I reinforced BIDZ throwing some spare change on that looser November 21, 2009Posted by deminvest in BIDZ, growth stock, investment, My investing mistakes, nasdaq, Nasdaq stock.
Tags: gold, jewlery
BIDZ lost 75% Since I bought 100 shares for $ 1008.
I checked on Alexa that the online auctioneer’s website still attracts large number of visitors. So I figured I may average down (which usually is a bad idea!) by buying 90 more BIDS for about $230.
Here is my silly order:
Executed Size: 90
Executed Price: 2.47
Let’s see what happens.
Amazing… three weeks ago I wrote that Meli was my worse move ever.
Today I hit my 40% up target, got my invested money back and kept my remaining Mercadolibre shares as free stock.
This is what happened:
Nobody really knows.
Buying stocks when they are falling like this is a bit like catching falling knives. I’m probably going to get hurt. It is more healthful to wait for knives to hit the ground to easily pick them up. Maybe I should wait until current sell off finishes to pick up stocks at lower prices, rather than buying now and maybe seeing stocks continuing to fall tomorrow.
Of course if today was the bottom (the ground) I’d see a rebound tomorrow and higher prices.
Unfortunately there is one day every year in which the market is at its minimum and many days in which market is on its way down, so I shouldn’t bet on the fact that I’m buying on a minimum. (more…)
My decision to buy Deb Shops was a perfect example of what NOT to do!
Please: click here to slap me for buying stupid DEBS (but maybe the stupid isn’t DEBS…)
I bought Deb Shops in may 2006 because I read somewhere that they were giving out a one-time 20% extraordinary dividend. I checked out today, but never got that dividend… Then I found out the 20% dividend has been given in 2005. So I bought a stock to get a dividend that had been given one year earlier: what a lousy research job! (more…)
I sold 6 Apple shares today (ironically) a few hours before Apple reported earnings jumping 67%. I made many investing mistakes, but this one beats them all. Apple is 7% up in after-hour market
I did agree with most analysts that Apple was probably going to beat estimates. So why did I sell?
How do I pick stocks? (posted to answer david’s comment) June 28, 2007Posted by deminvest in investment, investment strategies, My investing mistakes, risky investments, stocks.
Thanks David for forcing me to think. Funny as it is, I never asked myself this basic question until I read your comment.
My main effort is to pick shares by thinking with my own head. I don’t believe in finance Gurus. IMHO a finance guru is someone who “tomorrow will explain why what he forecasted yesterday didn’t happen today”. I prefer to make my mistakes by myself.
First of all I try to figure out what simple people like me and you in every corner of the Earth want, do and think. The interaction of what we want, do and think with new technology, that make it possible, generates huge transforming forces toward:
- Lowcost society (Low cost airlines, supermarkets, computing, Internet Services, Trading Banking, Telecommunications….)
- Internet developments (Google, Ebay, Baidu…) (more…)
(LNUX) VA Software up 8% today: do not trade LNUX! Sharks (who may have good friends) are in action before earnings… Again… We, the small investors, shall BEWARE!
LNUX is up 14% since May 03, 2007 when VA Software Corportion (LNUX) announced that it will release its third quarter fiscal 2007 financial results on Thursday, May 24, 2007, after the close of market.
We are (ONCE AGAIN) seeing suspicious movements before Earnings are announced to the public.
What should we do?
If we sell shares now, we may give a big advantage to people who may know that those earnings are great.
If we buy shares now, we may give great advantage to people who may know those earnings are bad. Mabe they have bouth to cause this hike and sell at higher price. (more…)
Here is the source.
Now I wonder: “What did I do wrong when I picked this stock? Where there hints to forecast this disaster?”
I definitely can TAG this post among “My investing mistakes”.
Even if I burned $1700 on NEW, it makes me laugh to read my April 3 2006 enthusiastic buyer’s post specially where I write:
“right now I tell I feel like someone who made a big bargain!”
or my April 20 Comment:
(VIV.PA) Vivendi: I did it again! Another compulsive stock purchase which I should have avoided: March 7, 2007Posted by deminvest in European Stocks, growth stock, Internet stocks, investment, My investing mistakes, Single stocks, stock I own, stocks, stocks that pay high dividends, VIV.PA Vivendi.
It is done.
I bought VIV.PA Vivendi compulsively. Vivenndi is a fast growing global media group which pays 4% dividend yield… And… Now I feel like an on-diet young woman still in front of the fridge aver having eaten a full jar of chocolate ice-cream…
I feel like a compulsive gambler after he has again lost more than he could afford… I feel like a student who was supposed to wake up at 4 am to finish his homework, but then smashed the alarm clock…
I feel like we, the people, all feel every-time we do (again) something we had decided not to do.
Why I should NOT have bought VIV.PA
1) Because my strategy only allows me one purchase worth 1000 every month
Why we, the people, should never average down any stock January 23, 2007Posted by deminvest in dictionary for democratic investors, HOKU Scientific, investment, investment strategies, My investing mistakes.
It is such a temptation. We feel so well when we take an “Average down” shot. But it can be lethal for our wallet. Let’s see what it is:
To average down = to buy more shares of a stock which somebody already holds and which has dropped in price since the earlier purchase . When somebody does so the average price paid for each share goes down.