Gold Soaring to $1,800!
As the market melted away gold hit new highs. “ Gold futures for delivery in December GC1Z +2.25% soared $39.60, or 2.3%, to $1,752.80 an ounce in Asian afternoon trading. The contract hit a high of $1,774.80 an ounce earlier in the day, and has now surged more than 23% so far in 2011, including a gain in excess of 6% just this week. Spot gold charted a similar course, hitting a high of $1,773.40 before moving back to $1,749.10 an ounce, still up $31.90 from its U.S. settlement price overnight.” – MarketWatch.com
Taking advantage with current stock pick of gold miner company ticker: EGO
GOLD HITS NEW RECORD! Rough Ride With EGO, MCZ above $2.00!
Another record day for gold prices and EGO Eldorado Gold Corp. is trading above $18.00 again! http://www.marketwatch.com/story/gold-hits-fresh-record-silver-tops-40-an-ounce-2011-04-08 I would look to hold EGO into the $19s. MCZ Mad Catz Interactive is still on fire holding the $2.00 line for around 8 trading days now! I would look at taking some profits in MCZ. Still a great position to have though so look to buy on any big dips. lastly, AAPL Apple still a great hold.
MCZ rockets! Dow Jones Index over 12,000 for awhile now!
So it has been about almost a month since my last post!?! The Dow keeps heading higher and the economy looks to the positive side of things! I just wanted to dedicate a post to my recommendation of MCZ a couple of months ago. Yesterday, MCZ, the stock I recommended at $.60, reported earnings of $.15 and traded at a high today of $1.59!!! Click this link to read more: http://www.businesswire.com/news/home/20110209007020/en/Mad-Catz-Fiscal-2011-Q3-Net-Sales
As I discussed in my last post I sold shares of BAC at $14.50 on the 19th of January and C at $4.80 both for profits, holdings now are still at hold status: EGO & AAPL , may look to drop EGO in order to invest in something else will post to alert.
I don’t know how much longer the market can keep steaming ahead, but I would be careful and willing to buy on big dips.
Until next time keep the green coming!
always do your own research as my recommendations are purely made by my own opinion through my own research. I can’t completely accurately determine where a stock is directed. My opinion doesn’t count as professional advice. I am just simply a college student that likes to discuss stocks. One should assume the risk taken when investing their own money.
Taking Profits In The New Year
Time to unwind the holdings and book profits:
always do your own research as my recommendations are purely made by my own opinion through my own research. I can’t completely accurately determine where a stock is directed. My opinion doesn’t count as professional advice. I am just simply a college student that likes to discuss stocks. One should assume the risk taken when investing their own money.
HAPPY NEW YEAR, GAINS!
It is 2011 and the gains keep coming, here is what I am holding.
Update on holdings with returns listed as of today’s prices:
- AAPL Bought @ $309.60 + 7.56%
- JBLU bought @ $6.75 + 4.89%
- BAC Bought @ $11.42 + 26.71%
- C Bought @ $4.16 + 18.99%
- EGO Bought @ $18.20 – 2.03%
- EGO Bought at $17.00 + 4.88%
- MCZ RECOMMENDED at $.60 +96.7%
Stop loss sell set on JBLU at $7.00
Idea for dividend trade: ENP
HAVE A GREAT NEW YEAR!
always do your own research as my recommendations are purely made by my own opinion through my own research. I can’t completely accurately determine where a stock is directed. My opinion doesn’t count as professional advice. I am just simply a college student that likes to discuss stocks. One should assume the risk taken when investing their own money.
Happy Holidays: Dow Hits Two Year High!
From the chart below it appears that the Dow has found and established its support at the
11,000 level finally. Today the Dow is trading at 11,459 up around 48 points hitting a two
year high!
The rally continues even on unexpected weak employment numbers
A lot of people thought the private sector employment numbers would contain an
upside surprise, however that wasn’t the case. See the actual numbers at
http://www.marketwatch.com/story/nonfarm-payroll-up-39000-in-nov-rate-at-98-2010-12-03
Bottom line is that jobs are being created, the strength in the dollar is weaker,
and the financials are starting to move!
Update on holdings with returns listed as of today’s closing prices:
- AAPL Bought @ $309.60 + 2.53%
- JBLU bought @ $6.75 + 2.22%
- BAC Bought @ $11.42 + 3.85%
- C Bought @ $4.16 + 6.97%
- EGO Bought @ $18.20 + 3.18%
- EGO Bought at $17.00 + 10.47%
Also check out the gains that could have been made on my recommendation of
MCZ less then two weeks ago at $.61 trading today at a high of $.97! 59.0% HIGHER!
I think it may cool off before heading higher as it closed the day at $.888!
HAVE A GREAT WEEKEND!
