Looking at my portfolio

I don't know when my last check in was so I'm not even going to ATTEMPT to claim a how many month journey this is. For all the stocks I had last year the 3 that remain are Sirius XM satellite radio, E-trade financial and FMCC(formerly freddie mac)

This is a recounting of stocks that I OWN and I OWN only this is not a recommendation for purchase nor do past gains foretell future results

One of these days I'm just gonna go ahead and figure out a macro for that, maybe make it flashing. Anyway disclaimer on the blog, yup disclaimer right up above okay anyway lets star with the "Homer"

SiriusXM Satellite radio(Siri:Nasdaq) for a stock that I took a chance on at .13 cents a share even being "down" today at 1.44(if I would have done this last week I would have been bragging about it being 1.55 a share but I forgot to do it again so meh a home run is a home run) but that's $1.31 a share more then I paid for it, more then a 1.00 a share in the money(how much I paid for the amount of shares I purchased + brokerage fees minus how much I would make if I sold it today). This was a long term investment when I made it, I got lucky there were no reverse stock splits(grr we'll talk about that with the next stock), the stock didn't cater and as it seems to be strengthening it's brand now my only decision is when do I want to exit. Personally THIS is what you hope for as an investor a stock to have made enough money that you aren't worried about how long you gotta wait to get your money back you just wait to decide how much profit you want to make.

E-trade financial (ETFC: Nasdaq) now some may see E-trade at 15+ a share and be like yay homerun, eeeeh wrong answer. Etrade pulled a reverse stock split a few months ago. A stock split is basically a company makes an announcement there are going to "dilute" the amount of shares they have out in the market. So for every share that already exists they are going to create X amount more. and X is the split so if it 2-1 for every 1 share of their stock you own you now have 2. Well a reverse stock split is the exact opposite, to STRENGTHEN a companies position (stock price) they are going to buy back X-amount of shares and eliminate them from existance. And anybody else who owns shares current holdings will be reduced by the amount of the ration, in etrades case it was 10-1. As the two links I provided will show it is all about the share price if a share price is too high(and the company wants more investors) they will divide their shares (thus as I said diluting the price) making it easier for people to buy more. If they have a low share price (or are being threatened with delistment basically being kicked off a major exchange NYE, Nasdaq, S&P) to make the share price look better the reduce the number of shares out their thus increasing the price. Doesn't add any value to me and just made it harder for me to cash in profits later if say I didn't want to COMPLETELY exit my position but I did want to profit take. So yeah it's up but it's not REALLY up.

Federal Home Loan Mortgage Company (FMCC: OTC bulletin board) Remember that delisting I talked about yeah it happened to freddy mac. The housing market deteriorated some more and while they aren't dead(benefits of being a government run publicly traded company *shrug*) lets just say all the people who made a boat load in the mortgage bubble are now asking for freddie and his sister fannie to be put to death. Now I can choose to sell(like I did with GM) and take another loss forward(though just like GM and ford that loss ain gonna be enough, I ain complaining the fact that I don't have enough loss to cover my  potential gains when I sell Sirius isn't a bad thing in my eyes) and be like oh well thats a couple whatever bucks down the drain(I don't have my purchase price sheet in front of me), or I can double down and hope it pulls a Sirius, or I can do nothing. I'm in a do nothing sort of mood right now. I mean yeah 100 shares at .36 cents is like 50+ bucks after I pay the commission on it which you know isn't terrible, but I don't see the housing market improving just yet(just like I didn't see it getting horribly worse either I thought it was gonna remain stagnant for a while so yes the market makes a genius out of you with one stock and a fool with another) so I'll have to be in a good mood to double down in the case of freddie, or even getting back into fannie(or both).

Technically thanks to Sirius my investment portfolio is way up(just like ford had done to it last year) so my spiel about "taking a chance" is already hedged but then again I haven't sold Sirius yet so all that money I am counting is still imaginary at the moment. Potential gains are potential gains, and call me greedy if you want but I'm not selling Sirius this year unless in the next month or so it gets north of 5 bucks. Okay Investment update blog done