The Fun Fund: Pause Day... indefinatly

(sigh)

The Fun Fund: Pause Day... oh jeez... 15

Still waiting for my check to put in the additional $400 to get the fund back up and running. Oh, and pay my rent. Stay tuned!

The Fun Fund Pause Day Six: Oh, that's what's up Sogo.

Soooo.... this is what I get for not reading the fine print. Downside, no trading this week. Upside, the Fund is gonna get a steroid injection.
See, Sogo won't completely open your account if you have less than a $500 initial investment. As started earlier, I only put in $100. So I have to come up with another $400 which I can do but not until next week. This, of course, kills goal #1 which was to bring the Fund back up to $150. So the new goal #1 is to bring the Fund up to $750. And to make it difficult I'm going to try to do that by the end of May.
But that's all for this week. Let's see what next week brings, shall we?

The Fun Fund Pause Day Five: Wassup Sogo?

I really did think that the Fun Fund would be back up and running today. But it appears my funding still hasn't gone through. So there's one more day of Pause. That's okay though. I have a lot of stuff to do today.

The Fun Fund Pause Day Four

I am now offically done trading with Sharebuilder. My last trade settled and the money was moved over to my bank account. I just now initiated a funds transfer to Sogotrade. I did have to fudge the amount a little bit though.... the Fun Fund was at $90.78 but Sogotrades minimum transfer is $100. So, the Fund got a little boost due to a technicality.

By Monday I should be good to go again, so I'll spend a litte time this weekend looking over possible movers. Goal #2 (find another broker) has been met, now it's time to nail goal #1 (get the fund to $150).

The Fun Fund Pause Day Two

Today, I am watching the "Lord of the Rings" trilogy with my kids and ignoring the financial markets altogether. I would love to be investing and being a part of America's economic recovery, but I'm not going to be this week. Blame Sharebuilder.

April 21st, 2009. The Fun Fund Pause Day One

As I still have a big ol' crush Citi I'm watching it (stalking, mostly) even though I'm divested. What's my little honey doing today? Oh, playing the swing game. Coulda got in early at $2.70 and coulda just sold right now at $3.25. Let's see... a little math. I could have bought 30 shares again and covered a comission with my measly fund. The shares would have cost me $81. Selling those shares at $3.25 would have paid $97.50. That's a gain of $16.50. Those blood suckers at Sharebuilder would have busted my bank and i would have ended up losing $3.40. If I was set up with Sogotrade I would have ended up netting $10.50.

I hate Sharebuilder.

Still waiting for Sogotrade to go active.

April 20th, 2009. The Fun Fund Day Six aka time to put it on pause.

The stop loss kicked in this morning. As of right now C is trading at $3.09. The Dow is down as investors are dumping their financials. But it's not the state of the market that's got me putting the Fun Fund on a short pause, it's that Sharebuilder sucks. See, here's how it should have gone:
I buy 30 shares of Citi at 2.95. The base cost of that was $88.50. I sell 30 shares of Citi at 3.50 the base return is $105.00, a gain of $16.50. But now we figure in the commissions: 9.95 in/9.95 out for a total of $19.90 to complete a swing. My gains fell short of that mark by $3.40 so I ended up LOSING money on a gain. Nope. No more Sharebuilder trades for me. I'll keep my IRA there for the time being, but I'm gonna be checking today on Sogotrade and if my account is active yet. If so I'll be pulling my measly $90.78 out of Sharebuilder and starting over again at Sogo where, if I had completed this swing there, I would be sitting on a gain of $10.50 instead of losing $3.70.

So here's what it looks like now:
Money Market $90.78

worried...

I'm kinda worried about what Citi will do tomorrow. I put in a stop-loss order for $3.50 just in case it tries to do something stupid.

Friday, April 17th. The Fun Fund End of Week 1. aka: big bowl of suck.

Didn't go quite as planned yesterday. Earnings report came out Friday. Citi reported a smaller loss than expected and greater revenues than expected. The after hours trading was strong and Citi opened at $4.15. Then, as expected, came the dip. but it wasn't a dip. It sunk. The stock made a quick run down to $3.60 and never really came back up. It closed out Friday at $3.65. So much for $5! So I'm married to Citi for the weekend. Don't know what Monday will bring and need to think about where my bottom end sell point will be. Right now I'm realizing about $0.65 profit per share, but I'm starting to think that my hopes of Citi revitalizing the Fun Fund may not happen. Here's where I stand:

C Citi $3.65 30.000 $109.50

That about an $11 drop over yesterday. Boooo.