Took a gamble and put in a buy order for Citigroup last week at 5.00 when it was trading around 5.40. I did my research. Checked reports, call/put options, potential good earnings report scheduled for today etc and figured 5.00 was probably pretty safe. It pulled back enough last week to execute only to be slammed the next day thanks to the completely coincidental SEC charges filed against Goldman Sachs. Naturally.
So, I doubled down and bought some more at 4.60 with a tight stop.
It luckily stablized around that price on Friday. They did in fact report earnings of 4 billion dollars for the quarter....best in 2 years which shot the stock up over 7%. I'm hoping it will move over $5 tomorrow and will continue to move up throughout the year. I bought it for a short term play only figuring I could make more if I played smart than just letting the money sit in cash and earn 2% interest.
Monday, April 19, 2010
Thursday, March 18, 2010
Buy orders
Looks like a couple of my limit buy orders executed today. Market has been dragging this week. No doubt on fears of the healthcare scam mess.
Bought some more SLB and HGT as well as purchased more shares of my USAGX. All of them have seen recent 10% + declines. Let's hope they only go up from here..........
Bought some more SLB and HGT as well as purchased more shares of my USAGX. All of them have seen recent 10% + declines. Let's hope they only go up from here..........
Wednesday, January 6, 2010
Gold and BEXP
Been a while, eh?
Yeah, I've been busy these last 6 months trying to get my country back from grubby socialists.
Which is why I built up my gold positions last year. Bottom line......money printing equals inflation. Period.
Going with my last entry, I've held on to my BEXP and have enjoyed seeing it go from 1.20/share to over 15.00 in about 9 months.
XTO Energy got a nice 20% bump in mid December after announcing that XOM was buying them out. Exxon is trying to get in to the natural gas market. XTO is the company that purchased Headington Oil who has wells in the Bakkens. My parents received mineral rights checks every month from Headington but are now getting them from XTO. I guess they will now be sent by Exxon.
I'm not sure how 2010 will play out yet with so many unknowns about what the government is going to do as far as legislation and regulations. I'm cautiously a buyer of a few stocks but mostly building up cash in anticipation of a big pull back and a lower entry point.
Yeah, I've been busy these last 6 months trying to get my country back from grubby socialists.
Which is why I built up my gold positions last year. Bottom line......money printing equals inflation. Period.
Going with my last entry, I've held on to my BEXP and have enjoyed seeing it go from 1.20/share to over 15.00 in about 9 months.
XTO Energy got a nice 20% bump in mid December after announcing that XOM was buying them out. Exxon is trying to get in to the natural gas market. XTO is the company that purchased Headington Oil who has wells in the Bakkens. My parents received mineral rights checks every month from Headington but are now getting them from XTO. I guess they will now be sent by Exxon.
I'm not sure how 2010 will play out yet with so many unknowns about what the government is going to do as far as legislation and regulations. I'm cautiously a buyer of a few stocks but mostly building up cash in anticipation of a big pull back and a lower entry point.
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