Playing the Stock Market. A Beginner's Journey

This blog will detail My Journey into the Stock Market and track the growth of my Investments. My goal is short term profits on the ups and downs of selected stocks. Buying in the valleys and selling in the peaks. My Journey begins November 5th, 2004 with cash deposits into two online trading accounts. Follow along and watch it grow! Feel free to post any comments you like! Tips, hunches, and Profit stories welcomed!

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Location: Alameda, California, United States
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Thursday, November 18, 2004

11/18 Thursday

Another down day for me. I had to cut with some profits on IPXL as it slid again. They release a revised earnings report tomorrow, and are being sued by another firm. I then took those monies and placed a limit order for 325 more shares of SIRI which had more great news Today.

Here's how I did;

IES - dn 2.47% to $2.76
SIRI - dn 4.65% to $4.72
IPXL - dn 1.58% to $12.45 (Stock dropped 2.85% to $12.29 for the day)
ARGFX - up .08% to $51.80

Against other averages;
DJIA - up .22%
NAS - up .22%
S&P - up .14%
Me - dn 2.16%

Today is the first day my average was below the others.
My Investments are now up 2.28% to date, dropping again.

I had a bad feeling this morning and I knew I wouldn't be able to watch my stocks during the day, so i placed to stop limit orders for SIRI and IPXl, IPXl had been dropping the last few days and I don't think there will be good news tomorrow. Well the IPXL order was executed while the SIRI wasn't. I was able to get out of IPXL with an 11.16% profit. Not bad.

Along with the announcement that former Viacom Inc. President Mel Karmazin is joining SIRI as president and chief executive check out this clip;

NEW YORK (AP)--Shock jock Howard Stern, surrounded by strippers and cheered by thousands of fans, began promoting his switch to satellite radio Thursday at a Manhattan rally where he handed out free boom boxes and satellite subscriptions.
"Down with the FCC!" Stern told a legion of sign-waving backers gathered at Union Square. "They have ruined commercial broadcasting".


This is really going to get pumped up, it could be a Goldmine!
SIRI was up to $5.58 in after hours trading.

Go Sirius!

As for other good news, I won a 50" HDTV at a Company Meeting raffle today.
Woo Hoo!

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