Begin Week Two

On April 15th, 2013, the work at hand now deals less with making purchases and keeping an eye on trends. I don't want to sell a "bad" stock too soon as it may recover, but I also don't want to hold on to a bad egg long enough for it to rot in my hands. Stocks have not been doing as hot as I expected, but that is normal and I must take the good with the bad, with risk always being a factor. Both online (marketbuzz.com) and in person (mentor and relatives), I have been given advice to simply cut my losses when they become too great. I will give my stocks a small margin for error in the coming days, which, if exceeded will result in selling at a lower price than anticipated and moving on to another, better performing stock.

April 15th totals:

• Agnico-Eagle Mines (AEM)- Open $33.35 Close $32.40 Previous Close $35.65
• Total for 50 shares: $1,620 ($162.50 loss)

• BioDelivery Sciences International Inc. (BDSI)- Open $4.78 Close $4.80 Previous Close $4.82
• Total for 230 shares: $1,104 ($4.60 loss)

• MetroPCS (PCS)- Open $11.07 Close $11.05 Previous Close $11.52
• Total for 51 shares: $563.55 ($23.97 loss)

• Rambus Inc. (RMBS)- Open $6.87 Close $7.15 Previous Close $6.93
• Total for 150 shares: $1,072.50 ($33 gain)

• Walter Energy, Inc. (WLT)- Open $23.33 Close $20.60 Previous Close $24.11
• Total for 50 shares: $1,030 ($175.50 loss)

• Treasury Bond- $2,000 

The week begins dismally with total losses of approximately $333.57 coming mostly from the basic materials sector (AEM) and the energy sector (WLT). After the April 16th close, if these stocks present more bad news on the charts or internally, I will have to take the loss and hope that another moneymaker is out there. My net losses are up to approximately $438.17, but I still have $2,171.78 in possible investments and a total of $5,390.05 in market circulation, not including the $2,000 treasury bond.