MyDollar 5-Stock Tech Invest: Week3

On Friday, May 19th, we purchased 5 technology stocks (read details) at the closing price of that week. We started with $10000 (about $2000 for each stock).

After 3 weeks, at the close of trading today we stand at $9646, down by 3.53% in 3 weeks and a drop of 5.1% from last week. This week turned out to be the worst week of the year in Wall Street. We feel the market is showing too much of pessimism towards inflationary fear, even while the corporate profit picture stands at a good enough level. Right from the beginning we believe in long term investment and we are hopeful that our portfolio of 5 great technology stocks would come back to positive territory once the clouds pass over.

In particular, there is very good news from Seagate Technology who announced several new products on Wednesday this week (Read this posting in 2Technology).

Current Value of portfolio:
EMC Corporation (EMC) : 157 at $11.82 (was $12.73 on May 19)
Nasdaq-100 Trust (QQQQ): 51 at $38.15 (was $39.35 on May 19)
Seagate Technology (STX) : 80 at $23.11 (was $24.95 on May 19)
Veeco Instruments (VECO): 82 at $23.54 (was $24.26 on May 19)
Yahoo (YHOO) : 68 at $30.37 (was $29.53 on May 19)

Disclaimer: We own all these stocks in our personal portfolio. Please do not make your investment decision based on this selection. Please do your own homework and/or take expert advice before investing in these stocks.