Selling GM at a loss but buying some potentials
Monday of last week, I decided to take a gamble with GM after they made me a nice chunk of money back when I first started trading on the stock market but this time around, I lost 22% instead of making a hefty double digit return with a 2 200$ profit! I sold them at 1.45$ but bought them at 1.69$ a share. This is a good thing as I did this about a week ago and since then, the shares have dropped big time.
I also sold my 7 000 shares of ACU for 55 cents after buying them for 15 cents a share 16 days ago, giving me a 165% return
I also sold my 2 000 shares of SGF at 75 cents after I paid 41.5 cents a share 13 days ago, a 77% return! Sure beats leaving money in a savings account!
I bought 6 000 shares of MGX (MGM Energy Corp) for 17 cents a share, 5 000 shares of Delta Uranium Inc. (DUR) for 10 cents a share, 5 000 shares of Dominium Citrus Income fund at 20 cents a share, 20 000 shares of CBM Mahalo Energy Ltd. at 2.5 cents a share and finally 1 400 shares of HEM Hemisphere GPS at 1.20$ a share.
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