The stock I bought for cheap wasn't cheap enough. I was up 40 percent last week, and I am don 50 percent today. Oh well! The price is down to about $1.44 a share. So what did I do? I just put in an order for 100 more shares. I'm willing to risk another $150 on 100 more shares. What the hell right? Market dips = stocks on sale!
I also bought 100 shares of Sallie Mae. I'd been waiting for them to dip to $10 a share and today they did. Down from $60 a share last year!
Financial stock risk: spoke too soon!
September 29th, 2008 at 08:07 pm
September 29th, 2008 at 08:17 pm 1222715828
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September 30th, 2008 at 01:29 pm 1222777782
So, in that sense, I actually think you're a bit harsh on yourself to conclude that you didn't buy "cheap enough". I prefer to think of it as, "You bought in cheap enough, but the store decided to make an even better deal for you to buy even cheaper!"