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Saturday, October 27, 2012

First Trades

Hey guys. I just wanted to let you know that I was busy recently as I was setting up a real trading account and now I can begin to use this blog the way it was meant to be be documenting my decisions.

Recently I bought shares of GOOG after the 9% drop after the disappointing earnings report, but I still believe that Google is a growth stock.

Here are my reasons shown in this chart:

I also purchased some shares of FRGI. This stock has been oversold, the trend is reversing also, but I am not planning to hold onto this one as the fundamentals are not so good. Earnings reports show that the company is losing revenue.

But, even so, technicians believe that the chart is all that matters and that fundamentals have no real meaning at all.

I'm still trying to decide on if I am a fundamentalist or a technical analyst.


Tuesday, October 2, 2012

Just an update

I have just gotten funding for stocks to invest in, and I am looking into CAT and JNJ. I'm sorry for basically saying nothing, but I'm really busy and will discuss with you guys my decisions at a later time. Now, I am in the grueling process of just picking the stocks.

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