Thanks for replying despite of your busy schedule. Hopefully you will be the only one who reads thi smessage. I get a sense that I am dealing with an experienced successful investor. Well I am an inexperienced investor who has suffered huge losses because of speculation. My initial investment gave me a 600%+ return in less than three months but my greedy nature took over and I not only lost all the gain but lost my own money too. So instead of sitting on a nice $100,000 from an investment of $500 a year ago, I am left with about $5000 on a net investment of $10000+, and all due to speculation and no planning. I wsa trying to make up my losses quick and suffered.
Like I said earlier I was becoming like a gambler, and so decided to take a break get a hold of myself "kick the habit" and control myself before playing with the money that i needed. I have been able to stay away from the market for about a month now, but I keep hearing about the dow breaking records and othe good news that disturb me. I am writing to you at this very moment because I am very disturbed right now. Last week I heard about MSFT splitting on Nov. 22nd, instantly i knew there was an opportunity of making up my loss quick, but I realized that if I tried that i would be playing with the money I needed (like tuition, car loan etc.) so I told myself no, I am not gonna' do it until I have cleared all my debts. Well everything was OK until I started to understand how options worked, I realized that in the money call moved with the stock and with MSFT's recent moves (like $5+ today) I am kicking myself. See what happens is that i blame myself for not following my instinct, I start thinking "O I knew this was gonna' happen" but the reality is who knows what might happen tomorrow. I remember getting in IOMEGa two weeks before the split in May and just in 2 weeks my money almost doubled, well I know with Microsoft's option smy money might double or triple by Friday and I find it so hard to resist. But I know I have to , I can't risk the money I would need in a month. What if MSFT has a collapse before the split? But in the back of my mind there is the thought taht no, MSFT isn't gonna' tank, it is going to reach $170 for sure by Friday. and that what bugs me, I don't know if I would be able to sleep tonight. Have you ever been in this situation? What would you do if you were me. Here is the summary of my situation:
1) have lost 50% of my original investment chasing stocks
2) After December I won't have a steady job to rely on ( i am going back to school after an internship)
3) Have to pay this semester's and next semester's fees on top of a $2000+ car loan
3) After paying all of the above I would be left with nothing
4) If I win big with MSFT options, not only would I be able to pay everything off but i would have some savings.
You are probably gonna' go, "you are one confused guy", I don't know why i put myself in the hole, but...
Thanks for the reply, suggestion.
To date I am not in MSFT options, It splits Friday, and I strongly believe it will hit $170 before splitting, I have three days!!!
rafique |
