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Friday, June 11, 2010

Patience Prevails

After I bought bxc at $3.42 the market had a solid week of big downs. One day the market went down 2%. Bxc dropped all the way to $3. I knew that I had to wait it out, because I knew I bought bxc at a good low price and that the stock can't go down lower than 3$. The last three days the stock made a big turn around. Today I sold BXC at $3.62 giving me a profit of 5%. Now I will take the weekend and next week to find the next stock to buy. I am going to look for a day where the market is down a lot. I think that next week we will see another super low day where most stocks are down between 5 and 10%.

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