Josh-Daniel S. Davis (joshdavis) wrote,
Josh-Daniel S. Davis

I raised the value of the stocks I bought

I pulled out of LVLT and RIT. I had hope in May, but they're just not holding up.
I cut my losses and bought 500 shares of RHA and $2500 in MERKX.

RHA, with an avg volume of 145k, went up from $1.85 to $1.89 during the fill of my order.
They're operating at a loss but they have a plan and have been around a few years.
It's a French stock, with high divs, indicating they're trying to keep interest while they fix things up.
I think it'll fare well past the end of next week when the Fed increases rates.

MERKX is all hard foreign currency, mostly EURO and other European currencies.

I'd looked at some Japanese funds/stocks, but they seem to be too tightly bound to the US economy. The Yen is doing well, but I couldn't find a fund based in JPY, and outright buying currency incurs alot of conversion cost.

I wish I could have bought CFCI. 8:02am the announced approval of being acquired by illinois toolworks. Stock went up 45%. If I were only psychic, or a time traveller, though wouldn't those be the same as insider trading? *sigh*

Anyway, I'm going to eyeball things next week. I think things will jump when the Fed makes its announcement. Assuming they announce a hike, US stocks should drop several percent.
Tags: money
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