Monday, October 27, 2014

October 27 portfolio

After selling a bunch of stocks short I had a significant amount of money to spend in addition to the original ten thousand. I then reinvested into a company with a very very small price per share, at the time around 34 cents, and bought one hundred thousand shares from that company. What was odd about that company is that they had stock prices around 127$ per share a few months before. The price increased to around .74 by the beginning of this week. It closed Friday at a significantly higher price and would have brought the market value of my portfolio 13 thousand higher than if I sold the shares today.

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