Big and Rich's Investment Blog (Week One)

Welcome to Big and Rich's investment blog. WEEK ONE!! Each week I will be posting blogs on my current investments and some rational behind my investments. Hopefully, you will be able to gain some insight into my investments which can further advance your portfolio's profits.

Investment 1: To begin my week off, one investment that greatly impacted my portfolio was Intrawest Resorts. After learning about the earnings calendar and how it can benefit your decisions when investing decided to take a look and realized that Intrawest Resorts earnings were being released on Tuesday, September 6th. Although I am not a professional analyst of stocks, I knew that this release would either cause the stock to go up or down. I, unfortunately, listened to the analyst's predictions and decided to buy stocks in this company as their stock was anticipated to go up 2%. On their release day, the stock actually ended up going down about 7% causing me to lose about $10,000. So the lesson from this investment, do your own research and develop your own opinion.

Investment 2: Throughout the week, another hot strategy in our finance class was using the bar chart stock signals. After being informed of the huge potential gains possible by looking at this chart, I decided to invest in Finsar corp.. At the time of buying, I was not aware that this stock had already shot up in price. After realizing this I quickly sold and made a small profit of $1,600. This has been a technique that I have been using throughout this experience. I have to honestly say it is not a good strategy as you lose a lot of money in order transactions and it can be very stressful and time-consuming. A lesson I learned from this investment was to look for stocks that are a little bit more of a long time investment.

Investment 3: Lastly, near the end of the week I was looking for a stock that I could invest in to allow growth over the weekend. Because it was Friday this idea made me think GOLD as gold was doing bad that day (!$18.50) and I expected the stock to at least return to it's "normal" price of approx. $21.50.  Also, by looking at its trading volume, the stock had an abnormal high in volume which made me somewhat interested in this stock. The final component that caused me to buy is that by the end of the day, the stock began to rise while increasing in trading volume. I used this signal as a good opportunity to buy and ended up purchasing a large amount of shares in this company. Over the weekend, the stock (JNUG) continued to drop and I ended up selling it at market open this morning. Although I lost around $7,000, I still feel this experience was essential to my learning as I now know to keep my investments shorter when looking at price increase with high trading volume.