So on November 21st, 2006, I decided to start researching some stocks that I will for sure never buy. The stock market is much too risky for me right now with the amount of money I have. I prefer keeping it where it will earn interest, and not have the possibility of flushing down the toilet.

I picked 20 stocks to watch over the next couple months to see how they would do. I expected them all to increase in value; not all have, but the losers are good companies that will come around.

One that I went out on a limb for was B+H Ocean Carriers Ltd. (BHO). Looking back, I’m not sure why I picked it. I wanted a shipping company, that all I know. So I used Yahoo Finance to look one up. Looking today, there appears to be a lot better shipping companies out there, so I’m not sure why I picked this one, but it’s working.

I “bought” the stock at 13.80 on Nov 21. Right now, it is at 16.91, or an increase of 22.54%. It is my best performing stock. As you can see, I picked up the stock at the bottom of it’s run. I was lucky. There was no reason for it to increase in price. There has been no news, and no earning reports. The volume on the stock is very low, usually less than 1000 each trading day. If this was for real money, I for sure wouldn’t do it. It’s too risky. But I’m glad I picked it for my fake portfolio, it’s netted me $112 so far.

(No Ratings Yet)

 Loading ...

Related Posts:

Trackback URI |