Bought VRNM At 30.7 Cents
By admin on Apr 7, 2009 in buys, stock trading
My system is telling me to consider these five stocks today: MESA (currently about 13 cents), AOG (6 cents), PMI (76 cents, and yes I just sold this yesterday for 65 cents), PIR (77 cents), and VRNM (31 cents.)
I decided to buy VRNM because it’s chart looked most inviting to me, it looks like it’s bouncing off the bottom. I got in at 30.7 cents.
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LJPC is now up about 20% from the point I was supposed to buy yesterday (if I had the cash free.)
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I’d currently have a 10% gain with PMI if I had stuck with it. It’s hard not to kick yourself when that happens but you have to cut loose at some point.
Possibly bad timing on this. Down nearly 10% today even with the overall market being up. I should probably cut my losses and move on but Obviously PMI memories linger (I’d be up 13% with PMI right now if I had held.) I don’t like being in this position.
Maybe the real lesson is to not jump into a stock that doesn’t feel quite right - this one felt like a risk from the start as it hadn’t shown significant break through action yet. Trying to call the bottom is a difficult thing… But the temptation is there of course.
admin | Apr 8, 2009 | Reply