 9% loss, which you can verify here.

Meanwhile, I sold half of my Maxtor position at $5.30, locking in a 63% gain there. The other half is rising higher. Let’s hope it sees $6 before sinking over the summer.

This entry was posted in Uncategorized. Bookmark the permalink. Both comments and trackbacks are currently closed.
  • Here are your three options:

    Option 1: Annual Subscription (no refunds)

    For just $200 per year, you’ll receive everything listed above to completely upgrade the way you manage your investments. This is 17% cheaper than the monthly option. This is what I recommend:

    Option 2:Monthly Subscription (no refunds)

    If you'd like to try The Kelly Letter  without paying the full year, you can pay $20 per month.

    Option 3:Free Email List

    If you'd like to hear more from me but aren't ready to part with any money yet, you're welcome to join my free email list:

    Join the free list

    Thank you for the work you do. You're a household name here and my wife and I often discuss your letters on Sundays. My ten- and seven-year-old children recognize your name and will eventually be taught to invest using 3Sig and 6Sig. You've had an enormously positive impact on our investing and inspired me to look at the world in more rational and clear terms than I did years ago. I'm sure that thousands of others would say the same. Kelly Letter subscriber Matt Barnes
    Matt Barnes
    Product Line Director

    Join Matt and thousands of other rational investors to invest without stress.

    Subscribe to The Kelly Letter  now!

Bestselling Financial Author