more GSK & AT&T #629 Optimal Strategy of Playing the StockMarket via Vo
From
plutonium.archimedes@gmail.com@21:1/5 to
All on Fri Aug 28 21:25:27 2015
Portfolio of PAF on 28AUG2015
VZ 2,000
T 23,400
MRK 100
GSK 200
_______________
25,700
total share-wealth-units last reported which was 30JUN2015 was 25,520
and total share-wealth-units today 25,700
real-estate land 3APR03 of 3 lots $19,000.
real-estate land 30JUL03 another lot $11,500.
real-estate land Sept05 another lot $75,000.
Alright, with excess cash today I bought 80 more shares of Glaxo, GSK, the huge British pharma at 41.14 per share. And 100 shares of AT&T for 33.20.
Unfortunately I missed the recent plunge where GSK was 39 and ATT was 30, for I said I would buy the very next day, and the very next day rose sharply. I have a rule to buy the next day on a plunge, but seems to have not worked on this occasion. The rule
was that a plunge would only worsen more and so wait a day. So, maybe it is time to reevaluate this rule. Perhaps what I saw that one day was a Rout, not a plunge, and if another rout occurs, do not wait a day.
AP
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