I wish I could do that. I bought two stocks Friday and they've surged since then. I'd have a tidy little gain if I could bid them farewell. But I'm destined to play the "What If" game. That doesn't always bode well in the stock market. It doesn't hurt that the market is up significantly since Friday morning when I bought them. Bernanke had just started his speech and I decided he wouldn't let us go to hell in a handbasket, so I got a jump on things. Good timing for a change. But that could change.
I tell myself I should sell some and get back in when the price goes lower, which it almost invariably does. I don't have the discipline, though. And I'm loyal to a fault. My methodology has evolved into a couple things. I have to like the product and it has to have a strong balance sheet. That describes both companies I invested in Friday. I've bought and sold them before - made a nice return. For some reason, I don't get attached to them.
Now, if I had a brain in my head, I'd take some gains and cut some losses and buy gold. But when it comes to investing, I use my gut. And the truth is, IDGAF. It's my retirement money. If I hit it big on my pet stock, I'll be a wealthy woman. If it goes belly up, I'll be eating Alpo for dinner.
I need to go - duty calls. I'm going to take a look at things in an hour - 20 minutes before market close. The Dow is up 239. I've made a hundred bucks on my two new stocks since I started this post. Unrealized gain, though. Important distinction.
If I were smart, I'd figure out the ticker symbol of the producer of Alpo...
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