BUY BUY BUY BUY BUY

Now is the time to invest in some indexes....for the long term. I'm talking, I just invested $1000 in AMRMX. I don't plan on selling until 2030, so hold on tight for the long haul...

Abandon Ship?

Over the past three days, I have suffered substantial losses. 16.72 percent of my entire portfolio to be exact. Why am I not worried? Because that's part of getting rich slowly. I'm not looking for a 100% rate of return on my investment. I know that isn't feasible. The whole point of investing is to watch your money slowly grow and part of that is watching helplessly as the stocks you own take a dip. Am I selling tomorrow? No. Most of the stocks I own, I'm going to hold for at least a year, except for the couple on the PINK Sheets I'm looking to unload as soon as they turn a profit. The market is a rollercoaster, sometimes you have to just put your hands up and scream until the next slow climb.

Watchlist Wednesday

UPDATES:

CCO - value last week: $11.58 value this week: $11.87 gain/loss: +0.29

PLA - value last week: 4.38 value this week: 4.18 gain/loss: -0.20

WFMI - value last week: 38.29 value this week: 40.35 gain/loss: +2.06

GS - value last week: 152.68 value this week: 149.61 gain/loss: -3.07

BPOP - value last week: 3.93 value this week: 3.81 gain/loss: -0.12

OC - value last week: 32.23 value this week: 34.44 gain/loss: +2.21

CIIC - value last week: 2.00 value this week: 1.29 gain/loss: -0.71

Back to the drawing board

Bought PRAN @ 1.63 on 05/04

I bought PRAN May 5 when the market was down 250 points thinking this was a great opportunity for a buy. However, the market is still down this morning 05/05 and PRAN is down to 1.53. This was a high risk high reward buy and am holding because this stock still has the potential for over 100% gains...

Hindsight

Well, I don't know if you checked the market today, but it's getting crushed. Buying BWLD at 41.80 doesn't seem too brilliant at this point since today it's at 40.46. Would have saved me 3% just to wait. Overall portfolio is down 3% today, so we'll just have to sit and wait for them to go back up so I can unload EHSI, BLGW, SEH, DAR, and MEG at their profit targets. Watchlist Wednesday updates coming tomorrow

Bought BWLD @ 41.80

Earnings for BWLD came out on Wednesday and although they made $667 million dollars, it was around 200 million lower than the first quarter of 2009, so naturally people were becoming skeptical and the stock slide a little bit (approx 15%). I love Buffalo Wild Wings, especially right before football season. Getting in now would be pretty logical. I put in an order at 41.80 and sure enough on Thursday it slid down for just long enough that my trade was executed. I'm gonna hold for about 6-8 months and unload early Feb. I'll keep you posted.

JUST BOUGHT TSL @ 24.85

TSL is announcing earnings later this week which shoud be solid due to their conservative guidance at the end of the 4th quarter in 2009. Hoping to get a good early start with this one. Slow and Steady my friends...

PRAN has been added to the watchlist...

Watchlist Wednesday

Wow, market took a huge hit yesterday. Let's see how it responds today, but I bet it finishes down again. Look for a big jump on Friday to keep it going into the weekend. Watchlist Wednesday is when myself and Frito will post the stocks and funds we're watching to find a good time to purchase or decide we don't want it afterall. Here's the one's we're eyeballing:

Frito: TASR, JASO, ACAD, PWER, BPOP, MIPI, EAR, NANO, PRAN

Lion: CCO, PLA, WFMI, GS, BPOP, BWLD, OC, CIIC

We'll keep you posted. What stocks are you watching?

Frito's Portfolio

Currently Holding:

TSL-Trina Solar- bought @24.85 --on 4/28/10

UYG-financials Index- bought @ $101.10, $39.18, and $31.17-- currently @ $73.72

MRVL-Marvell Tech- bought @ $19.90 -- currently @ $21.84

SMBL-Smart Balance- bought @ $5.79-- currently @ $6.84

TASR- Taser Inter.- bought @ 5.95-- currently @ $4.77

Previous Transactions (most recent on top):

EHSI- bought @ $1.50 and $1.23- sold @ $1.60

BLGW- bought @ $.50-- sold @.72

PGPDQ- bought @ $5.60-- sold @7.00

VVTV- bought @ $.63 -- sold @.54 ----BAD MOVE

JASO- bought @ $24.19 --sold @25.04-- ON WATCHLIST

CROX-bought @ $18.02--sold @11.11

AKAM-bought @28.00--sold @33.65

GLW-bought @21.63--sold @ $23.66

As of today my portfolio is up 24.77%. First purchase was in January 2008.

The Lion's Current Portfolio

The catalyst to this blog was selling CPF on Friday @ 3.75. I bought it for 1.50 (1.43 + 7 dollar commision fee) on 10/30/2009. Profit of 150% percent. I got a little cocky and thought I should post all my transactions so everyone can see how easy it is, especially in the market today. So, here is my current porfolio and I'm sure Frito will post his after:

Bought AXP @ 25.20 per share, currently at 47.14
Bought BLGW @ .8076 and again at .5284, currently at .674
Bought CLNE @ 16.81 and again at 15.90, currently at 19.63
Bought DAR @ 7.63, currently at 9.45
Bought EHSI @ 1.535 and again at 1.34, currently at 1.60
Bought HBIO @ 4.38, currently at 4.40
Bought MEG @ 9.71, currently at 12.74
Bought NVDA @ 10.08, currently at 16.60
Bought SEH @ 11.81, currently at 14.34
Bought SOL @ 2.49, currently at $7.45
Bought UBET @ 2.37, currently at 3.03
Bought WMT @ 55.59, currently at 54.04
Bought XTEX @ 12.11 and again at 1.51, currently at $11.85
Bought ZUMZ @ 13.92, currently at $20.71

Currently, my portfolio sits at 60.15% unrealized gain on investment. I'll update the blog whenever I make a move. Watchlist coming soon.

WELCOME!

This is obviously just starting out but basically I wanted to give people an idea of what we plan on accomplishing with this blog. It's not about getting rich quick, it's about getting rich slow. Slow and Steady, just like the tortoise. Myself and my partner will post our stock transactions allowing you guys to follow along on our progress. Our triumphs and failures. So you too can see that if you're smart with your picks, you can make easy supplemental income in the stock market.