Friday, January 31, 2020

Friday 01/31/2020

This post is a continuation of the $50 a month stock challenge I started October 14, 2019.  Click on, "No Commission Stock Trades", on the right side of the page to read from the start.

I start the month with $214.98 to invest and that will be my self-imposed trading limit for the whole month. 

     $214.98 x 2% = $4.30 profit needed.

     $214.98 self-imposed January trading limit.
    -$   8.48 invested 2 WPG @ $4.24
    -$ 61.60 invested 1 VZ @ $61.60  ($0.61 payable 02/03
    -$ 35.10 invested 2 CXW @ $17.55  ($0.44 x 2 paid 1/15)
    -$ 45.75 invested 1 HP @ $45.75 (ex-date 02/07)
    -$ 22.80 invested 2 ETRN @ $11.40 (ex-date 02/10)
    -$ 35.25 invested 5 BRY @ $7.05
     $   6.00 balance to invest

6:45am (CST)
Enter "GTC-EXT-Limit" SELL orders
     2 WPG @ $4.40
     1 VZ @ $61.70 
     2 CXW @ $17.90 
     1 HP @ $46.75
     2 ETRN @ $11.90
     5 BRY @ $7.45

     Last day of the month and it appears from the "futures" that my SELL order price targets will not be reached today. We have exceeded our 2% profit target for the month but still need to sell our positions to free up capital.


Disclaimer, I am not a professional.

your comments are welcome and appreciated.




Thursday, January 30, 2020

Thursday 01/30/2020

This post is a continuation of the $50 a month stock challenge I started October 14, 2019.  Click on, "No Commission Stock Trades", on the right side of the page to read from the start.

I start the month with $214.98 to invest and that will be my self-imposed trading limit for the whole month. 

     $214.98 x 2% = $4.30 profit needed.

     $214.98 self-imposed January trading limit.
    -$   8.48 invested 2 WPG @ $4.24
    -$ 61.60 invested 1 VZ @ $61.60  ($0.61 payable 02/03
    -$ 35.10 invested 2 CXW @ $17.55  ($0.44 x 2 paid 1/15)
    -$ 45.75 invested 1 HP @ $45.75 (ex-date 02/07)
    -$ 22.80 invested 2 ETRN @ $11.40 (ex-date 02/10)
    -$ 35.25 invested 5 BRY @ $7.05
     $   6.00 balance to invest

6:50am (CST)
Enter "GTC-EXT-Limit" SELL orders
     2 WPG @ $4.40
     1 VZ @ $61.70 
     2 CXW @ $17.90 
     1 HP @ $46.75
     2 ETRN @ $11.90
     5 BRY @ $7.45

     The stock market "futures" point to a sharp decline at the opening. As I mentioned before, the end of January and February and be a  tuff market as the yearend "Santa Claus Rally" usually push the market averages higher and then reality sets in.

     Even if the VZ earnings report is the same or slightly better than expected (they report before the marker opens), price gains will be hard to come by because of the overall sentiment of the market.

     That being said, we like dividend paying stocks because they increase in an up market but are considered  a "safe haven" in down markets. Remember daily fluctuations in the market are normal and a "bull" (up) or a "bear" (down) market is determined by a longer term trend.

     Well VZ just reported "mixed" earning, less than the estimates but a more that the same period last year. Growth is fine but the market was expecting more. 

     For a "buy and hold" investor that means the company is doing better than last year at this time but for the "short term investor" (our preferred method) not so much. 

     Do I think VZ will recover past our purchase price of $61.60, yes but the question is how soon.

Disclaimer, I am not a professional.

your comments are welcome and appreciated.

Wednesday, January 29, 2020

Wednesday 01/29/2020

This post is a continuation of the $50 a month stock challenge I started October 14, 2019.  Click on, "No Commission Stock Trades", on the right side of the page to read from the start.

I start the month with $214.98 to invest and that will be my self-imposed trading limit for the whole month. 

     $214.98 x 2% = $4.30 profit needed.

     $214.98 self-imposed January trading limit.
    -$   8.48 invested 2 WPG @ $4.24
    -$ 61.60 invested 1 VZ @ $61.60  ($0.61 payable 02/03
    -$ 35.10 invested 2 CXW @ $17.55  ($0.44 paid 1/15)
    -$ 45.75 invested 1 HP @ $45.75 (ex-date 02/07)
    -$ 22.80 invested 2 ETRN @ $11.40 (ex-date 02/10)
    -$ 35.25 invested 5 BRY @ $7.05
     $   6.00 balance to invest

7:15am (CST)
Enter "GTC-EXT-Limit" SELL orders
     2 WPG @ $4.40
     1 VZ @ $61.70 (lowered)
     2 CXW @ $17.90 
     1 HP @ $46.75
     2 ETRN @ $11.90
     5 BRY @ $7.45

     As I mentioned yesterday, VZ reports earning before the opening bell tomorrow, so today is the final day for the stock price to react to the upcoming earning report.

     VZ reached a high of $61.00 yesterday and that is about my "break even" price. I paid $61.60 for it on 12/23 and captured the dividend of $0.61 to be paid on 02/03.

     I have lowered my price to $61.70 in hopes of selling it today. "After-hours and early "pre-market" trading has the price slightly lower than yesterdays close of $60.60.

     Lets talk about the "earning report" for a company, good report = stock price increase, bad report = stock price decrease. If the report were to be equal, either good or bad, and example = a stock reported an increase of 5% or a decrease of 5%. You would think the stock price would go up or down a like amount considering the equal up or down %.

     A stock price will always get hammers down harder than it would increase in that scenario. The reason being, the market expects a company to achieve their projected earning (or beat it) and a company that can not do that is seen in a VERY negative light.


Disclaimer, I am not a professional.
your comments are welcome and appreciated.



   

   

   
 

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