ss_blog_claim=bf53c2c2a6b5e4b759eb9b46babec032 Stephen the dog: Financial Friday #20 ABK and Ford in play

Friday, May 15, 2009

Financial Friday #20 ABK and Ford in play

This week I decided to play two different stocks. Putting all my eggs in one basket is a little scary. I do use stop orders to limit my exposure but still sometimes it is good to spread out a little bit.

Last week I bought ABK and this week I shorted it. I love when I came make money buying one week and make money shorting the next week. I shorted 8,000 shares ABK at 1.96 and was able to cover at 1.31 for a $5,200 profit. I also bought 4,000 shares of Ford (F) on wed at 4.83 and just sold them at 5.38 for a $2,200 gain. Thus I was able to make $7,400 this week. Not too shabby for a dog. Now that I have more capital it is actually getting easier since I can weather a few losses.

Current balance $36,381

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 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


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