You are absolutely correct. That stock was one of the first stocks i bought and learned a valuable lesson from it also, don't buy a stock because someone recommends it, do research first. Which i didn't, and I lost some money. But i can live with it. First I don't invest any money that i cannot afford to lose, PERIOD. All the money i have in stocks is play money as far as i'm concerned. If i make money great if i lose money oh well. But i have already replaced that money that i have lost, with money that i made from others stocks, so i'm still in the black. ie. I bought Lucent when it split from at&t for about 34-37 i don't remember the exact price and have held onto it to this day. Lets see went to 120 split, and now is around 90 i think, i still like my way MUCH BETTER, your way you would have sold at 65-70 and left a lot of money on the table again.
I really don't disagree with your game plan, it is a good one. But i think 1 dollar will be a distant memory soon and i don't want anybody to lose out on a hell of a lot of money. That's all im saying.
ps. I didn't use your name early for a reason, i know who posted it. I did not want to make it personal, as you have chosen to make it. By the way are you British, maybe that is the reason the empire is falling, GO IRELAND, SCOTTLAND, HONG KONG |
