Yes, I confess that I bought more today. It will either rebound at some point and turn a nice profit or go the way of my Circuit City Crap. The difference is, CC managed itself out of business where BBI is fighting a perception on Wall Street. NetFlix is an alternate model rather than a direct competitor. Anytime your not sure, look at Gamefly vs Game Stop. I’d rather pay a couple bucks more to touch and feel something before putting up money for it! Especially when my dollar is more important to me since I don’t know how long I will have it.
Archive for the ‘Portfolio’ Category
Blockbuster Blues
Wednesday, January 27th, 2010Stalking WWE
Wednesday, January 13th, 2010Looking at the long term charts, I see dips for WWE in the January/February and June/July periods, with the larger dips being in the latter. While I really like this stock, I will continue to hold out to buy in again for another dip.
Giving Thanks to WWE
Thursday, November 19th, 2009I bought WWE after the CEO interviewed with Jim Cramer on Mad Money. Great stock, great dividend. It increases in leaps, usually followed by a pull back. Today I called the leap. In fact, they jumped right over my limit at 16.30 and it went through at 16.40. Now I will wait for the pull back to buy back in.
DEO Holiday Bonus?
Friday, October 30th, 2009Like clockwork Diageo goes up for the holidays, down for the hangover and up again for the Super Bowl. The trick is calling the highs and lows (or, realistically, calling the right neighborhood of the high and low). This year I am shooting to sell at $69 and buy back at $62. Follow me here to see how it works out 
NEXM
Wednesday, June 3rd, 2009Bought three batches of NexMed, Inc (NEXM) shares at an average of 22 cents in Q4 of 2008. Planning to sell one third at 67 cents and ride out the rest.
Missed it by That Much
Monday, June 1st, 2009A frequent utterance by me. This morning, watching the news (which I do at the gym, on torture devices powered by my movement) I thought “I need to but a buy on GM at $0.50″. Then I got home and was distracted by other obligations and didn’t get to my trading account until 11 AM. Had I followed my instinct, I would have got it at the price I wanted. It actuall dropped lower, then bounce back up to hover in the .80 range.
This would have been a long-term holding for me. My rule is, set a price and that’s it, unless different information comes in. Everytime I break that rule, I lose money. I lose it following the rule, too, but less than half the time vs everytime.