ss_blog_claim=bf53c2c2a6b5e4b759eb9b46babec032 Stephen the dog: Financial Friday #3

Friday, January 23, 2009

Financial Friday #3

As I mentioned last week I have been watching Bank of America. BAC continued to drop Monday and Tuesday. I was not really sure what I wanted to do so I put in a buy limit order for $5.25. I figured owning BAC at $5.25 would not be a bad thing even if I had to hold it for a few days. I ended up buying 77 shares at $5.24 when the order triggered.

After I bought BAC continued to fall eventually hitting $5.02/share. It remember crossing my paws and thinking it has to come back it has to bounce off something. There was a ton of volume and there seemed to have been support around the $6 mark based on the charts.

I ended up holding BAC until almost market close. I considered carrying the position over the weekend but that would violate one of my trading rules so I didn’t do it. I dumped my BAC position just before market close for $6.28

Current balance $483

Disclaimer: I am a dog. I am not responsible for any investment decisions you make. Come on if you are reading a dog’s ODD to get ideas for you portfolio you have issues. I do not recommend using any of the information to make any investment decisions. Basically I am not responsible for your money. Do what you want but I have no responsibility here. Come on I am a dog. I don’t think you can even sue a dog. The information provided on this site is not financial advice and I am not a financial professional. This is a journal that details my investments, strategy, and analysis for personal use. Feel free to read at your own risk


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