posted
I bought Thornburg Mortgage (TMA) last week at $.25 just doing a little bottom shopping anticipating a bounce if there would be a bailout plan finalized. I sold this morning up over 400%. Trades like that lately have been few and far between. Woohoo!!!!!!
-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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I only have one pink currently. Everything else is on the NAZ or DOW. I don't even have any AMEX stocks. Good play on that pink though if you got in and out. I held TMA for over a week waiting to see if it would bounce on the bailout. Got a lucky break on that one. I was figuring at best a 50% bounce, was shocked that i was able to sell at a 400% gain! Though I didn't catch the high, still happy with that trade.
-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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quote:Originally posted by jordanreed: congrats...its been aloonng time since ive experienced that!...good job
Just luck really. I was hoping for a small bounce and was rewarded with a big bounce. Just the luck of the draw I guess.
-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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On September 23, 2008, the Board of Directors of the company reaffirmed their approval of a one-for-ten reverse split of the company’s common stock, which will become effective on Monday, September 29, 2008. The reverse stock split was implemented to cure a deficiency under Section 802.01C of the New York Stock Exchange Listed Company Manual that resulted from the average closing price of the company’s common stock falling below $1.00 for more than 30 consecutive trading days.
Posts: 41 | Registered: Sep 2008
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quote:Originally posted by crazytrade: I'm confused. it did a 1-10 reverse split today. didn't your shares get adjusted? or are you guys just joking around?
On September 23, 2008, the Board of Directors of the company reaffirmed their approval of a one-for-ten reverse split of the company’s common stock, which will become effective on Monday, September 29, 2008. The reverse stock split was implemented to cure a deficiency under Section 802.01C of the New York Stock Exchange Listed Company Manual that resulted from the average closing price of the company’s common stock falling below $1.00 for more than 30 consecutive trading days.
Aye carumba!! Nailed again! I wasn't aware of that news. I just put in the sale order when I saw the huge increase. I hadn't been following it that closely. I have several trading accounts and didn't really notice the deficiency in balances. Thanks for the heads up crazytrader!
-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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quote:Originally posted by crazytrade: i guess it's actually down a bunch more today. a 1-10 would have put it at around 2.5.
Yea from my calculations, I ended up losing about 20%. That sucks hard. To go from what I was thinking was a 400% gain, to a 20% overall loss really sucks. But's that's da markets. Win some, lose some. There are udder fishes in da sea
-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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posted
Hey, I hit several 4-baggers....went down to 1/4 of the value....Will take 4 bags to get even.....does that count????
Posts: 2367 | From: Detroit | Registered: Mar 2005
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If you bought at .25 and sold at $1 you lost 60%, not 20%. How many shares did you buy/ And how many shares did you sell? Did you sell 10x more than you should have had after the split, and are then short, or did you sell only 1/10th of the shares that you bought?
quote:Originally posted by Pagan:
quote:Originally posted by crazytrade: i guess it's actually down a bunch more today. a 1-10 would have put it at around 2.5.
Yea from my calculations, I ended up losing about 20%. That sucks hard. To go from what I was thinking was a 400% gain, to a 20% overall loss really sucks. But's that's da markets. Win some, lose some. There are udder fishes in da sea
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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quote:Originally posted by PCola77: If you bought at .25 and sold at $1 you lost 60%, not 20%. How many shares did you buy/ And how many shares did you sell? Did you sell 10x more than you should have had after the split, and are then short, or did you sell only 1/10th of the shares that you bought?
quote:Originally posted by Pagan:
quote:Originally posted by crazytrade: i guess it's actually down a bunch more today. a 1-10 would have put it at around 2.5.
Yea from my calculations, I ended up losing about 20%. That sucks hard. To go from what I was thinking was a 400% gain, to a 20% overall loss really sucks. But's that's da markets. Win some, lose some. There are udder fishes in da sea
Actually did not have that much money in it. But it's only money. Just another tax deduction for this year. Gotta look at the positive aspect:)
-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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posted
it doesn't matter how much money you had in it when you calculate a percentage loss.
And what about the question about how many shares you bought compared to how many you sold (you don't have to giev numbers, but something like I b 10x more than I sold, or I bought and sold the same number of shares).
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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