Financial Friday #5
This was another rough week for the financial sector. As you know I have been following BAC for a while. Well it took a dive this week hitting about $4 per share. I was shocked and amazed that it would take this kind of a fall although it is now tracking the financial sector as a whole.
I ended up putting up putting in a limit order to buy at $4 figuring if it triggers great if not no big deal, well it triggered and I ended up buying BAC at $3.99. I bought 134 shares and on Friday it was still going up but I followed my rule and sold just before market close Friday afternoon. I got out at $6.13/share. This was a good week. My A is actually still holding some BAC in his portfolio so hopefully it will continue to go up. I have advised him to sell it since I have a feeling it will start to drop sometime midweek.
Current balance: $821
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