Fast Forward
I got away from blogging for quite a while. I was too busy making paper money in the stock market. Beginning in mid-February, I began investing money I needed to live on and I only did it because I was very confident in my stock picks. I used Zacks.com a lot and the bollinger bands on moneycentral charts. I really was doing good. I had a stable of about 12-13 stocks that I called the Lost Daytrader Mutual Fund. It was fun choosing stocks. At one point, around late April - Mid-May, I checked my normal Mutual funds and found they typically were down about 10-15%. My lost daytrader fund was at +36%.
The stocks I bought and sold over three months were these:
Oilsands (BQI) - bought and sold within two days because I got scared when it went down a little. Should have kept it because it went up about $2.00 in a month (about 50%)
Bought ten shares of (YHOO) and sold it a few days later at a loss. No reason to have done this but because I heard about MFST buying it, I did so too, just not as much.
Bought 1500 shares of a penny stock (well, it was 46 pennies actually). Never thought I’d own another one of those until I just got the nerve to take a look at my brokerage account. Now I own two more. Got rid of (SNUS) Sonus Pharmaceuticals in a few days, about broke even.
Bought 400 Shares of North American Palladium at $6.08 and sold it a couple weeks later at $7.00 (about 15% profit)
Bought 500 shares of Cell Genesys (CEGE) at $2.84, now worth .13 a share. Oh my goodness! But I sold 300 of it at $4.00. I should have sold it all.
More PAL and sold it for about 15% profit a couple weeks later and other shares at about 20% profit.
NXG, no good. Sold at loss, but not much. A precious metals stock.
Got an oil stock Parker Drilling (PKD). Bought in at $7.22 after a recent big drop. Then went down to $5.22 and eventually sold at over $9.00 (25% profit or around there)
(USU) A Nuclear Power Plant company - diasaster
Sprint (S) - few hours and I made about $20.00. A real daytrade, something I never do.
Great trades with Iomega (IOM) bought some at $3.05, then $2.85 and again at $2.85 and sold at $3.95 after it got bought out by another company.
Then came one of my favorites, Gamestop (GME) at $44.13 a share, then kept going up and up and up and sold at $53.00 after seeing a lot of insdiers selling it. This was my son’s favorite.
Metalico (MEA) a recycling company. Bought in and then they decide to issue a lot more stock and price plummeted. Then it eventually went up by about 40% and I sold it.
Bear Stearns (BSC) - I had to do it. Bought 50 shares and made about $30.00, another daytrade.
China Fire Security Group - was a good Chinese stock and sold about 15% in two weeks.
That was about the end of the good trades. There are some others, some really good ones, but at about this time, mid-April, I began buying stocks that I still own on October 23rd which I should have sold long ago. Some of them were up 25% and I still kept them and now those same stocks are down 60%. Can you say "STUPID" and "GREEDY." I should have taken my money and run. If I had to lose that money, I shouldn’t have done it on such great stocks. Some of them will bounce back in a year or so. But I need this money now to pay the rent. STUPID STUPID STUPID!!!!
Just don’t be too greedy. I think I’ve learned my lesson.