ss_blog_claim=bf53c2c2a6b5e4b759eb9b46babec032 Stephen the dog: Financial Friday #18 ABK in play

Monday, May 11, 2009

Financial Friday #18 ABK in play



It has been a busy week. On Tuesday I noticed that ABK seemed to be setting up to follow a channel. It looked really good and since ABK had been holding steady for the last couple of says I felt confident throwing everything I had at it. Besides I am a dog if I lose money I still have 3 squares a day and a nice dog bed. I ended up buying 18698 shares of ABK at $.96 on Wed the stock ran up to the top of the channel and I decided to get out. You have to stick to you fundamentals. Fundamentals protect you from huge losses but sometimes they can hurt you too. I don’t own any BAC at $4 because my fundamentals made me see it BAC is trading around $13.50 currently. That would have been a nice gain but would have violated my rules.




Anyway I sold my ABK on Wed at $1.55 for a pretty decent gain of 61%. Yeah it was a good week not too bad for two days.

Current balance $28,981

Current balance: $17951Disclaimer: 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 your 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 May 11, 2009 at 7:28:00 PM EST , Anonymous Andrea said...

I think it's great you're in touch with your playful side, but do you worry that readers won't take you seriously if you are wearing what looks like part of a child's halloween costume?

 

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