Week #7
After one week of the Moo Cows switching their leadership from the “male mind” over to the “female mind”, the rankings each day have clearly begun to show when the shift occurred. That the change was very much needed, however it may be too late for the Moo Cows to make a run for the top spot this late in the game.
By the time Friday rolled around, and the team had gone a full week under the new leadership, we had managed to move ourselves out of the bottom 3 slots in the rankings, and are now sitting in 7th and 11th in the US and Canadian markets, respectively.
The new game plan that we devised, since there is only a little over a week to go, was to spend the remaining money in our accounts in order to hopefully make as much money as we could before having to liquidate our accounts. Wednesday was the day we decided to put our plan into action, and went a little crazy, making 11 buys. Our Canadian portfolio was the one that we felt needed the most attention. So far, so good.
We also had decided to attempt another short sell a week ago… on purpose this time. We bought Newmont Mining Corp. and almost immediately began to see the stock price rise. Not what we wanted to see. We were beginning to think that we may never see the stock back in the green and may have failed to make a profitable short sell once again. So, when to our surprise, we checked our portfolio to discover it had fallen below the price we had bought at, we made no hesitation and covered it. Even if that meant we still lost money after the commission costs.
We are happy with the results we’ve managed to achieve in the past week and hope to continue moving in the same direction during the last week of the game.
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