New Stock Purchases Up 10.74% Since Jun 13, 2006
Posted by Frugal on June 23rd, 2006
As of 12:32pm EST, my new stock purchases since last week are up 12.46% on arithmetic average of percentage, and up 10.74% on dollar-weighted average of percentage. The performance doesn’t include commission which is tiny in percentage. I won’t give out the symbols that I’ve purchased. Pretty much all of my symbols are the component from GDX anyway, so you can simply look through that list for your stock ideas if you’re interested in precious metal market. I made total of 10 purchases. All of the stocks that gained less were purchased later in comparison to the bigger gainers.
- 15.28%
- 16.38%
- 13.76%
- 9.53%
- 19.78%
- 6.1%
- 13.77%
- 4.72%
- 21.35%
- 3.91%
HUI currently at 309.82 has gained 14.5% since the lowest point on Jun 13. For the reference, Scottrade’s junky trading system that caused a cancelled trade not to be cancalled is still costing me -6.5%, which I could have turned it into another 10% gainer.
Time after time, I still cannot convince my parents, my brothers, and my parents-in-law to put together some money to invest at the good time. Last time when I told my brothers about a good buying opportunity, my own purchase went up 55% from 7/5/05 to 6/22/06, even after a big drop of some 30%. This time again, my brothers did nothing. Well, none of my relatives except one is listening to me still. Just don’t know how I can get them to listen to my advices.
To my readers: I know most of you don’t read my trading journals. But the world is changing BIG time right beneath you, and I just cannot emphasize that strong enough.
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June 23rd, 2006 at 10:53 am
Frugal,
Nicely done. Are you going to trade these positions or are they longer term holds?
ML
June 23rd, 2006 at 11:00 am
I will probably trim some either from my old holdings or the new purchases if the market goes back up to a high point. But I buy stocks mostly for long term holdings. Simply don’t have time for trading in & out or watch it how it swings. It has been a long time since I “splurge” thru my cash.
If the market doesn’t dip, I may again park some of my cash in the dividend stocks.
Too bad that you went on vacation. But you still got filled on selling your PUT & other stuffs. So that was probably good.
June 23rd, 2006 at 1:03 pm
I like reading your trading posts (please continue them). It gives me a chance to see another trader’s mind at work, and it’s been something that I’ve been interested in for a while.
I will say that I know almost nothing about the pm market, other than the two efts tracking gold and silver and how to buy and sell the actual metals themselves.
June 23rd, 2006 at 1:55 pm
Thanks for your feedback Merez. I seldom do any big movement like this however. Once things are back to more “normal” (not sure how to define it), I may be doing nothing about my portfolio.
June 23rd, 2006 at 9:35 pm
Just another FYI. Because now I can almost trade for free from my FirsTrade account (due to all the referals from readers), I had the advantage of splitting my transaction size into smaller bites without incurring transaction costs.
June 24th, 2006 at 12:28 pm
My plan going into the week is to sit tight and see if a dip materializes with the Fed meeting. If it doesn\’t go down, it\’s ok because I have 30% in. If it does, I can stop kicking myself for not being all the way in already.
June 25th, 2006 at 12:04 am
It’s good that you’ve got 30% in. Certainly better than nothing, or at least so far that’s how it looks like. I’ve got 50% in, and I’m hoping to put 30% more. We shall see how it unfolds.
November 29th, 2006 at 6:58 pm
Hi Frugal,
I just discovered your website. It is very thorough and covers just about everything financial.
Please add me to you email list. I look forward to your updates.
Regards,
Tommy Cheng
November 29th, 2006 at 11:52 pm
Thanks for your compliment.
Email subscription is to the right under “Subscribe”.