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Waxing Roth

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May 06, 2008 – Comments (1) | RELATED TICKERS: LOOP , BOLT

My Roth is waxing again. I had bought some speculative plays with it for a while and it had waned. But, inspired by my friend, whom I taught the basics about investing, and who figured out how to find opportunities to make a quick hundred here and there (for him I think that's about 5%) by day trading IPO's and solar stocks, I just traded the LOOP earnings report, made over 20% (on about $4,500) in a few days, and sold LOOP to buy BOLT (with all $5,400 or so). I paid about $18.10 for it. It is way oversold and undervalued here, so I didn't want to risk a limit order to try to shave a few cents from my cost basis. I'm willing to be the biggest sucker of the hour to be the biggest genius of the month.

So, I'm trading (I guess it would be "week" trading, though hopefully not weak trading) in my Roth, like I've always wanted. See you in the Forbes 400.

1 Comments – Post Your Own

#1) On May 06, 2008 at 2:51 PM, madcowmonkey (< 20) wrote:

all is well that ends well

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