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Remember all the pumping a couple weeks ago about how GE could spin off divisions to "increase shareholder value"?

Yep. I bought some shares on speculation that very day at something like $18 per share.

Within a couple of days, I realized my mistake and closed out the position at $17 and change.

Of course, I also bought BABA on the same day. So far, that seems to have been a good decision. However, Alibaba is still a bit scary to me because of periodic stories about people selling counterfeit designer goods on Alibaba.

I bought BABA shortly after its IPO at around $101 per share. Then, it promptly fell to around $70 per share and stayed there a long time. I put in a standing order to close that position if it ever got back to breakeven, which it eventually did.

If I had held onto those BABA shares, I could have realized some serious gains. Last time I checked, BABA was trading in the $180 range.

Mr. CheeryO and a few other folks were much smarter and held onto their BABA long after it rose back above whatever they paid for it.

I don't do as well with individual stocks as I do with ETFs. That's why 90% of my investments are in ETFs, rather than in indivual stocks.

Live and learn... very slowly learn for some of us.
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