I just read a well-timed article on Profitable Trading. Unfortunately I read it a day too late. POT did break out today. If you bought it yesterday you could have sold it today and walked away with a nice profit.
1) However, that spike upward just brings POT back to the normal downward trend that it has been on since March 2011, making a correction from the big gap down on 7/30/13.
POT 5 Year Chart
You just had a baby? Congratulations! How do you come up with a financial plan for a baby?
You can start by checking out an interest compounding calculator. I chose this one today only because it came up in a search. You can pick numbers that make sense to you, but the important thing is to create a plan and a goal. (more…)
Knowing when to sell an investment in a stock or fund can be harder than knowing when to buy. The reason is because selling has so many of its own rules and rationalizations to consider. For example:
The type of investment account is a major consideration. Is it a 401(k) that has a limited number of investments to choose from? Is it a Roth IRA with no taxes on gains? Is it an individual account subject to short-term or long-term capital gains taxes? How much will you pay in fees by selling?
Was the Twitter IPO a big success? I guess that would depend upon who you ask.
As we know, the figures show a whopping 72.69% gain today with a “previous close” of $26 and a high for the day of over $50, but CNN Money shows today’s opening price as $45.10 and closing price as $44.90. So, if you were a member of the general public buying this stock today, you probably lost money; possibly a big loss.
Interestingly enough, institutional investors seem to be saying that the Twitter IPO will not be the debacle that the Facebook IPO was for early investors, and that in fact the stock might be undervalued and positioned as a legitimate buy. Personally, I don’t plan to buy it because I don’t know how they make (or plan to make) their money and because given the state of the economy I think it is particularly speculative to buy into a company that makes something that is so entirely non-essential to anybody.