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CDE pushes me over the 95 point mark...

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May 27, 2009 – Comments (13) | RELATED TICKERS: CDE

I am fairly certain that this will correct itself eventually, but the completion of a 1 for 10 reverse stock split on CDE has given me a 785 point gain in one morning.  I look like a war hero with all of the lucky charms that one glitch gave me.  I picked up the 200, 300, 400, 500 club charms in one fell swoop.  I feel like King Kong....

 

13 Comments – Post Your Own

#1) On May 27, 2009 at 12:02 PM, 100ozRound (29.42) wrote:

Same here...

I'll enjoy it while it lasts!

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#2) On May 27, 2009 at 12:05 PM, Mary953 (79.30) wrote:

Mike,  Close it fast!  I'm not really joking here.  I had one of those really neat glitches and thought that I had all of my shields in place.  It went back down and they all disappeared.  Man those look nice up there.  Lock 'em in!

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#3) On May 27, 2009 at 12:08 PM, 100ozRound (29.42) wrote:

Mary - are you sure they'll stay?  I figure once they fix the glitch, the points will revert...

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#4) On May 27, 2009 at 12:13 PM, XMFSinchiruna (27.12) wrote:

Either way, it would be rather dishonest to lock that in, would it not?

I am experiencing the same effect, but have no intention of trying to lock in on a glitch.

I'm prepared to get my ten-bagger from CDE the old-fashioned way!

:)

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#5) On May 27, 2009 at 12:17 PM, 100ozRound (29.42) wrote:

It's ok - I took a screen shot......

 

(So I can do what with it???)

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#6) On May 27, 2009 at 12:21 PM, MikeBobulinski (< 20) wrote:

I am going to see if it does indeed lock in. If it does, I'll be reporting said glitch and the results. If the points end up going awy, then I'm fine with that. Am not really into playing this game for the sake of the game. Am more involved for the information that is available. Besides, historically speaking most reverse splits end up going against you in that the stock price tends to drift back towards the pre-split price. In this case, it would compound your loss ten fold. So we'll see what happens here.

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#7) On May 27, 2009 at 12:30 PM, MikeBobulinski (< 20) wrote:

I started the attempt to lock in the points just after reading Mary's post, and the system chewed on it for almost thirty minutes to no end.  I decided to cancel the attempt and send the report about the glitch without an endstate.  I'll let the TMF IT pros figure out whether it would actually lock or not.

Why?  Well to be honest, I don't want someone questioning my integrity regarding why I was closing the pick.  So I'll stick with what I have and do the screen capture thing to illustrate to the IT folks the issue.  Thanks for the idea 100ozRound.

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#8) On May 27, 2009 at 12:41 PM, MikeBobulinski (< 20) wrote:

Feedback sent to TMF...will be interesting to see what they say and how quickly it gets resolved.

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#9) On May 27, 2009 at 1:03 PM, TMFTwitty (87.62) wrote:

Mike,

Thanks for the heads up. Generally, splits are received from the data feed and processed automatically. Sometimes the split info is missing for a while, or we never get it at all. In that case, we enter them manually. This one should get processed soon, and yes, we will fix and recalculate ended picks so nobody gets a serendipitous bonanza ;-)

Richard

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#10) On May 27, 2009 at 4:23 PM, MikeBobulinski (< 20) wrote:

And the fix is in...no longer am I King Kong...

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#11) On May 27, 2009 at 5:29 PM, XMFSinchiruna (27.12) wrote:

Mike,

Your 15-minutes of silver-fed fame:

http://www.fool.com/investing/general/2009/05/27/the-precious-glory-of-an-instant-10-bagger.aspx

Fool on! :)

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#12) On May 27, 2009 at 7:10 PM, Mary953 (79.30) wrote:

It was a glitch?????

(Stop laughing, I was at work all day.  I thought you had a great stock pick do great things and had an "OH, NO" moment when I realized that they go away just as quickly.  Ruby Tuesday has their headquarters here and when the stock went from .91 to $7, it made me very happy.  I didn't put it on CAPS in time to get all the shields, but when I lost one and had to wait for it to climb back, I felt sort of cheated.)

Chris, Richard - Instead of new charms, shouldn't these be charms that don't get taken away once you earn them?  It's not like they are handed out by the truckload!

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#13) On May 27, 2009 at 11:37 PM, MikeBobulinski (< 20) wrote:

Sinchurina...appreciate the plug in the article.  Now I am back feeling like King Kong...never been mentioned by name in an article like that.

Mary, I did have a great stock pick do great things...however, the glitch exaggerated those great things to monstrous proportions.  I took a screen capture of the shields, and it looks like I get an honorable mention in a Stock Advisor article.  So my day ended up on the plus side after all.

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