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Learning to Invest / My Dumbest Investment

URL:  http://boards.fool.com/dumbest-investment-30225809.aspx

Subject:  Dumbest investment Date:  8/26/2012  12:09 PM
Author:  1doubter1 Number:  3574 of 3879

Netflix: I was reading the Jul 20 newsletter and noted that both Tom and David strongly recommended Netflix. Though I was a successful video chain owner for over ten years that managed to get out of the business just before the brick and mortar collapse. It was against my better judgement to buy into netflix, I did it anyway. On july 24 I purchased shares of Netflix at @81.80; it immediately started to fall and before I reacted and sold my interest on Jul 31 I had lost 30.2% of my investment. It has recovered a little since then it will probably take more time than I have left to get me back to even if I were to not listen to my instincts again.
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