pocono

The Worst Isn't Over Yet

i wrote alot in my article and alot is jumbled, but if u followed it i said i OWNED i didnt say i never bought a stock over 35 a share, i bought several as i stated, i also owned APPL,ISRG,IBM,KO,VZ AND a couple that escape me. i made money on all of them. nut instead of holding 10-15 high priced stocks. that fluctuate with everybodys whims. i decided to now hold 40-60 stocks. and my new plan is working much better. remember i can only play with old money. i cant put any new money into this.
i started with the big names, bought them low, got alittle more money to keep increasing my portfolio. and its rapidly multiplying. i am betting the market by almost 14 percent. if u have a better plan, i am all ears. a i stated, i have a brain injury, a novice invester, as u cn tell from my spelling. i do have problems, it takes me 3 times as long to do things as most people but i dont give up. so what is fishy? i hide nothing!


On Apr 18 03:49 PM StockMan99 wrote:

> How did you buy PEP, MON, CVX, HES, POT, WMT, KO, and MCD if you
> never buy a stock over $35 a share? There 52-week ranges are all
> higher than that? Something smells fishy!

The Worst Isn't Over Yet

i really like analsyts like you, i am a first time invester, age 58, prir to that i held several my ira in several mutual funds thats were down 30-40 percent. i started studying. 3 times as hard as when i went to college. what i did was convert all my mutual funds to cash, opened a trading account with scottrade on feb 29. with a total of 54,000 another 22,500 was lale in coming from one mutual fund. so my total worth transfere was 76,200. btw, this was worth about 135,000 2 yrs ago at its high. by march 31 i grew it to 96,566. at end of fridays close ur was worth 111,765 my all time high so far. i am consisting beating the s @p because i pay no attention to articles of gloom and doom, quite frankly i use them as buying oppurtunies. as the stocks in question tumble a bit, it gives me a chance to finally buy them. AND if u are right and the stock market tumbles a bit, i will not tumble back to 76,200. i take my profits when stock levels off and start over again with another up and comer. i have no buy and hold forever, i have to work with what i have, cant put anymore more into ira, im disabled,
i bought and sold oil stocks twice for modest profits, i came t realize i was tying up way to much money in stocks tied to whims of demand. i put that money into 5-20 dollar stocks where since u own more good stocks they increase n price faster and dont go up or down substantially day to day. ive owned POT,MON,CVX,HES,BP,PBR... still own some PBR, made abunch of money off that but it shot up to fast. its oming back to a good buy price. i do own DO,DXQ, DO is the highest price stock i own. but cut shares of it. i do own oil - enery sector but keep it to the services end. ive sold WMT,KO,PEP,HSY,HD,MCD,... yesterday-cant get greedy) AND MANY MORE. majority of these stocks have not gome back to the what i sold them for. and i bougt them all cheap// eg HD i bought at 17.20. i have bought and sold the same stock a few times. i keep accurate records and study very hard. my short term game plan is to continue taking profits as stocks ride their streaks, once they lose steam, sell them, continue not to invest n stocks costing 35 or more dollars.
FUTURE PLANS--invest in high growth dividend stocks once i get to a goal i have in mind, and im pretty close. hopefully by end of year. one other thing i did was to convert a total of 26,000 of my tradional ira over to roth ira. 13,000 for each 2008 and 2009, they are now in stocks, which will now grow tax free. im doing ok for a dummy with brain trauma with no outside help. AND U CAN DO IT TOO! BTW-- i kept track of the funds i held and if i kept thingd as they were- i would have over 14,000 less in my account and 3100 in my roth ira. my roth currenty stands at 30,650 and thats extremely important.