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re: Somebody talk me out of Alcoa

Posted on 11/30/12 at 7:40 pm to
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 11/30/12 at 7:40 pm to
No offense meant - it's just that I learned that lesson early. Bought stock in a company that had been around 30 but fell back to 5, which is where I bought 500 shares.

I also happen to work at said company and things looked they were getting better.

They liquidated two years later. All I got out of it was $30 from a class action lawsuit brought by the vultures that circle in these situations.
Posted by jso0003
Member since Jun 2009
5170 posts
Posted on 12/2/12 at 11:26 am to
quote:

I also happen to work at said company and things looked they were getting better.


This is why you shouldn't invest in your own employer... they're already responsible for your paycheck, diversify.
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