Another week on the market has come to a close and yet again, its ended positive for the week. Yes, Friday in specific was a flat day where the markets were positive for a part before falling into negative territory. The DOW closed slightly positive while the S&P and NASDAQ were both slightly negative.

There was a surprising drop in the number of job losses but the unemployment did move a little up to 9.4% which is the highest in 25 years.


Friday was a good market day for myself. I was not intending to make any trades, but with the rumors of General Motors selling Saturn off had me watching (GM) shares which are now trading as (GMGMQ). The stock was on a pump and dump sort of movement for the last couple of days and I managed to get into the stock at $0.82 and sold a very short time later for $0.92. I only took 5000 share hold on the stock. The stock did move higher and I wish I was able to better gauge the peak but with the risk on holding this stock, I was glad with the profit I made in such a very small time.

Here is the market summary for Friday:

Total Income for June 1 – 05:
Monday: $600
Tuesday: no trade
Wednesday: $350
Thursday: no trade
Friday: $500

Total this week: $1450.

Its early to predict the market for Monday.So lets keep this summary short!

Hope you all enjoy the weekend.

Happy Investing!

Aman, MBA

Related posts:

  1. Friday Exit
  2. Late Thursday Rally – Friday Outlook
  3. Flat Thursday.