It is now Day six and here is where the stocks sit:
1) INTC - 405 shares - $8444.25 purchased 12/11/6 at $20.84 per share. Current price $20.70
The INTC shares went from $20.84 on purchase to $20.70. This is a loss of $0.14 per share which results in a net loss of $56.70.
2) T - 300 shares - $10404 purchased 12/5/6 at $34.68 per share. Current price $35.55
The AT&T shares went from $34.68 on purchase to $35.55. This is a gain of $0.87 per share which results in a net gain of $261.
3) YHOO - 38 shares - $1042.34 purchased 12/5/6 at $27.43 per share Current price $26.60
The Yahoo shares went from $27.43 on purchase to $26.60. This is a loss of $0.83 per share! Which results in a net loss of $31.54.
4) IQWB - 58 shares - $9.28 purchased 12/11/6 at $0.16 per share Current price $0.10
The IQWB shares went from $0.16 on purchase to $0.13. This is a loss of $0.03 per share which results in a net loss of $1.74.
The value of my portfolio now stands at: $20,066.94 which means I have made $66.94.
I'm still ahead of the game, but not by much. I'm keeping my previous sell/buy order on the AT&T stock:
Sell at $36, buy back at $35.50
The penny stock is starting to pick up again. I'll sell it all if it hits $0.20.
One thing I am learning about penny stocks is that once the news comes out about them it is too late. You need to know about the stock before any news is printed. I'm beginning to wonder if those penny stock news sites are being put together by people who purchased the stock when it was new and cheap and are now trying to get foolish people to jump on it and buy it from them. Just a thought...
DISCLAIMER: I am not a stock market analyst. Following the suggestions in this series of articles is done at your own risk. The buying and selling of these stocks, in regards to this series of articles, is entirely hypothetical as no money ever changes hands. Before you invest in any stocks or bonds please take some time to talk to someone who knows more about the market than I do!