Ahhhh Thursday was one of those days when I’m getting an ear full of “I told ya so”. Its crazy that not more than 48hrs prior to typing those post I had a friend telling me about a company called Think Or Swim (SWIM) and the merits of buying the stock. When I was looking at this stock, I thought that this was well priced based on the business plan and look at it today, up almost 50% and boy am I kicking myself after knowing that my friend got into this stock for the last 3 weeks in blocks totaling almost 12,000 shares and selling them today for a tidy profit.

Here is the video as to WHY (SWIM) was popping today in price:

I guess hearing this, some would probably watch this stock tomorrow and with it being mentioned on CNBC it might go up again tomorrow, but on what reason except for hype? The stock has been priced at the deal price now. Would I buy it at this point? No. I know the lessons of playing catchup and the losses I had to suffer years back. I guess another day and another stock.

Here is a video summary of the markets for Thursday:

With oil falling again, I was watching (XOM) or something similar to fall into my buy threshold but it did not take place. I’m not willing to rise my buy price at this time and will wait for the downside to catch up with my limit price.

I mentioned (APC) yesterday and how it was a stock to watch, well Thursday is hit $42/share twice during the day without breaking that resistance which its hitting in this area since November. I will be watching this stock tomorrow to either ride the short or see if it can actually get out of this limbo level it keeps getting itself in. I’m either way on this stock.

My trade activity was fairly light Thursday but was profitable.

I got a quick turnaround on (FRE) shares that I bought 5000 shares @ $0.72/share and sold at the close for $0.78/share.

Total profit (FRE) = $300

Friday I will be watching the same stocks I have been playing for the last week or two trying to get in at a wave for a quick profit. The jobless numbers were “slightly” lower which is better than the gloom expected. But Friday will be the day for government numbers to come out with unemployment numbers. It could really provide some big buying opportunities early.

With the economy falling apart and jobs being lost, many are expecting 7% unemployment as the number priced into the markets. Anything above or below that will cause a flurry on the markets. Also many analysts are worried about a 7 figure job loss (over 1 million jobs) which was mentioned by one analyst from Deutche Bank. If this does happen, the cracks we saw last quarter will reappear and further drops will ensure. Fingers crossed that jobless claims are not that bad.

Happy Investing!

Aman, MBA

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