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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