Sold: IGLD @ $12 (+127%) Buy: CMGI
My chemo yesterday knocked me down.
Thank you to those who sent warm messages via comment section. I really do appreciate it, especially when it comes from those who I barely know except through these pages. I feel that I am getting to know some of you, just like you probably feel that you are getting to kow me as a person, investor and as an artist.
Trust me, investing is more art than science.
Important news:
1. Acetrader sold the remaining shares of IGLD at $12. This represents a gain of +126.84% ! I sincerely hope that many of you took this advantage along with me. In fact, most of you should have better results than me, since I have been yelling about IGLD as its price went below my purchase. Some of you bought this in the $4's. My cost was $5.29
Congratulations and let's move on. (I smell many steaks from ya)
Oh, I still love IGLD. We will be buying this baby back later.
2. I finally got the news I was waiting for.
CMGI has turned the corner and is making money! If you remember, I initially bought half my usual unit on this one (at $1.33). Now I am buying the other half unit to make it a full unit in my portfolio. Something tells me that 6 months from now, this price may look ridiculous. CMGI will hit the new 52week (1 year) high price soon. Buy now. (try not to pay more than $1.50)
3. The market will become very volatile in December. Many professional money managers are trying their best to not look stupid when the year is over. Many mutual funds have less than 10% gain for the year so far. They will try to buy and sell in desparate moves to at least equal the market return (no bonus if they fail). In the end, more than half of all money managers will fail to beat the market (and can you believe that investors pay for them?)
P.S: SIRI is in trouable. This will probably affect our XMSR. Let's keep an eye on this tight.
Have a nice day : )
Thank you to those who sent warm messages via comment section. I really do appreciate it, especially when it comes from those who I barely know except through these pages. I feel that I am getting to know some of you, just like you probably feel that you are getting to kow me as a person, investor and as an artist.
Trust me, investing is more art than science.
Important news:
1. Acetrader sold the remaining shares of IGLD at $12. This represents a gain of +126.84% ! I sincerely hope that many of you took this advantage along with me. In fact, most of you should have better results than me, since I have been yelling about IGLD as its price went below my purchase. Some of you bought this in the $4's. My cost was $5.29
Congratulations and let's move on. (I smell many steaks from ya)
Oh, I still love IGLD. We will be buying this baby back later.
2. I finally got the news I was waiting for.
CMGI has turned the corner and is making money! If you remember, I initially bought half my usual unit on this one (at $1.33). Now I am buying the other half unit to make it a full unit in my portfolio. Something tells me that 6 months from now, this price may look ridiculous. CMGI will hit the new 52week (1 year) high price soon. Buy now. (try not to pay more than $1.50)
3. The market will become very volatile in December. Many professional money managers are trying their best to not look stupid when the year is over. Many mutual funds have less than 10% gain for the year so far. They will try to buy and sell in desparate moves to at least equal the market return (no bonus if they fail). In the end, more than half of all money managers will fail to beat the market (and can you believe that investors pay for them?)
P.S: SIRI is in trouable. This will probably affect our XMSR. Let's keep an eye on this tight.
Have a nice day : )
posted by Jaewoo | 8:15 AM
2 Comments:
RICK came out with good numbers - shame their stock is getting hammered at the moment. Pushing down the price for a rebound?
Sonderval:
It is a mystery why RICK trades lower whenever good numbers are released but that's how its been for a while. Remember this, in my years of investing, this one thing is clear. Earnings drive stock price in the long run. Have you ever seen a stock that falls as it earns more $ quarter to quarter? I don't think so. Hold until fundamentals change. I will advise you when needed.
Post a Comment
<< Home