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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:24 Apr 2001 Sale Date:15 Jun 2001
Purchase Price:$11.38 Sale Price:$9.00
  --Split Adjusted:$11.38  --Split Adjusted:$9.00
Shares Purchased:1700 Shares Sold:1700
  --Split Adjusted:1700  --Split Adjusted:1700
Transaction Fee:$369.38 Transaction Fee:$294.48
Price Range (6 Months Prior):    Price Range (6 Months After):    
High$24.93 High$9.62
Date18 Jan 2001 Date03 Sep 2001
Low$8.88 Low$0.00
Date09 Apr 2001 Date15 Jan 2001
S&P (Purchase Date):$1,209.47 S&P (Sale Date):$1,214.36

Purchase
Timing:  Stock price had declined sharply over the prior four months.
Reason:  Company was close to completing its international communications network.

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:  Stop loss order at $9/share.

S&P Gain: 0.4 % Annualized Gain: 2.84%
Stock Gain: -20.91 % Annualized Gain: -80.73%

Dividends:$0.00
Net Holding Return ($): $-4,709.86
Net Holding Return (%): -23.89 %