Investor's Opinion

Back Again, Finally

Published: 2009-07-08 18:10:00 EDT by Unknown

Hello again. I apologies for not being around. I picked up a contract job for a little while and, circumstances as they were, I just could not get online afterwards to tend to this blog or my own positions as you will soon hear. I am, however, back again.

I am not going to do the market wraps like I have done before. You can go to any number of financial sights to see that. What I am going to do is quickly state the condition of my own accounts.

For instance, those two options I had (CVX QJ and FPL QH) both expired worthless. This is a lesson in setting stops that I still have to perfect (school of hard knocks). My stock in Nova Gold (NG), however, is doing well. The average unit cost of my three positions is $2.95 and today's closing price is $3.82. Including the deduction of commissions, this is 29.4% profit over 5 months.

Now I'll admit, that is not the +/-70% I could of pocketed if I had regularly watched the stock and set my stop to catch the shift of June 3rd. But seriously, show me a bank that is offering that kind of interest and I'll stop blogging.

Right now the market has deflated some so I am analyzing for future positions to make. Keep on the watch for more details.

That is my opinion, you can take it or leave it.

Disclaimer: I am not a stock broker; I am not a financial advisor; I am not recommending to you what to buy or sell. I am just an opinionated investor. If you decide to follow in my footsteps you are taking risk. It is inevitable that I may be wrong. So if you are going to follow in my footsteps that is your own personal decision. I am not responsible for any loss that you may, and probably will, incur regardless of my opinion.

Labels: option picks, stock picks, stop-loss

Updated: 2009-07-08 18:45:04 EDT