The Fool Portfolio purchased 100 shares of Applied Materials <% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:AMAT)") else Response.Write("(NASDAQ:AMAT)") end if %> at average price of $57.52 on August 24, 1995. The graph above reflects AMAT's performance in relation to the Fool's purchase point.
AMAT News
We made the twenty-sixth trade in the Fool Portfolio on Thursday, May 2, 1996, selling Applied Materials. The trade was made as a portfolio decision, since KLA Instruments has a similar business, and the two stocks moved more or less in lockstep from the time they were purchased back on August 25, 1995. The sell order was filled by K. Aufhauser & Co. at $40.
ACTION # STOCK PRICE COMS'N Sell 100 AMAT $40 $27.49
PROCEEDS GAIN/LOSS $3972.51 ($1779.98)
Percentage loss on investment: -30.94%