No. of Recommendations: 1
Dicks Sporting Goods was my dumbest investment. After listening to Jim Cramer's Mad Money I decided I would take his advice the day before an earnings announcement on the stock. Well, it plummeted. At one point I lost well over 25% within only a month. I continued to check on the financials of the company and decided that it was worth hanging onto and would cash out at a certain intrinsic value. The market agreed with my and eventually gained back to its original buy price. However, I would have done much better (and much less risk) had I invested in T-bills.

Moral: Do not just jump into a stock because a TV dude thinks its in your best interest. It may be once or twice, but I got burned. There is no reason anyone else needs to as well.

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