The story of my fucking life...

[LeftyFingerPop]

DISCLAIMER: Before anyone comes down on me for this, I want to say that I am NOT a rich man.

That being said however, I am very active in the stock market with what money I do have.

I bought Yahoo stock on a hunch a few months back.

I watched it drop.

And drop.

And drop.

I couldn't take the pain anymore, so I sold it a couple of weeks ago.

So, I go to the CNBC website this morning, and what do I read?

Microsoft has placed a bid on Yahoo, and Yahoo's shares are up this morning by 50% in European trading.

Fucking hell, I have no patience. :grr: :grr: :grr: :grr: :grr: :grr: :beer:

[raccoon]

1. You're man enough to share it with us.

Many people wouldn't. Most people brag about how they bought a stock cheap and sold it high, but would never say anything about when the opposite happens to them--but don't think for one moment that it doesn't. :hug:

[LeftyFingerPop]

3. Thank you raccoon...

:hug:

Ah well, it is only money after all, but damn!!!

Here's the thing, I HAVE the knowledge. I have been doing this a long time. I did my due diligence. I knew that Yahoo had an excellent business model. The problem that I have is that I almost always let my emotions override my knowledge, and that is a KILLER for people who venture into the market.

[Robb]

2. Tough game

I don't envy anyone who plays the market. Rough one. Like the casino, my granddaddy would say, only no one even brings you free drinks.

[LeftyFingerPop]

4. Yes it is very tough Robb...

You do your research, you study the financial statements, you listen to the conference calls, you time your buy...and then the big players fuck with the stock price so bad that the small investor is crushed. There is a reason this stock dropped so bad...so the company could be bought out on the cheap. :grr:

[LeftyFingerPop]

5. Ok...I'm going to beat the shit out of my monitor with a baseball bat...

YAHOO! INC. (YHOO) As of: 02/01/2008, 9:43am
Last Trade 28.66<+> Volume 128,950,632
Net Change 9.48 52 Week High 34.08 on 10/29/2007
Net Change % 49.43% 52 Week Low 18.58 on 01/30/2008
Bid 28.66 Ex. Dividend Date 05/12/2004
Bid Size 64 Dividend Pay Date 05/11/2004
Ask 28.67 Dividend Rate 0.0000
Ask Size 255 P/E Ratio 60.9800
Bid Exchange Pacific Yield 0.00%
Ask Exchange NASDAQ-NMS Split Factor 2.00
Last Trade Exchange Pacific EPS +0.47000
Open 28.69 Currency USD
Day High 29.83 Primary Exchange NASDAQ-NMS
Day Low 25.65

Stock Research (YHOO)
Get (YHOO)
Prev Close Price 19.18
Prev Close Date 01/31/2008
Quotes are displayed by Date/Time in Eastern time.

[Coyote_Bandit]

6. It could have been much worse

I used to work in the financial industry. I had opportunity once to watch some fool turn his $3 million retirement fund into something less than $100,000. That's right, in just a little over a year he lost about $2.9 million trading. He had to come out of retirement and go back to work. How did he manage to lose so much money? Lots of trading based on hunches, complete ignorance of the fundamental principles of investing and a complete lack of discipline to follow an investment plan. He was a trader, a player and a gambler. He was not an investor. It was not at all uncommon for him to direct trades in the same security multiple times during the same trading day. It was fascinating watching the train wreck - but he refused all advice and attempts to intervene. Hard to feel too sorry for the arrogant old coot.

[midnight armadillo]

13. It gets worse

In foreign exchange markets, NINETY PERCENT of all trades lose money!!! To make it worse, the trading client has the least amount of information available, after the broker and ultimately the bank.

[StrongBad]

7. That's rough

But you know what, you probably did the right thing by selling because how could you have known that Microsoft was going to buy Yahoo?

[LSK]

8. fuck microsoft to high hell

Do they have to buy every fucking thing in the world???

:grr: :grr: :grr:

[Schema Thing]

9. Sorry about your losses

that's painful.


Great title for an autobiographical porn movie though!

[theredpen]

10. Every time some potential employer offers me stock...

...I inform them that the most effective way to tank their stock price is to put some shares in my hands.

Every. Time.

:grr: :grr: :grr:

[northzax]

11. I hear you

I sold Apple at 30. oops. I made some money, but had I held on just a few more years...(and of course, I did need the money when I sold it, so I wasn't just blowing it off)

[Stuart G]

12. You win some, you lose some...it averages out..

Please do not beat yourself up...(but that will not help will it?)........In the long run, if you play the market, you will win some, lose some break even on some.
..Beating oneself up does not change things. Hang in there. You will get a hunch, and it will be ok...

....Stuart G.

[Bake]

14. Like the song says

You got to know when to hold 'em
Know when to fold 'em
Know when to walk away
And know when to run ...

Gawd I love a good country song!!

Bake