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Let me start by saying I read this forum, but don't post very much, actually, not at all for the most part. Anyhow, I am a fan of Mr. Market's, and learn a great deal from the posts I read from many members of this forum.
The purpose of this post is half to try and vent some of my frustrations, and half to solicit some advice. I think I know the answer, but I keep messing it up. ( and for maybe someone to prevent themselves from the same mistake)
A while back I took my father to a concert. He was not very interested, but he wanted to come along so we could hang out. He was using a device that I hadn't seen before, called a blackberry, and sent out about 40 emails during that show. I realized that this was something special, did a little research, and bought RIMM as it was trading for $18. I read an article a few weeks later in Barrons that said that RIMM was extremely risky, and were facing lawsuits over their patents, so I got scared and sold at $21. This is painful.
part 2. I have short term traded SIRI between 1.50 and 4.50 a number of times, however, I was always waiting for the day that Howard Stern would choose his company. The morning when Howard announced his move to SIRI (I was listening at the time), I sprinted to my computer and bought a large sum (for me) pre-market. I said to myself that day that SIRI is now a legitimate business, and I had the same feeling the night I saw the blackberry in action for the first time.
I was disapointed at the pullback at the end of the day of the howard announcement. I dont know what I was thinking, but I figured I would sell for a small gain, and pick it back up when it went back under 4... after all, SIRI could never hold $4 in the past.
WHY do I disregard the big picture. I have great vision of when something is major enough to really make a stock move, however I mess up with my TERRIBLE execution. These moves have cost me close to 100K, which is more than I make in a year. Man I am sick.
anyway, thanks for listening to me whine, and thanks everyone for their informative posts.
The purpose of this post is half to try and vent some of my frustrations, and half to solicit some advice. I think I know the answer, but I keep messing it up. ( and for maybe someone to prevent themselves from the same mistake)
A while back I took my father to a concert. He was not very interested, but he wanted to come along so we could hang out. He was using a device that I hadn't seen before, called a blackberry, and sent out about 40 emails during that show. I realized that this was something special, did a little research, and bought RIMM as it was trading for $18. I read an article a few weeks later in Barrons that said that RIMM was extremely risky, and were facing lawsuits over their patents, so I got scared and sold at $21. This is painful.
part 2. I have short term traded SIRI between 1.50 and 4.50 a number of times, however, I was always waiting for the day that Howard Stern would choose his company. The morning when Howard announced his move to SIRI (I was listening at the time), I sprinted to my computer and bought a large sum (for me) pre-market. I said to myself that day that SIRI is now a legitimate business, and I had the same feeling the night I saw the blackberry in action for the first time.
I was disapointed at the pullback at the end of the day of the howard announcement. I dont know what I was thinking, but I figured I would sell for a small gain, and pick it back up when it went back under 4... after all, SIRI could never hold $4 in the past.
WHY do I disregard the big picture. I have great vision of when something is major enough to really make a stock move, however I mess up with my TERRIBLE execution. These moves have cost me close to 100K, which is more than I make in a year. Man I am sick.
anyway, thanks for listening to me whine, and thanks everyone for their informative posts.
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