RAD is up $1.00 from when I last bought it. That’s $600 I missed out on; an 18% return! Recording a $900 return on RAD would have been nice. I’m hoping to jump back in RAD before the end of the year and hold at least $1,000 in it until the price hits $7.00
While the rest of the market was down today, Rite Aid was up +$0.08. With the growth potential RAD has, I’m thinking this trend will continue.
6.5% return Sold 900 shares of Rite Aid Corp. (RAD) at $5.51/share.
I made $200 more than I had planned on this round of RAD. I’ll be back in another $5,000 within the next couple weeks if it drops back to $5.20.
Another exciting day in the market has come to a close. The ScottStocks portfolio is up 2% after today with a total unrealized return of 6% (this includes a current loss of $200 on MDR).
I had planned to sell RAD a week ago, but I hadn’t watched it closely and it dropped to a loss of $100 last week. But this week was a great turnaround after Deutsche Bank set a $7.00 price target for Rite Aid. RAD is up over 200% this year with a low of $0.95 and high at $5.44. I’m planning on selling Monday for a $300 return as RAD moves higher to $5.50. Half my portfolio is in RAD ($5,000), which is somewhat concerning, but I’ll probably be right back in if it drops below $5.15. There have been some interesting patterns I noticed today; the past 9 weeks look like a domino falling over. Has this trend reset itself this week?
If you’re bored and waiting for Monday to start trading again, check out the High Frequency Trading documentary below and learn how an ‘elite’ few are exploiting the U.S. stock exchanges.
Purchased 900 shares of Rite Aid Corp. (RAD) at $5.15/share. Total cost: $4,649.29.
I’d rather not buy and hold RAD short term over the weekend, but this looks too good to pass up. Up $50 within the first few minutes of buying. The plan is to sell when RAD hits $5.32.
Next month’s plan is to buy ~300 shares before Rite Aid’s quarterly report on December 19.
I’ve never followed IPO’s closely…until today. Everyone was ranting about Twitter opening like the terrible Facebook IPO (it seemed like all the message boards and blogs on the internet were being spammed with negative messages saying “TWTR will fail like FB!”), but the NYSE kept things running smoothly all day; even with a trading volume of 117,701,670 shares by the closing bell.
The underwriters for this IPO have done an excellent job. The price opened at $45.10, hit a high around $50 within the first hour, then closed at $44.90. They priced TWTR perfectly with a nice small range of prices for the first day of trading. A look at the first 10 minutes of trading is shown below.
I thought about throwing small money into TWTR right before the opening, but decided not to be an idiot.
-26% return Sold 175 shares of McDermott International. (MDR) at $7.01/share.
The fundamentals of McDermott have changed. Losses every quarter and major restructuring changes in the company have killed any earnings I planned on making this year.
I’ve sold half my shares in MDR; and at the worst time possible. Within seconds after selling, the price skyrocketed; making me miss out on $100 by the end of the day. The rebound started in the middle of McDermott’s 3Q conference call, but there was no significant news during the call that would have caused such a rally. This irrational behavior with MDR is giving me a headache. With a 10% gain since the terrible 3Q news, I can only hope the random rally continues.
Not all hope is lost though. With GE and JNS in my portfolio, up $400 and $200, respectively, I plan on covering most of the loss taken on MDR before the end of the year.
1.3% return Sold 900 shares of Rite Aid Corp. (RAD) at $5.30/share.
Happy Halloween. And thanks again Rite Aid for helping make up for the failure of McDermott. I’m down 25%, losing $800 right now on MDR. But JNS is helping with its 20% return at $200. GE also up 11% with a $325 return.
The plan is to sell half of MDR before the next quarter results. I’ll take a small loss now because it looks like it will be a while before MDR turns around.
Purchased 900 shares of Rite Aid Corp. (RAD) at $5.22/share. Total cost: $4,700.
Looks like there might be at least 1 more good day for RAD this week. Hoping to sell before the weekend for over $5.28/share.
3.38% return Sold 600 shares of Rite Aid Corp. (RAD) at $5.27/share.
The 15-day government shutdown and debt ceiling party is finally over. I made the $100 I planned for. I might be back for more RAD next week. I’d also like to hold some shares long term while continuing the day trading; it seems Rite Aid has a lot of potential for growth. The big question: can they compete with Walgreens and CVS?
Purchased 600 shares of Rite Aid Corp. (RAD) at $5.08/share. Total cost: $3,048.
Buying Rite Aid ahead of the debt ceiling resolution…