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Transaction Details

Company: Global Crossing
Ticker:GX
Yahoo Beta:3.06
Industry:Telecommunication

Company Description:  A global telecommunications carrier. The company operates an integrated global IP- (Internet protocol) based network that connects 200 cities in 27 countries.

Purchase Date:03 Apr 2001 Sale Date:15 Jun 2001
Purchase Price:$10.30 Sale Price:$9.00
  --Split Adjusted:$10.30  --Split Adjusted:$9.00
Shares Purchased:700 Shares Sold:700
  --Split Adjusted:700  --Split Adjusted:700
Transaction Fee:$169.46 Transaction Fee:$121.26
Price Range (6 Months Prior):    Price Range (6 Months After):    
High$29.06 High$9.62
Date02 Oct 2000 Date03 Sep 2001
Low$12.02 Low$0.00
Date02 Apr 2001 Date15 Feb 2001
S&P (Purchase Date):$1,106.46 S&P (Sale Date):$1,214.36

Purchase
Timing:  Bought at six month low.
Reason:  Company was completing its international communications network and seemed poised to earn high profits.

Sale
Timing:  Sold near the high over the next six months. (Global Crossing declared bankuptcy; equityholders received nothing.) Timing would have been acceptable had we not bought in again 10 days later.
Reason:  We had a stop loss order at $9/share.

S&P Gain: 9.75 % Annualized Gain: 59.23%
Stock Gain: -12.62 % Annualized Gain: -49.06%

Dividends:$0.00
Net Holding Return ($): $-1,200.72
Net Holding Return (%): -16.27 %