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Post by bankedout on Aug 20, 2012 16:14:34 GMT -5
I bought another 100 shares of CPSS today at $2.81
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Post by bankedout on Aug 22, 2012 16:51:12 GMT -5
Today I sold 100 shares of REED at $6.94 I put in a limit sell last night after seeing the stock have a lot of volume but make little progress higher yesterday. My remaining 100 shares have no cost basis. I purchased 294 shares on 6/27/12 for $3.17 per share and have sold enough to cover all purchasing costs and have taken a small profit. The final 100 shares will be pure profit when I eventually sell them.
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Post by sd on Aug 22, 2012 18:24:17 GMT -5
Congratulations on the substantial gain!
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Post by bankedout on Aug 23, 2012 8:38:28 GMT -5
This morning I purchased 150 shares of WZE at $4.32 They will be merging with a Chinese company that is profitable and spinoff one of their businesses on 9/5/12  |
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Post by bankedout on Aug 24, 2012 9:18:22 GMT -5
I sold my YUM today at $63.87 My Uncle still owns it, but I want to put my money to work elsewhere.
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Post by bankedout on Aug 24, 2012 11:05:38 GMT -5
Today I purchased 300 shares of SGRP at $2.12 per share.  |
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Post by bankedout on Aug 24, 2012 11:46:04 GMT -5
I bought 190 shares of GV at $2.12 today.  |
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Post by bankedout on Aug 27, 2012 10:21:34 GMT -5
Today I sold my CMI at $99.26. My Uncle still owns it, but I want to put my money to work elsewhere.
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Post by bankedout on Aug 27, 2012 11:08:06 GMT -5
I bought 110 more shares of GV today at $2.19
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Post by bankedout on Aug 27, 2012 22:25:13 GMT -5
Today I purchased 200 shares of MSON at $3.00 per share.  |
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Post by bankedout on Aug 29, 2012 14:02:18 GMT -5
I bought another 100 shares of MSON today at $3.25 per share.
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Post by sd on Aug 29, 2012 17:36:13 GMT -5
I have to ask if low volume is not a concern? I noticed that MSON trades intraday with a small 16K volume and wide gaps often occur intraday- this works in your favor when price is rising, but could be a sharp downside should something occur to cause a sell-off. I'm sure you factored this in when choosing the trade, and was curious as to whether you view the low volume trade differently? Thanks, SD
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Post by bankedout on Aug 30, 2012 8:30:54 GMT -5
I'm such a small player that low volume doesn't mean much to me. I'm usually buying or selling less than $1,000 worth of stock per transaction.
On thinly traded stocks I look at the Level 2 order book and decide whether to use a market or limit order. I also think carefully about whether I can use a stop order to enter or exit effectively.
For MSON I used a limit buy to purchase my initial shares at $3.00 and I used a market buy to get my add on shares at $3.25 (there were 1,000 offered on the ask at that price at the time).
The combination of low volume and small float can lead to volatile price moves in both directions.
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Post by bankedout on Aug 30, 2012 13:12:08 GMT -5
Today I sold my shares in HSY. My Uncle still owns the stock. I want to put my money to work elsewhere.
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Post by bankedout on Aug 30, 2012 14:18:08 GMT -5
Today I purchased the following:
100 more shares of CPSS @ $2.64
50 more shares of WZE @ $4.99
100 more shares of GV @ $2.29
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