Well there is the evidence that this is a suckers rally.Not wanting to fool around with my brokerage account or get my broker involved, I opened up an online no fee trading account last week and put 2k in it to fool around with.
The value as of right now is $3356.
Not too shabby!
The single biggest winner of the bunch is MGM. Bought 100 @ 7.00. Up 111% right now. Wish I would have grabbed more.
The underperformer is Ford. Bought 100 at 5.05, only up about 15% right now
Live Nation 10 shares up 85%
AMC 10 shares up 69%
Halliburton 100 shares up 57%
Still have a few bucks in cash but no other real cheap is I want yet.
If I was smart I’d bail out today, but I’m going to let it ride for a while.
I’ve picked up some bargains through my regular broker in recent weeks with some cash I had after trimming a little fat, but those are for long term. I’m not usually a trader. More of a buy and hold guy.
Some of the things I bought more of in my regular accounts at discount levels in the last few weeks were Disney, Visa, Microsoft, Caterpillar and Amazon.
My predictions for the biggest winners in that group are Disney and Amazon.