Hmmcast #139 mp4

As mentioned last week, my wife and I have begun a friendly stock competition. We each started with $500 and we’re going to see how each of us does. I’m blogging about the picks and her first pick was 20 shares of SHOR at $12.15 a share. As of this writing she’s made $7.00. We’re both using the site Zecco which offers up to 10 free trades a day, 40 free trades total a month.

The initial account setup experience for Zecco has been slower than I remember setting up other online accounts. My account should be ready sometime this week so I can start trading. Meanwhile, she’s taking advantage of my downtime.

One thing I’ve learned about Zecco so far is that you have to request for uninvested cash to be swept into their money market account by a special form (PDF) which you can fax or email to them, otherwise it just sits there with no interest being paid. Also, the instructions for how the whole new account process works on the website aren’t very good.

Update 6:14pm PST: My wife Skyped me to say she made her second trade today: 16 shares of MXWL at $15.40 via Google Finance:

Maxwell Technologies, Inc. (Maxwell) develops, manufactures and markets energy storage and power delivery systems. Its products are designed and manufactured to provide failure-free, low-maintenance, performance over the life of the applications into, which they are integrated.

MXWL closed today at $15.67 so she made another $4.32 bringing her total portfolio up to $511.32 (a little over +9% for the total portfolio which isn’t bad for a couple days).

• MakeYouGoHmm Virtual Stock Exchange Week #1: 224 days left
• Hmmcast #8: volcanoes, towels and contest
• Hmmcast #2: fools for our lovin’
• MakeYouGoHmm Virtual Stock Exchange Week #3: 210 days left
• S&P Equity Research puts “buy” rating on four internet online advertising stocks
• Sell Yahoo stock? Not me, not yet