Investor's Opinion
Back Again, Finally
Published: 2009-07-08 18:10:00 EDT by Unknown
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-lossUpdated: 2009-07-08 18:45:04 EDT
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