Sold Radcom

Last week I sold RDCM at $11.50. Which gave more than 5%, which is good for me and my goal. My next trade was Netflix. It went down to $166 and i bought it. It is already up two dollars and i am sure it will continue to go up this week. I bought netflix because it went down almost 10%, and when netflix goes down 10%, it always goes back up. Shoe Covers

Update

Radcom is doing a lot better. Another reason why i have been holding onto Radcom for this long was that the earnings report comes out this Monday. I know that the earnings will be high, and i am hoping it will shoot the stock up. If it goes up as planned then I will probably sell it in the next couple days.

Random act of Kindness

I personally believe that it is really important to do small acts of service. One day when i become rich, i want to be able to pay for other people's dinners or groceries. This weekend i had the opportunity to do that. I was in line to buy some food at the grocery store. I noticed the person behind me only had a few snacks, so i offered to pay for his stuff. At first he was hesitant but i convinced him that I wasn't a weirdo and that i Just wanted to do something nice. He accepted and I felt really good about myself.

I haven't made a trade for a month, which is unusual for me. I have been holding onto RDCM in hopes that it will jump back up. I expect it to do so very soon. I thing that I have learned is that it is impotant to make goals and do what you know works. My goal is 5% a month, and I know not to buy high and sell as soon as I make that goal. Last month RDCM went up like 15%, and I decided to hold onto it, thinking that it would keep on going. But then it tanked, and I hated myself for not selling it when I was way past my goal. I will try not to make these stupid mistakes any more. It also helps to have friends and colleagues that help you maintain that goal.

Rdcm

I am still holding unto RDCM. I know its a good company that is doing great and good news is still coming out. This week was still mostly down, but i hope that this week will mostly be up. I am going to start researching new companies to fin more opportunities to buy. Leap Frog was a good choice if I would have bought it a month ago. It was on my watch list, and it went up like 20%.

update

Radcom has been up and down last week. Today the stock started off good but for some reason it dropped like 50 cents in the last 10min of the trading day. A stock like this, it is very common for the price to change a lot each day. I was originally going to hold onto radcom for a long term, but i realized that my goal of 5% a month is a lot better, with set goals. Once radcom reaches 11.10 or above, i will sell and keep my profit and look for the next opportunity. Haup still hols constant around $2.80. It has potential, but going no where right now.

RDCM

I bought RDCM again. This time I am going to hold until it starts to slow down. I bought many shares at $10.75. Today it closed at $11.75, which is about 10% for me! I could sell my shares and be in a good position, but I believe that RDCM will continue to grow to at least $20 a share this month. That would be a total 0f 86%. I am not 100% sure that will happen this month, but i feel like it will for sure by the end of the year which would put me at a profit of 150% in 10 months.

After Haup I bought RDCM at 7.68. It only took a couple of weeks for RDCM to reach 5%. RDCM is going to be hugh and continue to grow. After I sold my shares RDCM continued to grow and still is. A very good long term investment. I will probably buy RDCM again once it drops a little. I also have my eye on Haup and watching the news and reports on it.

The Right Stock and the Right Time

Greg has been doing his research a found a rebounding company named Hauppauge, HAUP. I, Devin Hutchings, bought the stock at 2.43 per share. The earnings report came out the day before and it was super positive, but for some reason the stock didn't shoot up. It was down like 5%, so I bought it hoping that it might go up. The next day haup shot up to 30%. For me that is a lot and I sold my shares. I made a good 25% because i sold a little early, but that is still really good. That makes me up 57% since April. Not bad!!!! Three more percent I will reach my goal for the year in 5 months. This means that there is a possibility of making 120% in a year. My new goal is 100% by April 2011.

Netflix

Netflix went all the way down to $99 per share! I bought it at $103. The reason why netflix went down was that they didn't meet all their goals for the quarter. But they still made big money!! So i knew it would go back up within weeks. Sure enough after a week the stock went up to $113 and i sold it. I made another 6% which puts me up 32% since April. After I sold netflix I bought a stock called ADAM. They are a good company, but super risky stock. I will let you know what happens later.

