Purchased 187 shares of Bank of America (BAC) at $16.07/share. Total cost: $3,011.72.
Putting more in Bank of America after their $16.65 billion mortgage settlement with state and federal agencies. With the final numbers determined for fines/penalties, analysts can put aside the outstanding lawsuits and properly value the company. This valuation clarity should bring investors back in to BAC.
.001% return Sold 330 shares of Rite Aid Corp. (RAD) at $6.03/share.
RAD is currently the biggest loser in my portfolio at -$350.
This quick day trade didn’t help much.
Purchased 330 shares of Rite Aid Corp. (RAD) at $5.97/share. Total cost: $1,979.51.
Walgreens announces their acquisition of pharmacy chain Alliance Boots, and RAD drops 6%. I don’t see the acquisition directly hurting Rite Aid anytime soon, so I’m putting a little more in RAD after this unreasonable 6% nosedive.
-.009% return Sold 160 shares of Janus Capital. (JNS) at $12.55/share.
Half a year of holding JNS and it goes nowhere. Although, it did pay a couple dividends ($11.20 and $12.80) that almost made it worth holding onto.
For a future dividend paying stock, I’m watching Invesco; a stock in my price range with a nice 50 cent quarterly dividend.
Purchased 270 shares of Rite Aid Corp. (RAD) at $7.67/share. Total cost: $2,077.90.
I missed the last jump on RAD. I’m hoping to catch the next one…
18% return Sold 460 shares of Rite Aid Corp. (RAD) at $7.70/share.
RAD set a new record today for the biggest return on a trade.
In 8 months, Rite Aid has brought in over $1,300 for the ScottStocks portfolio.
Today’s rally comes after Rite Aid announced a 5% increase in last month’s Same Store Sales compared to 2013 April sales. Their new ‘Wellness+‘ program (think: customer loyalty program) is clearly working; and with more stores being remodeled, the growth will continue.
The next dip in price, I plan on putting $5,000 into RAD; $2,000 of which will be devoted for long term growth.
While the realized profit is now positive, I’m still down about $100 after unrealized losses.
I’m on the brink of no longer being a stock market loser!
Purchased 180 shares of Bank of America (BAC) at $15.95/share. Total cost: $2,879.24.
Back in Bank of America to try and make some money this time. I would be at a $150 loss right now if I hadn’t sold for a $50 loss last week.
Rite Aid posted another quarter that beat analyst estimates. This is just what the ScottStocks portfolio needed; MDR along with JNS are holding the current portfolio return down at -3%.
It’s sad to think that a couple months ago I was $70 away from breaking even with MDR. It’s now back down -$450.
Here’s a look at RAD yesterday when it opened up 15% giving a gain of $300 the second the market opened. It fell steadily throughout the day, but I expect to sell at $7.30/share in the near future.
And here’s a 14 year look just for fun… (click for larger image)
-1.7% return Sold 180 shares of Bank of America (BAC) at $16.39/share.
I set a stop-loss order for the first time and it was executed the same day as BAC continued its downward trend. Instead of losing $100 yesterday, I lost $50. My timing just wasn’t right. I’ll continue watching BAC this month.
Purchased 180 shares of Bank of America (BAC) at $16.59/share. Total cost: $2,994.44.
I’ve been watching Bank of America for a while and spontaneously jumped in today while the price is down…