Bought more shares of ACTC this week. During the week the stock dropped from 17 cents per share down to 12 cents. The company then put out a press release saying that the company was unaware of any reason for the drop in the stock price. Within an hour of the press release the stock price had risen to 15 cents and by the next day it had returned to 17 cents per share. I missed the drop and purchased in the mid-16 cent range.
I bought LEI as oil prices has been going up. Purchased shares at $3.95. Sold it six days later at $4.60 per share. On March 7th it hit a high of $5.19 and it closed on March 11th at $3.26. POSITIVE result.
VXX. On February 10, 2011 I bought shares of VXX because I thought the various issues in the Middle East would increase the volatility. I bought shares at 28.46. I set a stop limit and my shares were sold on March 3rd at $30.90 per share. Over the next few days VXX steadily increased and on March 11th it closed at $33.01 although during the week it had been as high as $34.60 per share. My stop limit kept me from gaining an extra two or three dollars per share but I didn't have a loss. POSITIVE result.
Flowserve (FLS). Purchased shares of FLS on October 27 and 28. Received the dividend from this stock on January 14th and sold it on March 3rd. On March 11 the stock was up from the previous day's market close however it was still $7 lower than the price I sold it for on March 3rd. POSITIVE result.
JDSU. After the company reported this week on March 8th I bought shares as the stock dropped. I had hoped that the stock price would rebound the next day. That hasn't happened yet. Although the stock is not much lower than the price at which I purchased it. NEGATIVE result so far.
Rackspace is a company involved with cloud computing. I purchased shares of RAX on October 6, 2010 and set a stop limit on the stock which caused them to be sold on March 9, 2011. The selling price was $13 per share more than my cost basis. POSITIVE result.
Long-term holdings.
Four of the nine stocks that remain in my portfolio had overall positive returns as of the close of the markets on March 11, 2011. Those four stocks are ACTC, CIM (which has 15% dividend), CADX and FSUMF.
These four stocks are stocks that I hope to hold for the long term. CIM is a realty investment trust with a good dividend. Once interest rates begin going up it is likely that the returns on CIM and the dividend will go down.
CADX is a pharmaceutical company that will sell ibuprofen that is administered by IV.
FSUMF is an iron ore company in Australia.
My losers so far are DRYS, PVCT, SQNM and MOTR $12.50 July 2011 calls. SQNM may be releasing a Downs Syndrome test that is more accurate and safer than current tests. Dryships is an shipping and oil exploration company.
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