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5/27/20

 

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5/28/20

 

Casino Action. While casinos are still closed there is no lack of action available on the stock market. My history with picking individual stocks is not particularly stellar but the brain has this way of remembering the wins and quickly forgetting the losses. Hence I keep returning. While I've concluded that this is not a time to invest because the market is too crazy to risk one's savings on the volatility we are seeing, at the same time it's the perfect time to place a few bets. I have a pile of money that I set aside for "playing" the market. Over the past two years I've made some bad choices and some good choices. Since the pandemic I've seen my long-term purchase in Chinese eCommerce take off. I jumped on Facebook at a time when I concluded that quarantine would drive people back to Facebook. And after testing Michael's craft stores and concluding that they were doing a lot right, I bought 3,000 shares. My logic was that we would all spend more time at home and needed new forms of entertainment. For me, I decided to see if I could teach myself how to paint (not going so well) but I'm bullish on the crafts business right now. I made the purchase two weeks ago and the stock has gone up ever since. Well over the past two weeks the stock has done nicely and I've enjoyed calculating my gains. And then there was yesterday. In a single day the price went up 23.5% and since I bought it two weeks ago it's up 45%. These are gargantuan numbers that typically take years to achieve. No, I'm not ready to give up my day job to become a day trader but I'm having fun. This might be my new hobby since I'm not so hot at painting!

 

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