Friday, 4 November 2016

October 31 - November 4

This week, I decided to short Whole Foods Market Inc. (a common grocery store that promotes organic food) after it had spiked up from a report that was released. The report stated that a large shareholder was looking to make some drastic changes, like selling the company. 

The chart above shows the five day trend of Whole Foods, this screen shot was taken a while after I had shorted the stock. As predicted, the stock did go down and I was able to make money. This week I sold this stock as it stopped to go down and is once again slowly on its way to making it back up. 

This week, I also sold NUGT after buying it a while ago. When I initially bought it, I expected it to go down a bit more, but it ended up going down more than expected. Just recently NUGT started to go up, so I decided to sell it in order to keep the money made. 
Knowing that the gold industry fluctuates often, I decided to not take the risk of waiting. The image above is the five day trend and was taken at the moment in which I sold NUGT. Since this moment, NUGT has not gone up any further than the peak shown in the image above.

A while back, I shorted Visa, and I have not sold it yet. The five day and three month trend show the drastic fall Visa has had. I still plan to keep hold of Visa in the short term, unless if positive reports are released, I will sell it.  

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