|
The Motley Fool Discussion Boards
|
Previous Page | |
|
Learning to Invest / My Dumbest Investment |
||
|
URL:
http://boards.fool.com/acad-30330383.aspx
|
||
| Subject: ACAD | Date: 10/19/2012 5:33 PM | |
| Author: FundamentalsMan | Number: 3591 of 3765 | |
|
Looking around in my account I noticed that this small biotech had gone up 10%/day for the prior two days and was currently up 10% for the third day in a row. I knew nothing about the company but I intended to buy it, hold it until the next day, then sell on another day's 10% gain. Nearly to the minute, once I placed my order, the third day's 10% gain evaporated. I sold three weeks later for a 28% loss. Lesson learned. |
||
| Copyright 1996-2013 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us | ||