Fifth Week Stock Analysis

This past week I sold BioTime Inc. when it reached $3.90. Give or take one to two cents this is the highest price that it has reached since I sold it. Therefore, I believe that with this stock I made the right choice to sell. I also sold Western Digital Corp. at $59.70. Since then the stock has gone to $58.09. Therefore, I also believe that I made a great choice to sell at that time.

This week I have also shorted NUGT. Shortly after I shorted NUGT there was a quick drop in the stock price, and then it began to rise, therefore I covered the stock at $12.31, after shorting at $12.61. Now looking at the trends that the stock has gone to in the rest of the week I see that I should have waited to cover the stock, as it has now dropped to $11.65.

I had invest in JNUG last week, with the thought that the stocks would be rising early this week. This was not the case, all oil stocks have gone down drastically. I have now lost $12,602.  I am hoping to make money with the rise when they begin to move back up.