Monday, 2 March 2015

Thursday's Stock Earnings (February 26th)

BIOC, INC.
    On Thursday my stock earnings plummeted, I purchased 5554 shares of Biocept, INC. at $4.52 per share. Shortly after the share price decreased to $3.68, I knew from previous research that BIOC was a fluctuating stock so I decided to wait it out and watch the stock price rise and fall. Friday the stock closed at $3.75, my market value for Biocept, INC. fell $4,278.58 in one day. The 20% decrease in BIOC's share price was due to an article posted in the wall street journal "Has Biocept reached an inflection point". This article affected the stock and caused the share price to plummet.


Direxion Daily Nat Gas RLTD Bull 3x ETF (GASL)
    Another stock that decreased in value and dropped my overall returns was GASL. A natural gas stock that was recommend by Mr. Whalen. I learned not to take his advice when it comes to investing in stocks. I purchased 8883 shares at $4.48 on Tuesday February 24th, the stock continuously decreased in value over the next 2 days. On Thursday the stock was at $4.15 per share, I decided to sell all my shares due to the fact that oil prices were on a downwards trend. Overall my market value for GASL decreased $2931.40 over 2 days. I recently discovered that I made the right decision to sell GASL. Due to the fact that it is a 3x bull share every time the whole industry decreases/increases each share of GASL decreases/increases 3x the amount of the industry. Currently the GASL share price is $3.72.


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