Showing posts with label E*trade. Show all posts
Showing posts with label E*trade. Show all posts

Friday, September 2, 2011

Doing a little profit taking

It's been a while since I decided to blog about my ups and downs in the stock market and since I decided to sell a few shares of one of my stocks I figured hell why not. Now I know normally people(including me) say don't look at your portfolio when you have a need because most times you will be selling something before it has a chance to reach your markers for it. And I agree with this premise it is very true, thus when I was buying this laptop I am now typing on I acted like my portfolio didn't exist. This is for a less selfish reason and I knew the money was just sitting there plus as of yet I hadn't locked in any of my Sirius profits so I figured kill two birds with one stone. And yes I said profits now that I have finally sold some shares of a "winning" stock I can say I made a profit, and yes I will be paying Capital Gains on said profits next year, thankfully they are long term capital gains as I have owned said stock for going on 2 years now.  I'm not going to focus on stocks I no longer hold any shares in, they're sold I either made or lost money on them and it is time to move on.

!!Attention!!
 This is simply my OPINION on stocks that I OWN, this is in no way, shape or form a recommendation for said stocks, nor is discussion of their past gains or losses an indication of future events
!!Attention!!

Sirius Xm Satellite Radio( SIRI :Nasdaq) part of me wants to rail because the last time I looked at Sirius it was well over 2 bucks a share, but as I didn't decide to jump in and sell any shares then and thus lock in that extremely high amount of profit I should really pipe down. Been there, done that, and I DEFINITELY know better. But again I started off at $ 0.13  a share(yes that says THIRTEEN CENTS a share) so *ahem* complaint about a profit of 1.61 per is technically looking the grand slam in the mouth and I will not. For those who do not know Sirius XM is of course the satellite radio company who provides you with that coast to coast non stop radio programming from the skies above. I think the current hit is just because of the overall economic slow down and not indicative of anything being wrong with the company(and hell even if there was anytime you hit 10 times your entrance point shut up and enjoy it, yes talking to myself too).

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