Rite Aid

After selling ETFC, I have now moved the $500+gains ($523 to be exact) into RAD at $1.7 per share. I thought about getting back into ETFC since it's now back to where I bought it last time, but from my observation, it could ride down as low as $1.4 before climbing back. RiteAid looks to be similar in pattern, but this is my take for now. Reason? It's been dropping consecutively since September 17, time to surge back should be around the corner. Potentially 15% move upward or 10% downward.

Sold ETFC @ $2

Action Today:

Sold ETFC (300 shares) at $2.00. Total gain (excluding fees) is roughly 12%. I have not yet considered any stock to buy at the moment, but will post any info. on my next purchase.

Sold

300

$2.00

Settles on 09/24/2009

3:22 PM 09/21/2009

Let the Fun Begins!

As mentioned last week, I plan to restart my little game of "What $500 Can Do For Me".

After placing $500 into my brokerage account, I moved those money into ETFC, buying 300 shares at $1.74 per share. My so-called-picked is the continued observation of the ETFC currently in my IRA account, performing at +16% as of today. Since it has recently been upgraded, there should still be room for it to ride up, edging closer to $2 mark.

Because the goal here is to make money in short time, risk/reward is the main engine. Speculation and optimism is the key to my pick. Any stock that has high vulnerability is highly considered due to the fact that they are usually price sensitive.


As for today, Monday 08/31/2009

Bought

300

$1.7391

Settles on 09/03/2009

3:52 PM 08/31/2009

Let's see how it goes tomorrow.

Start Over

I have been lacking discipline in my investment as well as my blog contents. So, here I am, starting over brand new, fresh start.

I will put a fresh $500 into my brokerage account next week, and will carry on with this little game of mine — What $500 Can Do for Me?

See you next week.