Quote:
Originally Posted by jnewberr2ssrs
I would not count on this being a long term investment (which is how a portfolio should be designed)...Believe me, I had the same idea about 2 months ago and I bought numerous shares of MTLQQ at about .70 and I held on to them for about 2 weeks and sold them at .90 - after they had gone up to around 1.00 a few days prior...It was a very excellent call on my behalf and I made about 30% which is not bad at all...Shortly after they fell again to around .60-.70 and I felt good about myself for not getting greedy or stupid (which, yes has happened with some other stocks...One of them was AM [a greeting card company] a few months ago that I bought at about 6.00 and then I sold at around 9.00 after it shot up 53% in one day and then started a slight decline...It is now at about 22.00 doh! lol)
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Haha, I've been doing a lot of face palming lately. Bought Goodyear Tire and Cooper tire early in the year, and sold them for something like a 30% profit...but if I would have held on I could have tripled up on them. Could have done the same with Sirius XM. Whatever, like you said you can't get greedy, I take my profits and move on. I'm too young to be a long term investor just yet haha, that's what my 401k is for.