finally, a deal came through within 24 hours: my RIN shares, bought at $16.88, sold at 10.30 the next morning for $17.25. a whacking profit of $166, BEFORE brokerage of $40. not a huge profit, but not bad for a day. and the stock peaked at $17.30, so I was lucky to make a profit at all.
next target: PSV, another gold mining stock. BGF of course went way up beyond my sale trigger, and I could have made another $400. but that's the nature of this; you can't know for sure what's coming. anyway, PSV has been hovering and bouncing up and down, and I've bought about $7000 worth at .335, with the hope that it'll reach .35 sometime in the next couple of weeks.
seriously considering a short-selling attack on the AWB, which is diving like an Olympic champion on the idiocy it committed over Iraq. what worries me about selling short is that you have to come up with the stocks on sale day; there is no option to hold on and see what happens. if I can "sell" them for enough tomorrow morning, I might go for it. All I'd need to make $200 would be a ten-cent drop on a $4.80 share; and given that the AWB is getting thrashed to death in the inquiry room, it seems likely. of course other people are probably doing the same, but not so many as are trying to ride the rising stocks up.

0 Comments:
Post a Comment
<< Home