Final Mentor Meeting

Although my mentor, Patrick Cross would not have made many of the investments that I have over the course of this project, he was impressed with my thought process for doing so, including the use of market gaps and news for better understanding of a company' potential and inner workings. For example, BioDelivery Sciences (BDSI), just released their quarterly reports (here) which indicate approximately $12 million used for research and trials of drugs including one to treat chronic pain and one for opioid dependence. Meanwhile, the MetroPCS/T-Mobile merger has become a big business success as the deal cuts debt for Metro shareholders while T-Mobile makes up some ground after losing a large percentage of customers in recent months; article here.

Totals for May 13:

• BioDelivery Sciences International (BDSI)- Open $5.13 Close $5.19
• Total for 230 shares: $1,193.70 ($9.30 gain)

• T-Mobile (TMUS)- Open $19 Close $18.92
• Total for 26 shares: $491.92 ($7.28 gain)

• Rambus Inc. (RMBS)- Open $8.00 Close $8.07
• Total for 150 shares: $1,210.50 ($9 gain)

• ConocoPhillips (COP)- Open $62.11 Close $62.00
• Total for 50 shares: $3,100 ($11.50 loss)

• Pfizer Inc. (PFE)- Open $28.75 Close $29.37
• Total for 65 shares: $1,909.05 ($44.20 gain)

As the project draws to a close, I think May 14th will be the last day to cover the market and make my final tallies. For May 13th, however, I walk away with a $58.28 market gain and feeling confident. There still remains $176.88 of cash on the side, so that will just be added to my final sum from Tuesday.