SoulStocks: Up on the Downside
Well, the pullback has eliminated all of my gains and I've gone from +300 bucks to -200 over the past week or so but I feel like it might be a good time to reinvest. My pick of 8X8 was looking amazing and I'm still in the positive for that trade but now I'm only up 6% when I was around 60%, I believe, a couple of weeks ago. Looking at Finding Alpha and The Motley Fool, I've decided to hold onto 8X8, but sell my other stocks, steer away from the dollar stocks, and go with a bigger company and I'm reinvesting in Waste Management. All reports make it seem like the decline of the stock doesn't make much sense and that it should rebound. I had meant to make similar moves after the big crash but didn't do it and that cost me a lot of coin. Seeking Alpha also recommended Best Buy, Yahoo, and Bank of America; I'm considering BofA but I think I'm going to wait a bit on that because reports are that it's more of a long term play. In the short term it might not do much so there's no need to rush into buying that stock.
So now the portfolio (if you can call my tiny investments that) are: 30 shares of Waste Management (WM), 158 shares of 8X8, and 150 shares of Spartan Gold (SPAG). (I didn't even bother selling Spartan since it's a penny stock and I only have 40 bucks invested in it.)
