Wow a year has passed already and we are now heading to 2008! So far year 2007 is not really serving us good with the subprime mess, collapse of china stock. So far, I have lost a big percentage on my china stocks including Yahoo! due to Alibaba hype. Although I still hold most of it and I'm sure in the near term the value will eventually go up again.
I haven't update this blog for a while since I was pretty busy at work and as I mentioned before, I'm trying to restrain myself from buying more stocks in this market. I also just got back from my vacation in Vegas (well I lose some money although not so much).
During my last blog entry I purchased some GME and GRMN. On Dec. 5th I bought 50 shares of GME @ 60.25 in the after-hour market after I heard the news that it will replace Dow Jones in S & P 500! I think I got excited too fast since the next morning it just glance around $58 the next morning. Lesson learned: don't get too excited in after market hour. After few days, on Dec. 11 I bought additional 50 shares of GME @ $58.35 since I believe gaming industry is still really hot for next year.
I also bought GRMN at $108.70 and $107.20 on the same days when the price is keep dropping after heard the news about their contract with homeland security, although so far the stock price is not reacting really well but I still keep my faith!
O well that's all for the update, after I sell some of my positions probably I can be more actively trading. I missed the opportunity to get AAPL at $179 when I maxed out my margin :(
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