Tag Archives: speculative bios

Week 3 and New Buys for Week 4

Hi guys, sorry for the late update.  I was out of town in beautiful Scottsdale, AZ, just got back to Chicago yesterday afternoon.  Wow, crazy how a couple of hours means an almost 70 degree difference in weather.  I also caught a cold which is no fun.  Anyways, last week’s numbers will have to be calculated at a different time, suffice it to say I will use the numbers from today to count as last week’s.

Account value as of close of today: $12,922.  This means a $772 gain so far this month.

So, today I sold GILD, my buy last week at a decent profit.  I bought the GILD breakout at $77.88, only 155 shares.  Today, I sold the 155 shares at $81.07.  I made a decent profit of $486.55.  Now you might be asking, doesn’t that go against your rules of holding winners and letting them run?  Well, you would be correct but I saw a much better opportunity brewing in FB.  Technically, there was really no reason to sell GILD, I just decided to move the money into a different stock.

This takes us to FB. I bought 190 shares of FB today at market, getting filled at a price of 58.2899.  Here is what I saw and why I bought:

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As you can see I am looking for a Triple Top Breakout –  we had a great move today, and it looks like this will continue, probably a runner until earnings.  Only time will tell.

I also added to my holdings in BLUE, I added 50 shares at 23.77.