Clear Trades

I finally took my losses on this one and let it go. I should have cut the cord much sooner, but I kept hanging on.

I bought 250 shares of AA (Alcoa) on Feb 2, 2008 at 7.8775 per share. I’m sure I could hold this for a while and see a better recovery—obviously I’m not a fan of selling at what may very well prove to be the market bottom, but I wanted to buy UYG instead and I expect to see enough gains with that to make up for this loss.

Realized a loss of $470.90, for a return of -23.83%.

Update: On February 25th, I received a dividend of $42.50 for my Alcoa shares. This changes my loss on the stock to $428.40, for a return of -21.68%.

AA, Losses, Sell

*Note – I made this trade before launching ClearTrades.com so the details are a little light. You can expect to see more information on trades made in the future.

Long 250 shares of AA (Alcoa Inc.) at 7.8775.

I’ve been watching Alcoa since last November when it had a similar dip in price (as low as 6.85 then) and then recovered to over $10 per share. I’m bullish on commodity prices going forward and it seems like the dividend is holding up for now. I bought this for both the dividend (ex date was 2/4) and price appreciation. I view this as one of my conservative holdings and I will probably hold it longer than most of my other positions.

AA, Buy