Monday Watch and PCX Stock UP since I said to BUY!
filed in My Investments on May.10, 2009
I know most will agree. Its feels GREAT making money. It feels even BETTER when you are making this money with a click of a mouse instead of slugging away at work. Last week, I talked about (PCX) and how it was a good buy for the long term. I also said the day before, that the following day would have a pull back in the share price and would be a good time to buy. Well that happened on Thursday when the stock was within reach at my limit price of $8.25. So I talked about how I got 1000 shares for a long term hold.
Friday the stock popped up again. I did not sell since the upside potential in the stock is enormous. But that day alone, (PCX) closed at $9.45. Do the math, my unrealized gain in one day = $1200! Not bad. Not sure how many other opportunities knock on the door. But this one did, I opened and shared for free a simple pick. I know a few emailed me about their profits while others had hesitation. Like I say, leave the emotional aspect outside the trading equation and you will succeed.
I also did on those days talk about Citigroup being a great buy. Again, read those links in the last paragraph and see if I’m up. I love having money coming into my bank account. No lame selling of online books, no nothing. Just simple stock picks that win.
Now looking towards Monday:
(PAL) is a penny stock that is in the palladium sector. Currently its costing more to mine an once from the ground than it did in the past and this will potentially start to push the stock upwards again. I’m not going to get into this stock with a large stake, but something interesting enough to make me some money.
(TIE) is another metal stocks that is also good to watch as its low priced with a good potential upside.
(GNW) is great stock that has been on a monster run lately. It was poised to go into bankruptcy earlier but with the stoppage in foreclosures, this stock has seen a relief. There is still energy for the stock to break upwards for a few more dollars. Its one that I will be looking for to dip a bit before I add this to my roster and make some money from it. This stock should get to the low $9 soon and from its current price, this could be a big profit potential.
Here is the video outlook for Monday:
There is an analyst talking about a price target of $600/share on (GOOG). If this happens, it will be a monster run up from its lows earlier during the financial meltdown. I might get in for small stake on this stock if there is a pull back from current prices. Key word, “might”. There are so many stocks that are poised for run ups its starting to look like a harvest!
Another thing for anyone that likes to play the currency markets is to watch the Canadian Dollar. As of late, its been on a strong run up, almost 10 cents upwards. Well its due or a pullback and if you want to hedge, look here for a profitable opportunity.
Happy Investing!
Aman, MBA
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May 30th, 2009 on 10:01 am
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