| Author |
Message
|
| vetelmo |
 Posted: Thu Nov 17, 2005 4:26 pm Post subject: Im an idiot |
 |
|
Moderator
|
I invest 9k in IRBT and then thought JUST MAYBE i could make back my money and more by investing a little on the downside.
Bad idea, it went down again. I hate when i do that!  |
|
| Back to top |
|
 |
| frusnak |
| Posted: Thu Nov 17, 2005 4:38 pm Post subject: |
|
|
CFO
|
I sold it out of my portfolio on the fifth day @+22% That was a one shot deal for me  |
|
| Back to top |
|
|
| efflandt |
| Posted: Fri Nov 18, 2005 4:40 am Post subject: |
|
|
Investing Manager
|
It is hard to catch a falling knife.
I bought one earlier @ 51 only to watch it bounce off of 39 within 3 days. I bailed out at 48.55 when it was hitting resistance. Since then it has bounced off of 38 a couple of times. I guess I would have been happier buying in @ 39 and taking profits @ 49.
I am still trying to figure out the markets. Stocks that drop significantly on insignificant news or no news, gap up on seemingly bad news, or flatten out or start slipping when things are going smoothly.
It is hard to tell if a rising stock is about to peak or if a falling stock that has a teaser pause or gap up is about to rally or fall off another cliff. Still learning. |
|
| Back to top |
|
|
| frusnak |
| Posted: Fri Nov 18, 2005 11:20 am Post subject: |
|
|
CFO
|
 Yeah, if we could just figure the market out.......
I agree I've seen it do things that defy all logic and common sense! That's why no matter how much research you may do it comes down to...Timing? a hunch? patience? dumb luck? |
|
| Back to top |
|
|
| frusnak |
| Posted: Fri Nov 18, 2005 3:26 pm Post subject: |
|
|
CFO
|
| efflandt wrote: | It is hard to catch a falling knife.
I bought one earlier @ 51 only to watch it bounce off of 39 within 3 days. I bailed out at 48.55 when it was hitting resistance. Since then it has bounced off of 38 a couple of times. I guess I would have been happier buying in @ 39 and taking profits @ 49.
I am still trying to figure out the markets. Stocks that drop significantly on insignificant news or no news, gap up on seemingly bad news, or flatten out or start slipping when things are going smoothly.
It is hard to tell if a rising stock is about to peak or if a falling stock that has a teaser pause or gap up is about to rally or fall off another cliff. Still learning. |
"catch a falling knife" ...... I like that  |
|
| Back to top |
|
|
| vetelmo |
| Posted: Fri Nov 18, 2005 8:43 pm Post subject: |
|
|
Moderator
|
Well the knife has hit my foot, lol!  |
|
| Back to top |
|
|
| Gweetz69 |
| Posted: Tue Nov 22, 2005 9:02 pm Post subject: |
|
|
Investing Sr. Associate
|
| efflandt wrote: | It is hard to catch a falling knife.
I bought one earlier @ 51 only to watch it bounce off of 39 within 3 days. I bailed out at 48.55 when it was hitting resistance. Since then it has bounced off of 38 a couple of times. I guess I would have been happier buying in @ 39 and taking profits @ 49. |
Sounds like a strategy to me. |
|
| Back to top |
|
|
| scampf |
| Posted: Fri Mar 03, 2006 7:54 am Post subject: |
|
|
Investing Sr. Associate
Joined: 15 Feb 2006
Posts: 90
This Month: 0
6896.47 e$
Net worth: 17,874.87
Portfolio Value: 10,978.40
Monthly Return: -7.89%
Trades this month: 0
Churn Rate: 0.00%Items
|
| I dont think that makes you an idiot. Where would anyone be without a little risk taking. Seems you marginalized your loss by taking a bigger risk betting that it would re-bound somewhat. I probally would of dumped it. |
|
| Back to top |
|
|
| DKnightSr |
| Posted: Fri Mar 03, 2006 8:00 am Post subject: Re: Im an idiot |
|
|
Member of the Month
May
|
| vetelmo wrote: | I invest 9k in IRBT and then thought JUST MAYBE i could make back my money and more by investing a little on the downside.
Bad idea, it went down again. I hate when i do that! |
Wish I had read this earlier- I just did the same thing with SPIL. Bad move!  |
|
| Back to top |
|
|
| vetelmo |
| Posted: Fri Mar 03, 2006 8:01 am Post subject: |
|
|
Moderator
|
| Wow this is an old post, lol. I bought it again recently and made up for my loss, I think. |
|
| Back to top |
|
|
|
|
 |
|
|
stock market game on the web. At eInvesting you compete for monthly cash prizes while you interact, make virtual dollars, purchase items, and trade in the realistic stock market simulator. We make investing FUN!
