day trade madness

Monday, February 20, 2006

no entries lately? That's because there's nothing happening. I have about $20,000 locked up in VBA, OLY and BTA; VBA keeps hovering just below what I paid for it, and I expect it will soon pop its head above water just long enough for me to slice it off and run away with only a tad more than I put in; OLY I bought way too high and am resigned to a long wait; BTA is a mad, volatile stock which I also bought too high. This week they have announced they are trialling a cure for the common cold, and testing their existing products for bird flu efficacy; if both of those come through, I may not sell my shares after all. I may keep them until they go up by a factor of ten, then sell them.

meanwhile, from my "hold" portfolio, my vote for most boring stock: RAB, which I bought at $1.28 two months ago, which is still at $1.28, which has had no trades since I bought that stock, despite a standing order for several thousand shares at $1.30, which has been there for WEEKS. it pays a tidy dividend, owns some solid properties and is dead boring. a good retirement stock, methinks. I'm not selling mine any time soon, put it that way.

0 Comments:

Post a Comment

<< Home