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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Monday, November 22, 2004

11/19 Friday oops!

Today was not a great day.

My decision to buy more SIRI this morning was not a good move. The stock jumped yesterday on good news, then started dropping this morning. I was able to stop my losses by placing a stop limit order to sell if it fell to $5.20. It Did. In executing that sale I got into some trouble with my brokerage firm. Because I had purchased more SIRI shares with the proceeds from my IPXL sale and then sold those SIRI shares before the IPXL sale was settled, I am now on a restriction from using unsettled funds for purchases for 90 days, unless I transfer funds into the account to cover that unsettled amount. Spank my Hand!

Well Here's how I did Today;

IES - dn 1.81% to $2.71

SIRI #1 up 9.53% to $5.20 (Sold @ $5.20, Stocked ended the day @ $5.17)

SIRI #2 dn 5.45% (Bought at $5.50 Sold at $5.20)

ARGFX - dn .93% to $51.32

Against other averages;

DJIA - dn 1.09%

NAS - dn 1.6%%

S&P - dn 1.12%

Me - up .34%

My Investments are now up .33% to date, dropping again but still above water.

Well, in about an hour I lost 5.45% in My SIRI #2 Investment.

On the bright side, My investment in SIRI #1 made a 30.65% profit.

Now I'm counting on IES to grow. Lets go IES!

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