The Investing Game
Posted by OtterMan on Sat, 06 Mar 2021
$5K - 52 Weeks - 20 Penny Stocks
Current Status ($934.91)
Week - 3
Dungeons & Dragons
Sometimes displayed as D&D should not be confused with DD. Normally we refer to “Due Diligence” as a process of vetting a potential investment. Is it a stable company with a reliable customer base, adequate financing and a strong track record of profits?
I personally recommend Caterpillar (CAT). Just the highlights here: A $200 share price, getting very close to 120 billion in capital (nice), earnings per share over $2, these guys are holding onto almost a B-B-B Billion dollars in cash… (What??) Oh yeah, they pay a dividend! I am going to make what I hope is a non controversial statement right here. If I am doing DD, I’m buying 25 shares of Caterpillar (CAT)! It was just under $200 a share when this experiment started and would have fit nicely into the allotted $5K investment. Friday’s close is $220.41. That would be roughly a 510 dollar gain to date, as opposed to the present 935 dollar loss in the first 3 weeks! A notable $1400 swing..
Choosing action and adventure however, I pass on the easy roll. I take a courage potion and look for secret doors. I have a bronze dagger but still regret not getting some dragon treats at (CHWY) This is the investing equivalent of D&D. Now I don’t actually play D&D, my kids do. I watched once and found it interesting. I prefer chess myself, now that’s more of a DD kind of game. Here I am trying to cast a vision spell to see if there is a dragon or a treasure on the other side of the door. I buy SmartMetric (SMME) at $0.05 a share, I need to roll a 17… Not this week, I take 60 damage and drop 5 places. En Garde!
Our top 4 stocks this week shuffled about a bit and positive numbers are the exception in general. 1 (IQST)+50%, 2 (FUAPF)+42%, 3 (XPL)+1.5%, 4 (GRNH)-2%
Red numbers dominated the early going this week across most of the landscape. Our day 1 leader, CYIO (-7%) executes a nifty 10 spot jump back to relevance with a strong performance in a weak market. OZSC (-42%) suffered a perlipitus, percipilitous.. awww , it took a crap this week! Down to .09 ish for a bit before a blazin (+76%) Friday close! Only to remain right where it started the week in 17th position.
I’m pretty sure I mentioned earlier that some wild day swings could be expected. After a sullen past two weeks for some of these, here are the Friday rebound highlights!