day trade madness

Sunday, December 10, 2006

7/12: bought 10,000 FER at .70 for $7000
12/12 sold 9,000 FER at .99

profit - about $2800 plus retention of 1000 shares.

now THAT'S more like it. even the fact that it's currently trading at 1.04 can't dampen my pleasure. and even though this probably only brings me marginally above break even when interest etc is considered, I still feel quite rich. even better, FER does a Good Thing - it has a seemingly reliable non-invasive test for early breast cancer. a bit wistful in that I wonder if I kept the whole 10,000 I might not clean up even more. but a policy's a policy and a 40% gain in five days screams SELL.

several other shares - BTA, REA, and the dreaded silver miner struck by the typhoon - continue to limp along at 10% below purchase. ah well. they'll get there.

Monday, December 04, 2006

someone told me: buy silver. so I did: MMN and LAF, in equal parts. MMN is now up 25%. LAF's mine suffered a typhoon and is down the same.

not sure if I should, but I'm going to take the profit on MMN, keeping $500 of shares, and I guess LAF will recover eventually.

biota is gradually crawling back up. I think that, dotcom booms aside, the real time you lose in this game is when you are forced to sell low.