ss_blog_claim=bf53c2c2a6b5e4b759eb9b46babec032 Stephen the dog: Financial Friday #13

Friday, April 3, 2009

Financial Friday #13



Financial Friday #13

The drop I was predicting came on Monday. I got in early and shorted BAC at the opening. I shorted 500 shares at $6.60 I decided to cover my short right before the closing bell on Monday. It kind of scares me to hold a short position overnight if I don’t have to. I was able to cover at $6.05 and sleep soundly after making $275 for Monday

Current balance $5025


On Tuesday I was looking around for something to invest in and stumbled upon ZLC. Zale Corp sells jewelry and as we all know nothing is market up more than jewelry. I saw a little bit of a bump on Tuesday and ZLC has been climbing a little in the past it looked due for a break out and it was really cheap. I bought 2450 shares at $2.04 knowing the odds of it going down were slim. We had solid support at $2 and the market was moving up. Cheap stocks move big as the market moved. I closed out at $4.10

>


I am super excited in two trades this week I was able to double my money. I am sure somewhere Glenn Noland is looking down and smiling.

Current balance $10,070








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

1 Comments:

At April 24, 2009 at 1:37:00 PM EST , Anonymous Dogasaur said...

Hi Stephen,
What a smart dog you are! If you ever need a short break from the world of finance, you are more than welcome to come play on our new site!

http://www.dogasaur.com

And you can bring your owner too

Hope to see you there

 

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