Yes daddy, I'll do anything you say

[flexagon]

Two days ago the Motley Fool told me to sell WFMI (they own Bread and Circus) because it's gotten overvalued even though it's a great company, and I just did it. I did some poking around to see how to get a Roth IRA going, too, just like that Amex financial advisor dude said to do. Independent little "I make my own financial decisions" me, yeah right, before I lost all that money. I did make 33% on WFMI, which is by far the most I've made on any stock yet... most of 'em have dropped like very heavy rocks. The Fool got me in and now the Fool has gotten me out. I still own one or two things that I think will rule the world someday and nobody else has happened to notice yet (Conceptus, CPTS, fer example, down 25% since I bought it, but damn is their procedure ever better than tubal ligation), but... yeah, I've lost some of that drive. A lot of that drive.

There really was a time I thought I'd be good at understanding the business world, but too much of it comes down to herd mentality, which I'm not so good at grokking. Think I'll sign back up for the Fool stock advisor newsletter, when I'm done saving for the condo.

Comments

[webrat.livejournal.com]

I had some MACR stock, I bought at 24 or whatever. Then it started dropping, I sold it all. Waited til it hit rock bottom ($6-$7) and bought a bunch back. Last friday it shot up to $18. That made me happy, now it's starting to drop a little (down to $17).

Someday everyone will figure out that the stock market is just a racketeering business for the rich folks. Especially since majority is based on rumors, speculation and the worst thing of all, press releases. At my old job, we released a press release just about every week so that we could get the hype going on about us. Didn't work very well.