Monday, December 16, 2013

Recent Trade

I recently purchased shares in a high tech company that is struggling. The company is Blackberry Ltd.  Blackberry, formerly Research in Motion, is  a high-tech company headquartered in Waterloo, Ontario. The company signature product is Blackberry, a smart phone. Unlike their competition, Blackberry as a keypad instead of a touch screen.

Blackberry is supposedly a better secure phone than the competitors. The company is currently struggling as Apple and Android have more apps then Blackberry does. Blackberry was a very profitable company just a few years back.

I recently purchased 500 shares at $6.25 on the Toronto Stock Exchange. My plan with this stock was to do a quick trade. Today, my sell order went through at $6.60 for a profit of approximately  $165.00 after commissions.



DISCLAIMER:

     I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice.  Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk

7 comments:

  1. That's a great trade :) Congrats. I still have 50 shares. Wish I had sold mine when you did yours.
    I was going to buy the Q10 because I like the keyboard, but it's kind of expensive at the moment.

    ReplyDelete
    Replies
    1. I got out with a good return. I am able to open my brokerage account at work as news, newspapers, and brokerages are blocked. I basically place a limit order of my exit point.

      I was shocked to see it rise today that much. I expect it too fall on Dec 21, 2013 though.

      Delete
  2. Replies
    1. Amanda,

      I have already sold my position. It was a trade. When I purchased the stock, I immediately put in a limit order to sell it and the sell order was filled at $6.60.

      In the past I traded this stock a few times in the past. The company is not doing well at all so don't own it as investment.

      Delete
  3. Oh wow!
    I think that is a very risky investment!
    I know, that a manager from SAP (Germany) will lead the company in the future...

    But against apple and samsung? Android and iOS?

    Good luck with your investment.
    I hope, you are right!

    Best regards
    D-S

    ReplyDelete
    Replies
    1. Dividenden-Sammler,

      This position was a trade. When I purchased my shares, I already had an exit strategy. I tried to sell $6.00 covered calls but was unsuccessful in finding a buyer after a couple of days. So I placed my limit order to sell and, after a few more days, the order got filled.

      Delete
  4. Trading can be good I do it all the time... nice when you make a few hundred profit!!...

    Hey Investing Pursuits,
    Enjoy your blog! I signed up for email alerts... hey one thing I like the BLOG roll you have I changed my name so if you update the link that would be cool.
    Thanks
    DSF

    ReplyDelete