Thursday, December 19, 2013

Ouch!

We got crushed yesterday. Like many others, we bet that the market would get slammed yesterday and got completely run over! We should have just stayed in Groupon. Dumb move. It wasn't that we lost the bet that irks us, it's that we got so greedy. We wanted the 100% return this year and we went for it. The trade was dumped at $8.03 from a cost basis of $9.09. We bet big. We lost all our profit from last week that was made on Groupon. Still up 32.19%  for the year and in %100 cash. We could have cashed out with a 76% gain for the year; but, wanted to go for it. This account is used for aggressive speculation, not portfolio management (that's too easy). Stay tuned for the next play.