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2009 Mar 19 elly-miang


Guy Blade Guy Blade---04:19:00


Profits
So, I made my first profits in the stock market today. About 2 weeks ago, I bought 320 shares of Citibank @ ~1.18 / share. Today I sold half of them @ 3.09 / share which netted me the full initial cost plus a little extra. I'm leaving the other half as a "long term investment" since it is basically free money.

I've started to look for things that might be vastly undervalued in the current hyper-scared market and have some similar ideas about things that I'll reinvest the original "playing around money" into. Banking seems like an interesting bet given how ridiculously depressed the market seems to be, but there are some other ones that have my attention as well.

Hopefully, something interesting will happen.

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