Monday, May 15, 2006

Trading News Update: Gold Corp Shares Sold.

Whew! That was a long ride. It's been over a year since I bought 100 shares of Gold Corp at $12.41. Friday I finally sold stock for $37.90! Good thing I sold it when I did, actually I should have sold on Wednesday. The stock had soared to over $40.00 before beginning its correction.



http://www.google.com/finance?q=GG

Still, $37.90 wasn't bad considering GG closed today under $34.00. I continue holding 23 shares of GG in my retirement account. I will recommend GG if you're long. I sold it because I needed to free up some cash to buy another cheep stock.
This Morning I did a little day trade that proved to under perform. I purchased 166 shares of Orion Resources (NTO). Like Gold Corp, NTO is mining for gold, but in Argentina and Cuba. I figured that since these are countries I do not like, investment in them would be a wise choice. Truth of the matter I sold too soon. I got in at $5.12 and skipped out at $5.35. The stock closed at $5.27. My guess is I should have hung in there. I expect it will climb in coming days. Although the trade did not meet my greatest expectations, I did manage to add $26.00 to the coffers. Actual gain was $46.00 but I had to pay $20.00 in commission. Not bad considering they procured the shares at significantly less than the limit I placed. Well it's past my bedtime. The market opens at 7 am Arizona time and I want to see how my next purchase goes. I placed an order for ACLS solely because it has taken an unnecessary beating lately. Considering the sudden and marked downturn of the market in general, I anticipate ACLS to recover near it's 52 week high. THis will likely be a long position. I'll give it a week and We'll see what happens :)

3 comments:

Anonymous said...

Good for you not being a sheep conformist! Imo society needs more people like you to get rid of those stupid limitations and fears our parents and others try to push onto us and program us with just because it's THEIR tastes/opinions. People will bring up about birth and mental defects bearing children with family that are too close, such as siblings, but it's not the case with more distant relatives and who says that just because people are in a relationship that they have to bear children (other than the religious fanatics who yet again try to push their ways onto everyone else).

It not only irks me about people trying to push their own fears and tastes about sexuality onto others but other matters as well because it's as if they think the world should revolve around them only.

Anyway, congratulations on sticking with your own views and tastes and not surrendering to the enemy who want to shackle and fetter you in their dungeon of fears and enslavement (unless that's what you like)!

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