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Investment Stock Market

My Stock Experience on BLOOMberry

6/4/2014

After putting BLOOM on HOLD for more than a month, I finally decided to sell it today.

I first bought BLOOM on April 29, 2014 at a price of 12.22. At that time, this stock was consistently moving up based on the historical data from PSE. This was also my first day in trading so I was a mere speculator. That same day, BLOOM recorded its highest price in a 30-day period. So it was on its peak when I bought it.

A day after I bought BLOOM, the price even went higher and reached 12.52. The highest so far, from the April 24 to June 4 data.

I already wanted to sell it the next day, but I thought it was going to strike even higher so I held it for the meantime.

Then the trend changed from being upward to downward then eventually sideways. At some point, I bought more volume when the price was starting to go up again. That’s when it was at 11.72. I did this to lessen the loss from my first purchase and have a lower buy average. That is 12.22 + 11.72 = 23.94/2 . It gave me the average buy price of roughly 11.97. However, it continued to move with the same trend for the entire month of May. So I was stuck. I had to put it on hold, otherwise it wouldn’t be just paper loss.

I continued to monitor BLOOM’s price movement and I hated to see that it has since been red on my portfolio. It was stuck at almost 10% loss and I couldn’t use the capital for further trading. The value was depreciating and I realized that I had to cut the loss now or I might lose more.

From 10% paper loss, it went down to around 7% and that’s when I decided to sell BLOOM at a price of 11.46.

Yes it was a loss for me, but I have learned to accept it even when it was at its lowest price because I knew that this is stock market and I’m aware of the risks of what I’ve gotten into. In fact, I felt more relieved because at last I’m out of the red numbers and I can use the capital for trading again. So, no BLOOM for me for the meantime.

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UPDATE:

As of today, July 28, 2014, Bloom’s price is at 11.46. It was down for few weeks after I sold it. But it’s good to see that it’s slowly recovering now and has even reached 11.68 last July 22 which was the highest so far in almost 2 months.