Since my last post on March 12, 2011 I have not made any transactions. I wish I had made a few prior to the two days that there big losses in the markets in the past 10 days. I think "Ouch" is the best word to describe it.
I mentioned that I had sold my VXX shares after having a gain. Yesterday the VXX shares were selling over $38 each which would have allowed me to gain about $10 per share. Today they are $35-plus. However, I sold them on March 3, 2011 at $30.90 per share.
The VXX shares are for pessimists. Things go bad in the world (ex. broken nuclear reactors or unrest in the Middle East) and the volatility in the markets go up. Then up goes VXX.
ACTC. I am currently hoping that the price of ACTC shares will drop slightly so that I can purchase a few more shares. The company has scheduled a conference call on Monday, March 21st at 9:00 a.m. to discuss its fourth quarter results so I am unlikely to see a price drop prior to the call.
Dividends. I am also going to research some dividend paying stocks. CTL, BGS, FNF and MCY are a few of the stocks that I am considering but have not purchased yet. I am also considering buying NLY or more CIM.
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