No. of Recommendations: 2
I find myself embarrassed just thinking about it. I've owned Netflix since it was $19 a share. When it hit $277 I decided to sell. The next day it went up to $283 and I thought "What was I thinking?" and bought it back. The rest is very sad history as today it is under $50 a share. My original gut instinct was accurate, but my inner fool got in the way and I'm paying for it now. While the loss is huge today, I did in fact milk the stock over the years and took the profit numerous times to expand my portfolio in other directions. I'm hoping that one day it will come back again as I'm not selling now. And I continue to use Netflix way out here in the country, looking for my discs in the mailbox and happy to get them.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.