transactions for the week

shipping's been doing badly, the hype about recovery of baltic dry shippers has faded. i think i entered too late.

EXM down to 9.36

PRGN management pulled a sucker punch, sneakily "amended" their quarterly to include a 10million share dilution.

jun 11: prgn dropped 10%, i averaged down to 5.05 from 5.35. now its down to 4.65.

fundamentals are still sound, will hold.

jun 11: Oil hit 2009 high of 73. Obviously unsustainable.

Buy: ERY @ 16.2 -> 0.22 higher than 52 week low, which was hit on the same day

jun 12:
Sell: ERY @ 17.6
gain: 8% after commissions

Pullback day!

Major pullback on the energy sector, following reports on surplus oil inventories. Oil prices dropped 4% to end below $66, previously it almost broke 70.

General market sentiment has given way to selling...which means its a good time to buy.

haha...just lost half of all my profits today, down to 5% gain from 12% yesterday.

Dark days for the dollar

source: marketwatch.com
link: dark days for the dollar

excerpt:

some ways to hedge against a falling dollar. this article advises the buying of agricultural commodities. offers a sound word of advice at the concluding paragraph:

In this wild and crazy market, there are three important things you must do: Buy on pullbacks -- don't chase anything, no matter how tempting. Use a protective stop in case this rally gives up the ghost and the bear rears its ugly head again. And use a profit target and don't be greedy -- bag those gains and get out.

what has worked in investing

source: http://www.rationalwalk.com/
link: what has worked in investing

scholarly article on dividend yields

source: http://www.simoleonsense.com/

link: High dividend yield research