day trade madness

Thursday, May 11, 2006

WTE finally came from being well below my purchase price of .039 to just above it; I had a feeling .043 was the place to be, but left it at .044, and sure enough it peaked at one sale of .044 - not my parcel of .044 either. now I'm halfway through selling out at .042, a mere $400 profit on a couple of months of having $6000 tied up. but all the same, at least I'm unloading it; BTA continues to slide.

I noticed that PSV has gone up 50 per cent since I bought a small "keep" parcel in January. apart from annoying me that I didn't keep the two tranches I bought and sold for mere hundreds of dollars, this spooked me so much I sold out altogether; I'll buy back in if and when it goes down, and just $1000 worth. a $500 profit is a $500 profit, however it comes. and because REA put out a complex share splitting deal that drove up the price 15 per cent - but, I suspect, only until the deadline for the deal passes - I also sold out of that. my original $500 from five years ago is now worth $2000, but there are a couple of safe little property/share fund things launching soon that I think I should put the profits from those two into. in fact, as I write, that's a good new principle: recycle significant profits from the "hold" portfolio back into itself, as opposed to the daytrademadness money.

the play money is reducing anyway. I've bought a bit of art, and until BTA recover, there won't be much floating about. as well, I'm getting nervous about how hot the market is. and my country castle needs a new roof.

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