A few gambles pays out

As a bit of a gamble I bought GM stocks a short while back thinking they were cheap and that the US consumer would probably prefer to buy American cars instead of imported ones due to the low dollar. It turns out to have been quite a good idea. Since I bought the stocks, they've gone up 15.37%. In just two weeks. That's not too bad.

Another gamble was Countrywide Financial Corp, which is one of the mortgage lenders who've taken a real beating from the sub-prime problems. They could have tanked and gone completely under, but they again seemed cheap and they're in negotiations with Bank of America to be bought. I bought the stocks just two days ago and since then they've gone up 8.55%.

Actually my whole portfolio have gone up since i bought the individual stock, except for Apple. I believe it's a solid company with good products, so I keep coming back to consider/buy stocks in them. I thought they were about to turn when they were around $137, so I put in a limit buy on $136.80 which was triggered. Now they're down around $131 (a 4.20% loss for me) and have been there the last few days. Hopefully they've stabilized and will go up again soon. Either way I'm holding on to them as I'm still convinced they will fare better in the future.

Overall I'm up about $120, with the current value of my portfolio, which isn't all too bad for a beginner. Given my initial funds were just $2500 it's currently a 4.8% profit on just four months...now i just need to keep that up :)