Monday, April 22, 2013

2nd Week End Results: Bounce Back from Losses

Last Friday was a bit more generous to the market as a whole, as not many companies saw the amount of loss that had been witnessed earlier in the week. April 15 through April 19 has officially been deemed the worst week of 2013 in terms of stock performance. knowing this, I feel confident that the market as a whole, has nowhere to go but up. Hopefully, earnings reports from major corporations such as Haliburton will pull others out of the mud, as international earnings, such as China's, have caused market slumps as well. I now feel good enough to purchase some new stocks, although "buy low, sell high" is not a priority as long as positive trends are noticeable.

2nd week totals:

  • Agnico-Eagle Mines (AEM)- Open $32.31  Close $33.01
    • Total for 50 shares: $1,650.50 ($35 gain)
  • BioDelivery Sciences International Inc. (BDSI)- Open $4.80 Close $4.98
    • Total for 230 shares: $1,145.40 ($41.40 gain)
  • MetroPCS (PCS)- Open $11.19 Close $11.11
    • Total for 51 shares: $566.61 ($4.08 loss)
  • Rambus (RMBS)- Open $6.75 Close $6.06
    • Total for 150 shares: $909 ($103.50 loss)
April 19 saw an overall loss of $31.18 thanks to Rambus Inc which I will sell if prices fall below current levels. If that happens, I will sell approximately half of my holds in case performance improves later on. I am also thinking of purchasing stock in the entertainment sector such as Netflix which has a $30 range between its current price and 52 week high. Monday's close will give me all the information I need.

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