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rickyt1986 (83.17)

Why did i sell?

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March 07, 2011 – Comments (4) | RELATED TICKERS: OCNF , DRYS , EGLE

It seems so long ago now but when the irs audits your trades your forces to remember the trades of 2009. I look back as a new member to the world of stocks and trades and i remember how much the markets had dropped in that year. It was a good time for someone with little money to enter. It was a good time to be able to catch everything at its low and watch it go up. I found many diamonds in the ruffs which wouldnt break like all the companys that went under and the 200 % profits in a month move looked great back then. being the adventurous risky type jumped on board when companys hit under $10 but when they hit under $5 they took my attention. My favorite company at the time to trade caught my eye when it hit $1 a share. And with the knowledge of trends and stability i jumped on board buying and trading its ups and downs for great short term gains.

Now in 2011 looking back 2 years im thinking i should have never sold n went long. This company backed through the government and insurance brings it up to a price of $37 today and a 52 week high of $62. If you follow financials you know what company im talking about. And if you dont know im talking about AIG. Back in 2009 i purchased 10000 at about $1 and under and slowly sold these shares for short term gains as the economy started to jump in the weeks after. Little did i know that today my 10000 shares would be worth $370,000 from my $1,000 purchase price. For those out there that is a 37,000% gain on your money in 2 years. Yes ridiculous why did i sell?..... If you invested $5,000 2 years ago and held you would be a millionare today. Now i take this lesson and learned from my trades and learned long is the way to truelly make profits. Not just long but to find companys that will go long the way you want them to.

AIG you were a life lesson and today i found my next AIG but as a college student who found interest in trades a few years ago im left today with school expenses and no way to enter the markets. My knowledge is for all who want the best to succeed.

I wish i get into this new market before it recovers and im left like AIG all over again. With $5000 in this risky investment on a long term with a few years things will recover and be left a millionare.

4 Comments – Post Your Own

#1) On March 07, 2011 at 4:26 PM, Duke5343 (< 20) wrote:

Sorry your math is NOT correct,  the stock split 20 to 1 reverse, your shares were diluted as i owned 5000 sold before split to $20 dropped to $8 then shot up to $40+

 

AGM would of been a better buy and hold, i was buying at $3 in 09 and sold off at $8 & 10

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#2) On March 07, 2011 at 4:28 PM, catoismymotor (78.40) wrote:

All of us learn this lesson the hard way. There was so much static in the air two years ago about companies like AIG it was hard for 90% of investors/speculators to get a good read on what the future held. Don't beat yourself up over it. Now you are a stronger person for it.

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#3) On March 07, 2011 at 4:41 PM, L0RDZ (55.79) wrote:

Yeah I was just about to let the guy know about his failure to adjust the price because of the reverse stock split.

Not many people have gotten wealthy throwing  money towards one dollar stocks,  you can still lose 100% of your money.

 

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#4) On March 08, 2011 at 1:21 AM, rickyt1986 (83.17) wrote:

Even with a 20 to 1 reverse split a $1000 invested to gain $20000 is not bad profits for 2 years... the point was the markets became under valued and there are still some undervalued sectors which have not yet recovered and these are the ones to grab into to go long... and i like to look back years from now and read my notes....

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