The Stock Nerd

Just thought i’d share some of my personal performance this month. It’s not too hot and to tell ya the truth, I haven’t purchased any stock this month.

Stock 1: Yingli Green Energy Holding Co. Ltd. (YGE)
Business summary:
“Yingli Green Energy Holding Company Limited and its subsidiaries engage in the design, development, marketing, manufacturing, installation, and sale of photovoltaic (PV) products. Its products include PV modules, integrated PV systems, multicrystalline polysilicon ingots and wafers, and PV cells. The company sells its PV modules under Yingli brand name primarily to installers, PV system integrators, property developers, distributors, and other value-added resellers principally in China, as well as in Germany, Spain, Italy, and the United States. It also sells PV systems to mobile communications service providers in China. The company was founded in 1998 and is headquartered in Baoding, the People’s Republic of China.”

I purchased Yingi right before their earnings release in May. I was fairly certain they over performed market expectations, and I was 100% correct! I was profiting around $200+ within 4-5 days after buying it, but it started to decline soon after (and I didn’t catch it since I haven’t watched the market on vacation too much - bad idea).
Purchase price: ~$21
Current price: $19.15

Luckily, I only bought about $1000 worth of YGE stock because that’s all I could afford to lose. (Reference Tip #1 in the 10 Investment Tips article). Luckily, this hasn’t hurt my portfolio too much and i’m still $400 positive for the month of May and June combined (keep in mind I haven’t traded in June!). I’m leaving my money in YGE for now, I think solar stocks will rebound in the near future, especially with increasing oil prices.

Moving on to my second position….

Stock 2: Lions Gate Entertainment Corp. (LGF)
(Everyone knows these guys for movies - but here’s a business summary that states everything they do generally.)
Business Summary: “Lions Gate Entertainment Corp. operates as a filmed entertainment studio. The company offers motion pictures, television programming, home entertainment, family entertainment, multiplatform programming, online video entertainment, theatrical distribution, video-on-demand, and digitally delivered content services, as well as film, television, and home video services. As of March 31, 2008, it distributed a library of approximately 8,000 motion picture titles and approximately 4,000 television episodes and programs directly to retailers, video rental stores, and pay and free television channels in the United States, Canada, the United Kingdom, and Ireland; and through various digital media platforms, and indirectly to other international markets, its subsidiaries, and various third parties. Lions Gate Entertainment Corp. was founded in 1986 and is headquartered in Vancouver, Canada.”

I purchased Lions Gate Film after assuming that the summer would do the company well with all of the hot releases (and pretty much - summertime is a good time for the film industry). It hovered around in the high $9.00 range until recently and shot up. I’ll be leaving my shares in LGF throughout the summer.
Purchase price: ~$10.20
Current price: $10.38

I only bought about $500 worth of LGF stock because that’s all I could afford to lose. (Reference Tip #1 in the 10 Investment Tips article). If I was actively trading in June, I would have bought quite a bit more when it dipped to the upper $9.00 range. Too bad now! If it dips down again, I will buy.

Anyhow, those are my only 2 positions left currently. I sold quite a bit during the month of May (and it was a smart decision - sold Apple (AAPL) at $188 and it’s around $174 right now - I will definately buy this one again though.) I really need to start researching possible purchases for July. Gotta run again!

- The Stock Nerd

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