Day 3 6/24/14

Day 3 of the journey was a pretty boring one. As you know , if you've been following along, I sold everything in order to pursue day trading. That led to a boring day of watching and searching for stocks to move like PRKR except none of them did. I didn't make too many moves and was very inactive

The one investment I did make was in XNET. XNET had it's IPO today so I am interested in it second day of performance tomorrow. It opened up at $14.50 and quickly rose up to near $16. This was exciting except I hadn't invested yet lol ( always seem to be an hour late). It would've been sold quickly however. Shortly after it's rise , XNET began to tumble, tumbling all the way back to the low 15s, where I ended up buying , and slowly into the high 14s. So you ask , "why would you buy a stock that decreased like that?"  My answer : it was it's first day. I'm hoping I can catch the same rise tomorrow  morning that it had this morning. My assumption is that it was released today so there's no way the majority of investors actually knew about it. After the quick rise this morning, hopefully investors will buy buy buy in the morning so I can sell sell sell in the morning. Hopefully I can walk away with a little bit of profit. I'll take a dollar profit right about now because so far this journey is looking to be a long one. 

-Watkins on Wall Street