Pastimes
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Confessions of A Sucky Investor
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| An SI Board Since February 1999 |
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There's a little bit of it in all of us. Whether it's just inexperience , stupidity, or just plain bad luck, we've all made some really screwed up stock market decisions. Consider these choice morsels of stupidity:
1. I bought ADGI at .04 a year ago thinking that it would quickly go to .50 based simply on the ramblings of an expert hyper. Nevermind the fact that the float would allow every man, woman, and child in the U.S. the ability to own at least one share of this fine company.
2. I bought BANY at an average of .56 and held it for a year waiting for the big move. I sold it at .78, only to have it shoot to 1.20 two days later.
3. I bought DRMD at 5.60, watched it drop to 3, shoot up to 7, and I then sold it at 4.50 for a loss. One month later, it starts climbing to 6 in presumption of an impending FDA approval, which I KNEW about, but still sold prematurely.
4. I bought 10 shares of TGLO at 85 at market on its opening day with no money in my account...enough said.
5. I sold 80% of my stake in PLFM at .65 (for a loss) to buy WOOD at .19. Now PLFM is rebounding after hitting 1 1/4 last week, and WOOD is slowly eroding to the 10 cent mark.
The above is just a taste of the stupid decisions I've made. I know I can't be the only one who makes totally screwy investment choices. Speak up. I promise it will make you feel better. OK, that's a lie...it only makes you feel worse and lets everybody else know what a moron you are. But hey, consider it pennance. Plus, maybe we can learn something from each other's mistakes, and it beats smoking crack. So come on, folks, confess away.
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