Off We Go

 Friday was a good day for investors in Service Source International (SREV). What makes me feel better about Friday's trading day was the way the institutions in SREV distributed the stock during the day. Although the trading volume was a little less than expected, this leads me to believe that in the short-term, more shares  will be distributed at higher levels. I do not expect the price of SREV to go much higher than $5.00 or $5.50 for the next three months when the next earnings report is announced at the end of January. What I find kind of peculiar is that Zacks or thestreet.com did not mention why the stck was up on Friday. To me, it is probably another indication that market makers are quietly taking SREV higher. I feel better that SREV is closer to my $4.60 entry price and hope to be making a profit along with the institutions that trade and hold this stock for their investment accounts.

The other stock I hold is Cleveland BioLabs Inc. (CBLI). I purchased 300 shares of this biotechnology stock back in April, the same day I purchased SREV. I purchased these shares at %0.50 per share as my speculation hunch so to speak. The earnings are atrocious as it is awaiting FDA approval of its main cancer drug. I really don't care what the drug is but I am intensely fascinated at the politics of these pharmaceutical companies and the games that the United States Federal Government plays a part. I feel that , like SREV, the quarterly earnings report will be the driving force in the price of CBLI stock. Unlike SREV, the FDA can, at any time release information that will let investors know if CBLI's cancer drug will pass one of its trials.

CBLI trades today, November 2, 2014 at $0.51 per share. Since I have own CBLI, the stock price has traded as high as $0.72 per share and $9.37 per share. On Wednesday November 5, CBLI will announce its third quarter earnings and it will be interesting to see what happens to CBLI's stock price if anything. The volume is quite light which to me means more of the same $0.40 to &0.50 trading range. My goal in this stock is to see it double and never look back. I am still at ground zero on this one. Let;s wait until Wednesday.

Meanwhile, I will begin looking for a stock for my son to invest. With interest rates so low,mhe wanys his money to work harder than 0.1% annually. He's young and wants his money to work hard for him. The stock market journey continues...