Decision time in the fantasy portfolio got a lot easier today as shares of Google fell to 480 at this very moment (11:48 AM). The cash I already had on hand was $2,492.00 and added to the proceeds from the two SELLs listed below, the amount in play was $23,388.25
SELL 125 shares Altria (MO) at 87.07 = $10,883.75
SELL 3,750 shares FKINX at 2.67 = $10,012.50
BUY 48 shares Google (GOOG) at 480.00 = $23,040.00
$348.25 left over
Plan is to either sell off Google once it reaches 510 once more, or hold onto part of it. In the long run it’s not good to have over 40% of the total value of the portfolio in technology/internet stocks (NTES & GOOG), but in the short term it’s smart since Google’s dip is a reflection of profit taking rather than performance or the outlook for 2007.