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Where things are at now
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It's been about two weeks since I last blogged, my performance with my investments wasn't what I had hoped for, and I quit smoking, so quite a bit going on. Sometimes it seems like I've just been out of step with the market, but it happens to the best of us, so let's move on from there. What's been going on since my last blog? I didn't go with the play on Lowe's - it would not have played out, so it was a prudent move not to make. I bought 1000 shares of AFSI on 8/13, at $15.14 it's closed today at 15.95 so did alright, but am looking for a little more runup on it. However, it's a banking stock, so I'll have to keep my eyes open in case there's another shakeup - and I don't think we're out of the woods by any stretch of the imagination. I sold ICE and 600 WBD on 8/15, ICE was getting creamed, I believe it had runup on rumor's that NYX would be buying it, and with the subprime impact expected to hit M&A's it started to be discounted for the (non?)expected buy. I bought 300 shares of NYX on the 20th figuring that if ICE was being priced out of a potential purchase, maybe NYX would show an increase as it's been dropping pretty much since the rumors of the NYX - ICE purchase started around. But as with all my NYX purchases in this round, I'm down again on this one. Bought BAC on the 21st, 200@51.99, was still keeping most of my portfolio in cash, but thought Bank of America would rebound from the fed action. I'm currently down a little over a dollar on this one, but everything looks bullish except the stochastics, so I'll hold onto it - it's a little position anyway. Bought 500 shares of HGR on the 21st, and I'm also down a little on this one. The chart isn't what I would look for in my own investments, as it is looking bearish, but I really like this company from a historical perspective. Developed it's first product to assist amputees, including the founder of the company, back in the civil war, and it's still a good company today delivering products to help our wounded soldiers, so wanted to give them a plug. So to yesterday, bought 2000 MSFT at 28.46 and 1000 JOYG at 47.96. It's time to buy into tech, corporate budgets will be getting approved and purchase orders will be coming - and MSFT has the products. JOYG has been beaten, and should be heading back towards the $60 point, although I would sell if it got around $55. So there you have my activities, I'm still non-compliant as I'm still holding onto too much cash, but that's just the way it has to be for now. I've heard the pitches to buy aggressively on the downturn, but I don't think we've settled the downturn yet, and I'm waiting for the other shoe to drop before buying - but you can count that it will be aggressive then. In the meantime, I'll be looking for things I like, and may buy some, if I see some indicators that my outlook is wrong. Cheers to you, | ||
