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