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Started By
Message
Missed opportunity
Posted on 2/24/10 at 11:36 am
Posted on 2/24/10 at 11:36 am
Last year I had been following Sirius radio for a while and it was down to 6 cents a share. I posted on another forum that I was contemplating purchasing 15,000 shares and was heavily berated and told I was an idiot. Listened to the collective 'wisdom' and went against my own instincts.
Current price of Sirius shares : $1.10
My investment would be worth $16,500.
Ya win some, ya lose some.
Current price of Sirius shares : $1.10
My investment would be worth $16,500.
Ya win some, ya lose some.
4
Posted on 2/24/10 at 11:44 am to John Merlyn
I hate when that happens.
Posted on 2/24/10 at 11:51 am to John Merlyn
quote:
went against my own instincts.
A very good idea. Focus on the process and not the outcome. "Instincts" are the path to destruction in this game.
Posted on 2/24/10 at 12:30 pm to John Merlyn
quote:
My investment would be worth $16,500.
Provided you didn't sell it somewhere along the way beforehand.
Speaking of instincts, I went against my instincts and failed to buy about $5000 of AOL back in 1993. It would have netted me a lot of money.
Another time I went with my instincts and put down $3000 on United Companies back in 1997. Now it is worthless.
In other words, yes if you play the lottery you might hit big, but when you do hit you won't likely hit big enough to cover all your losses.
Posted on 2/24/10 at 12:57 pm to Tiger JJ
quote:
Focus on the process and not the outcome.
thank you Nick Saban
Posted on 2/24/10 at 2:00 pm to John Merlyn
i can definitely relate. one of my professors talked to us about sirius stock last February. he mentioned that it was down to about 7 cents and if we had a few hundred bucks to spare, that we should buy it.
i had a little money saved that i was planning to invest, but decided to wait a couple of months. decided to buy in at 35 cents a share in april, and it didn't really move much for a few months. i was sitting on 2,000 shares and watched the price go up a little, and down a little. i graduated in may and was saving for an engagement ring... sold the stock around sept/oct of last year at about 49 cents a share
man, hindsight sure is 20/20 in this business. at least i got to make a little off of it, even though it could have been tripled by now.
i had a little money saved that i was planning to invest, but decided to wait a couple of months. decided to buy in at 35 cents a share in april, and it didn't really move much for a few months. i was sitting on 2,000 shares and watched the price go up a little, and down a little. i graduated in may and was saving for an engagement ring... sold the stock around sept/oct of last year at about 49 cents a share
man, hindsight sure is 20/20 in this business. at least i got to make a little off of it, even though it could have been tripled by now.
Posted on 2/24/10 at 2:46 pm to Boh
quote:
i had a little money saved that i was planning to invest, but decided to wait a couple of months. decided to buy in at 35 cents a share in april, and it didn't really move much for a few months. i was sitting on 2,000 shares and watched the price go up a little, and down a little. i graduated in may and was saving for an engagement ring... sold the stock around sept/oct of last year at about 49 cents a share
So you made 40% in a short time period on pure speculation and you are upset?
Posted on 2/24/10 at 3:16 pm to Tiger JJ
quote:
So you made 40% in a short time period on pure speculation and you are upset?
Of course he is, he could have made 1000%
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