Originally Posted by
Newman
Relmor: Definately a good analysis... I sold some at .24 today, so Im hoping it drops to 21-23 like you said.
As fas as the whole stock buy goes: nyr11 WELCOME! Hope you enjoyed your initiation by fire... I say you did fine as long as you are looking long term. Don't follow the stock. Don't ever come here again. Forget you own it. If not, you will skip classes to hear conference calls and skip a night at the bar to pick up an extra $100 shares. This stock becomes a curse, a disease. Everyone on these boards has been infected, and there is no easy cure. Seriously, it is like heroin. VERY addictive stock.
I remember my very first trade. RANGY. Speculative gold stock. I bought like 300 shares at 75 cents each. The next day, all kinds of weird crap happened. There was an argument between the CEO and the BOD. Then the CEO was found murdered a short time later... something like that. It was really weird. It went to pennies. Forgot about it for a while. Switched brokers, never closed the first account. About a year ago, the brokerage contacted me regarding my account because of inactivity. I went back and looked at the account, and RANGY was sitting at like 3.75 a share. I sold instantly. =P
Initial investment was 225$, sold it back for around a grand. Commission was still $7 for each (and some change)