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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:25 Jun 2001 Sale Date:29 Aug 2001
Purchase Price:$8.52 Sale Price:$3.80
  --Split Adjusted:$8.52  --Split Adjusted:$3.80
Shares Purchased:700 Shares Sold:700
  --Split Adjusted:700  --Split Adjusted:700
Transaction Fee:$155.02 Transaction Fee:$113.99
Price Range (6 Months Prior):    Price Range (6 Months After):    
High$24.93 High$4.23
Date18 Jan 2001 Date00 0000
Low$6.85 Low$0.00
Date19 Jun 2001 Date15 Jan 2001
S&P (Purchase Date):$1,218.60 S&P (Sale Date):$1,148.56

Purchase
Timing:  Price had recently rebounded off its lows.
Reason:  High volatility; part of a high volatility low diversification strategy to try and recover significant losses.

Sale
Timing:  Sold near the high over the next six months. (Global Crossing declared bankuptcy; equityholders received nothing.)
Reason:  New class wanted to unload losers before the portfolio reset date to avoid transaction fees.

S&P Gain: -5.75 % Annualized Gain: -28.29%
Stock Gain: -55.4 % Annualized Gain: -98.93%

Dividends:$0.00
Net Holding Return ($): $-3,573.01
Net Holding Return (%): -58.39 %