Date updated:06-06-2008
I try to stay with growth and avoid risk. I lost to much earlier this year with some cheap stocks including penny stocks. I kept one just because I feel this one is pretty legitimate. The bottom line is that I learned a harsh lesson and no more chasing. It doesn't work for me in cards, why would it work in stocks. Not lucky enough for that.

-
OI
Owens Illinois - $31.27
- -1.88%
- $31.74
One of my biggest holdings right now. Still sticking with Cramer picks for the year. My cost basis is slightly above $53 so im still ok with this one. I think it will fly eventually.

-
WMT
Wal Mart Stores - $54.55
- -0.15%
- $54.53
Started buying walmart on the last dip. I only have 30 shares right now and I wish I would have bought more. I think it will stay strong for a while with the economy a little worse off than Wall Street seems to think. I'll sell half my position when it reaches $65.

-
SDS
Pt Ultrshrt Sp500 - $36.55
- -0.71%
- $36.87
Also one of my biggest positions right now. It's hard to keep in mind that I'm using it as a hedge. I have a cost basis of $57 right now so when we have another sell off and the vix reaches about 22, I'll start to sell it. I'll hold on to it till then.

-
EMC
E M C Cp - $16.83
- +0.48%
- $16.64
I just have a small position of this one at the moment (40 shares). Will likely add to it sometime later this year when tech comes back into fashion for the second half of the year.

-
FCX
Freeport Mcmoran - $82.80
- -1.59%
- $83.68
Initiated a very small position with 5 shares at $119. I should have added to it when it hit $111 the other day. I am sure I'll be able to add more around the $110 area.

-
TRLG
True Religion App - $18.44
- -0.81%
- $18.75
I sold 30 shares short when it hit $23.50 then sold another 25 shares short when it hit $25.25. This hasnt been working well for me so far but it broke a little today when the rest of the market was up over 200 and it fell over 0.50. I think its overdue for a pull back and think I should be able to cover around $20. I have been on the other side of this trade before, when these types of stocks fall, they fall hard.

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PM
Philip Morris Int - $48.09
- 0.00%
- $N/A
Sticking with this one for the over seas use of cigarettes. I chose this one over mo after the split b/c I liked that Europe and Asia arent don't blame the companies as much as the US for cause and effect. I might buy mo back if it hits $21.

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MNTY.PK
Market 99 Ltd - $0.0001
- 0.00%
- $N/A
Just another lottery ticket. I have a cost basis of 0.0002 and with the stock at 0.0001 I know exactly how much I stand to lose. But I have seen their website and I know for a fact (unless the website is fake) that their inventory is worth way more than the stock is showing.
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