I’m not a big stock market guy but, ever since the market (largely) bottomed out at the end of last year, I’ve been doing some trading to encourage my savings to grow a little faster. Through February, I was just about break even. Since March, I’ve been doing pretty well.
Yesterday, I moved into two new positions. I took a stake in both Borders (BGP) and Bank of America (BAC). Today was both my best and worst single day since I opened my brokerage account. Borders gained me something like 22% today before triggering a limit order to sell. Bank of America, however, lost me close to 9%.
Guess which stock had the bulk of my money?
I sure hope Bank of America rebounds tomorrow.