Big losses lead to Big gains

I bought BXC at 3.25 about a month ago. After I bought it it did very well, but my vacation prevented me in selling the stock, so I had to hold onto it. After my vacation the whole market crashed. Greg and I saw it coming because of the news and fundamentals of the market. I decided to wait it out because I knew that BXC has the potential to come back quickly from losses. The stock dropped all the way to 2.60. But then this week a company bought out BXC and the stock price grew 40% and I sold it at $3.65. That gave me a 7% profit, which puts me at an overall 25% gain since April. Goal=20% Actual=%25. This means i am ahead of our goal of 5% a month. I will continue to try to exceed the goal and buy a stock next week. All the stocks are up right now, so i am going to wait for a good down day to get back in.

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%.

On Friday I sold MPG at $3.03. I made a solid 13%!!! Today has presented a perfect time to buy more stocks. I bought BXC at $3.42. It was down 8%, and I knew that it most likey will go back up to break even. I plan on making 10% by friday, but our plan id 5%. So anywhere above 5% is good. Greg bought PMI, which is going to be huge one day, at $4.20, which was down between 9 and 12%. We are planning to make some big money by Friday. I have a feeling that June is going to be an up month in the overall market. So we will take advantages at any down stocks.

On Tuesday I bought MPG at $2.62. Yesterday it ended at $2.72, and Today it is at $2.93! That means I made about 12%. The bad news is that I bought the stock quickly by using unsettled funds. Which means I can't sell my stock until tomorrow. Hopefully by tomorrow it will be the same or even higher.

Sold and new Buy

Devin: my stock NLS was not doing as well as I thought. After a week I lost about 2%. These last weeks have been tough, but no excuse to lose money. I noticed a certain stock that was getting hit hard constantly. Some days it was down between 12% and 5%. I sold my NLS stock and bought MPG at a low point. The next day I made 13%. I would have sold it and made a big profit, but since I used unsettle funds, I have to wait until Friday to sell. Its okay, because I believe that the s=market will go up a little, and this stock will go up.

Greg is doing well. He invested in RDCM, which doesn't follow the general market. Today it went up as much as 20%.

Today's Low

Today made a perfect opportunity to buy. I decided to buy NLS today. I bought it at $2.55. It wasn't the lowest point, but I thought it was pretty low. Another reason why I bought NLS was that in the last couple of days it has been going down, and the overall business is doing well. I know that it will go up this week. It might take a couple of days but I have a good feeling about this buy.

Devin: The Dow and the rest of the stock market was hit hard today. Lucky, the last stock that I had to sell was JASO, and it ended up 1%. I believe that the market will rebound on Monday, so I will sell JASO when the market opens and look for the opportunity to buy early in the morning. I am looking at NetFlix, RDCM, PMI, and GRO. All of these stocks went down, and if possible I will look for the low point on Monday and capitalize on the moment.

watch list

Here are some stocks that can make 5% in one day:
(WNR) (SRT) (RRI)(QXM)(PRGN)(ONAV)(NRF)(NLS)(MPG)(MAG)(LF) (KFS) (GAP)
NFLX

New stock to watch

Devin: I have been keeping my eye on the National Bank of Greece(NBG). As we all know Greece basically went bankrupt and has been seeking help. Therefore this stock has been doing bad and got hit hard and went all they way down to 2 dollars. When the bail out took effect, the stock jumped 12%. Since Monday it has been declining slowly. But I think that with more bail outs and help, the bank of Greece will recover some what. Greece is to cool to go out of business.

Update

Devin: I sold GE and FITB yesterday when they were both high. I made an overal 7% on those two stocks. The stock that brought me down was Amback. I sold my shares yesterday at 1.45 and just accepted the loss. You don't want to hold on to a stock that is doing bad too long, because there are stocks next to you that are going up like crazy. Sometimes you need to accept the sunk cost and invest somewhere else and make money, instead of waiting for your lame stock to break even again.

With that money I bought a stock that I think is a good long term and short term stock. JASO is a company in solar power. They have been making some good progress and they claim to be making money. Yesterday I noticed that it went down 7%. I know that it will go back up, so I bought it at 5.98. Today it closed at 6.11. That is about 3%. I want a little more, so I will sell it at 6.50. If it doesn't get there by friday, I am sure it will by early next week. I also still hold some shares of RDCM, which I plan to sell very soon, once the price reaches 4.80. Today it went down to 4.28. Hopefully it makes a spike tomorrow.