Sunday, June 10, 2007

IRA game comes to an end

...and unfortunately, I have to conclude that I'm not a player :(

Last steps I'm planning to take: get out of DIVX position and replace it with something resilient to crisis. It may be KO, or PG, or JNJ. Sadly, I don't even have enough funds to open a position in GRZZX. This almost has been a humbling experience. I'm totally puzzled about folks in stock games doubling their virtual portfolios in a week. What's the secret?

One discovery I made during this time, is that zero-fee brokers are starting to appear. Makes sense to me: have ad-supported brokerage that allows a limited number of trades per month. I do fit the profile, for sure. Only limitation could be that they may not allow IRA accounts... But it will only be a matter of time before they do.

Another thing to mention, whether you would grin or feel sorry for me, is that just after I opened position in USU, next day it'd fallen 4.8%. That's not a touch of Midas I possess, it seems :)

Wednesday, June 06, 2007

Exchanged ASN for USU

One might think it's way too late in the game to play Uranium.... and may be it is, but I wanted to get into USU for so long, I could not resist the opportunity offered by what appears to be small correction as of recent week.

Sunday, June 03, 2007

Portfolio update

At least I was right so far about the LUKO.Y stock. In less than a week, it rose nicely and prospects are good for my closing the position with a gain. DIVX has been a disappointment so far, and I still lack the courage to close the position taking a loss. OTOH USU has stopped to gain stubbornly, an opportunity to buy cheap(er) is close from what it looks like. In my other portfolio, I was quite fortunate to open ASN position approximately 1 month before its acquisition was announced. So I get to reap the stock increase and the last dividend payout. And now is the time to close the position, I think. Overall, market looks so crazy that it makes me want to cut and run. Least favorable scenario, market bust happening while I'm on vacation. Need to think about that seriously, with little time left to make arrangements.