Player Avatar ImpetuousFool (< 20) Submitted: 10/12/2011 12:00:28 PM : Underperform Start Price: $0.51 AIBSF Score: -55.13

Has this ever happened to you? You own a stock -- say, no more than a couple of hundred bucks worth -- because you decided that, say, it was one of the two main banks of an EU country, whether or not that country was a PIIGS. And you held onto it, because you figured, these guys have to survive, right? I mean, sure they are getting a bailout but, you know, too big to fail! And they don't fail.

But they delist. And so now you're left holding a bag of pink sheets. So out of spite you join the red thumb sentiment, and indeed, you make a few points. I mean, you lost $200, but at least you get some CAPS points. And then the thing spikes, and so now you are in the red in real life and here.

I am certain this kind of thing never happens to any of you.

Report this Post 4 Replies
Member Avatar Teacherman1 (28.84) Submitted: 10/25/2011 5:21:10 PM
Recs: 0

As they say in the old county western song "If it weren't for bad luck, you'd have no luck at all"

I lost my "Yes Man" charm because I shorted this to gain points. I learned my lesson. :)

Good luck with your other investments.

Member Avatar BuffettJunior1 (97.69) Submitted: 10/25/2011 8:25:45 PM
Recs: 0

All good investors make mistakes; you just have to learn from them.

Member Avatar ImpetuousFool (< 20) Submitted: 10/28/2011 1:29:18 PM
Recs: 0

Sc##w the Caps score. At this rate, I might end up getting my real money back!

Member Avatar LifeForceDance (37.15) Submitted: 11/5/2011 10:28:51 AM
Recs: 1

Then there is that old fashioned notion of hanging on in spite of it all and making a killing as your reward.

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