I sold 100 shares of Apple for 173.253, and 70 of Bombardier for 7.93. With these mad moneys I bought 460 shares of Palm at 8.439, 315 of AMD at 6.2082, 80 of Intel at 23.54, and 145 of nVidia at 13.139, then to diversify a bit I picked up 80 of Bank of Nova Scotia at 48.97, and 60 of CIBC at 62.88.
Of course, if you add up all those numbers you probably won't get a zero sum, the remainder has evaporated in commissions. A small price to pay for the gains to be had. That said, if I start trading a bit more I'll probably open up an account at some online brokerage with really cheap fees, but with the volume I'm doing now it doesn't really bother me.
Are the bank ones low right now due to the morgage-crisis crap?
ReplyDeleteYes. They had relatively low exposure to the sub-prime mortgages, but the whole sector is down right now.
ReplyDeleteThe high-tech sector is down right now too, due to some low consumer spending numbers.