That is pretty harsh, Riggs. Always count on the vanity of the feminine persuasion. We will spend anything to look younger and prettier. Trust me on this... I just went to the exhorbatently expensive make-up store yesterday... I gots facial scars to cover.
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That which does not kill me postpones the inevitable.
That's the thing, when I saw the stock had tumbled from 30 some bucks to 1 buck I checked into the company and it gave no indication it was going to go bankrupt.
I bought the stock thinking it HAD to go up. But after two years of struggling in the 1.05 to 1.30 range I gave up.
Oh well. At least I know my hunch was right. Maybe I'll stumble on another one some day.
They do say you know , over here at least that when in or approaching recession, make up sales soar. women just wanna feel and look good! (I'm not biased, I don't wear the stuff lol)
I can't fing the article that said this though so maybe I imagined it as I can only find the opposite now...
Sorry JR. It happens though. Sort of been there and done that kind of thing. Except I never bought the stocks I wanted as I didn't have the money. Kmart and IBM were two stocks I wanted and they exploded. Kmart right after they filed bankruptcy is really what I wanted. They were worth a ton, especially after the merger with Sears. I had a whole list of wants. Most of them would have turned out this way. It is sad, but I guess it is more sad when you actually had money to invest.
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Stop trying to be what you see. Be what you ought to be.
Well, I've made myself feel better by realizing what a huge chunk of the money would have been paid in capital gains taxes AND I probably never would have let it get that high before selling. Once I doubled or tripled my money I'm sure I would have sold. I doubt I would have waited for it to hit 12 times what I paid.
Still would have been sweet. Even if you sold it at only a $5 profit, it would have been a nice chunk of change to put away. (Still even after a 15% capital gains tax.)
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Stop trying to be what you see. Be what you ought to be.