Thursday, December 29, 2011

PENNY STOCK UPDATE

This blog was created to record my experience attempting to double $10k in the market in less than one year. (see stats at bottom of post) Account is up 14% since the start on 12/12/11.
As I wait for my current position to reach a price point. I have started simulated accounts, one using options and another using penny stocks. The penny stock account is doing very well. up about 6% in 8 days.

PENNY STOCK update: ACCOUNT OPENED 12/21/11
paid
1. BIOF .57
2. DYSL $1.60
3. ACAD $1.25
4. TGC .70
5. GBNK $1.47

Current
1.BIOF .72 (26% gain)
2.DYSL $1.85 (15% gain)
3.ACAD $1.12 (12% loss)
4.TGC .70 (4% gain)
5.GBNK $1.42 (4% loss)
Important note about these picks: they are all viable companies with good fundamentals. I normally wait until good news pops to sell them or maybe I will do a Buffet and hold them forever..

MARKET PREDICTION for tomorrow 12/30/2011: DOWN
Prediction Record 4-1
Winning Pct. 80%

STOCK MARKET DOUBLE PORTFOLIO
Start Date: 12/12/2011
Starting balance: $10k
Current Balance (interday): $11,424
Gain: 14%

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