Sunday, January 17, 2010

Gut Check

In the late fall of 2007, Wendy and I made a few investments.  Overall, those particular investments could have gone better.  When we had purchased all that we had intended to, we had a few dollars (literally) left over.  So I picked a stock out of my butt that was trading at $0.57.  It was a gut pick based on broad geopolitical thoughts.  We bought 2 (yes 2) shares.  On Friday, it closed at just over $9.  That’s a nice increase. 

As they say, hindsight is always 20/20, but I sure wish we had put everything into that stock.  On the bright side, our $1.14 that we invested is now worth a whopping $18.  I may cash in and buy us dinner… at McDonald’s.  No, wait.  With $18 we can splurge and go to Arby’s.

(1) Comments
Posted by Owen at 2042 hrs
Economy

  1. Why would you ever buy a penny stock using odd lot trading? (less than 100 shares) There must be a story behind this.

    Posted by .(JavaScript must be enabled to view this email address) on January 18, 2010 at 0925 hrs


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