Wednesday, May 6, 2009
Stocks
So I recently put a little money into the stock market, and by little, I mean there are people who trade stock that would laugh at me if I told them the value of my portfolio. They may stop laughing after I told them how much I have made as to what I put in (I have had a 50% increase in value in month and a half...) I have been doing all of my own trades through my bank. There are three or four of us over here who trade actively, and we help each other out with picks. I currently own Fannie Mae, Freddie Mac, TXCO Resources, AIG, and Sirius Radio. I also own 16,000 shares of a company that trades for less than a tenth of a cent, and am losing on (don't worry, I only have $12 invested into that stock...) But, allow me to rant for a few minutes here. I owned 20 shares of a company called Las Vegas Sands. They are a casino company that owns the Sands in Vegas among other casinos. They plan on opening two more casinos worldwide in a few years. I bought them at about $4 and sold at $4.50. My guys here that share stock tips all followed suit, as we saw it stuck in a rut. Since then, the stock has passed $11 and has no foreseeable roof. Analysts are predicting between $20-40... Does anyone else here feel like I killed some very nice profits? I am not too worried about it, but wish I had not sold. This is the largest bain of the investor, when to buy and when to sell. One can always wait for it to go higher, but the only way to assure your profit is to sell when you KNOW you have one. The market is a very volatile thing, and can drop and rise very quickly. If anyone wants the symbols for these stocks or my reasonings for buying them, drop me an email at loranh2000@gmail.com... Until next time, here is to hoping my stock continues to rise...
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Haha, you're braver than me! And probably smarter, I don't know a think about the stock market! :)
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