Monday, June 21, 2010

Sitting on the Sidelines

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I bought SWC on the close last Friday and decided to close that position now, along with closing GLD.
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Open Position

Date

Price

Close Date

Price

Gain/Loss

%
Cummulative
%
GLD
6/11
119.97
6/20
122.76
2.79
2.3

GSS
6/15
3.98
6/15
4.08
.10
2.5
4.8
AGT
6/15
.3020
6/20
.3465
.0303
14.7
19.5
CGC
6/17
3.65
6/18
3.86
.21
5.7
25.2
SWC
6/17
13.30
6/20
14.45
1.15
8.6
33.8%
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I bought and sold 5 positions in the past week.  All were profitable.  Each gain added to the other totaled 33.8%
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I am skeptical that either gold or sp-500 will go up much if at all from here, so I will just watch in cash from the sidelines.  If I am wrong, well, tough!
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At the moment, of my three Sunday evening stealth picks, PAL is  +4.47%, EGI is +1.91 and ANO is +5.26%
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The playing with fire selections are EXK +1.67% and falling and JAG -1.68% and falling.

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