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One little investment

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January 09, 2010 – Comments (6)

As I have said a few times, I completely got of of the market in the fall of 2007, but I did leave my husband in one little investment, about $5k of mirasol, a junior gold mining company, a penny stock at the time, $0.48/share (10500 shares).  Yesterday sold 1/3rd (3500 shares) for $2.40.  That's about $3k of profit and still have 7k shares left.

That's it for my stock market choices since the fall of 2007, other then pretty much being out of the market.

6 Comments – Post Your Own

#1) On January 09, 2010 at 12:51 PM, TSIF (99.96) wrote:

You left this one in your husband's account, but you sold 1/3rd yesterday?   I assume that was only a small part of your managment fees and you'll get the rest later!  :)

Hard to undersand the junior minors going from pennies to dollars, but it does show that sometimes it takes time to mature an investment.  Biopharms and junior miners are two examples.  In reality, though, only a few percent of each of these two types of speculations mature into the winners circle, so investors beware!  Fun to have a few in your portfolio, but consider it to be a writeoff unless you get real lucky!

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#2) On January 09, 2010 at 2:17 PM, FleaBagger (28.19) wrote:

My baby, she left me; she left me a stock to ride...

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#3) On January 11, 2010 at 4:16 PM, dwot (45.91) wrote:

TSIF, it is in his retirement account :).  This particular one went from dollars to pennies and now back to dollars.  I am not sure of the prices but I know there were stocks offerred over $1.

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#4) On January 11, 2010 at 4:16 PM, dwot (45.91) wrote:

TSIF, it is in his retirement account :).  This particular one went from dollars to pennies and now back to dollars.  I am not sure of the prices but I know there were stocks offerred over $1.

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#5) On January 15, 2010 at 2:18 AM, ThinkGlobal2 (< 20) wrote:

You bought at $0.48 and sold at $2.40?

That's a profit of $1.92 per share , times 3500 shares gives a profit of $6720!

Preeeety good.

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#6) On January 16, 2010 at 10:13 AM, dwot (45.91) wrote:

Thanks thinkglobal, decided to sell out and sold the rest at $2.07, so another $11k of profit. 

Not bad, almost $18k of profit.

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