Well I’m kinda pissed at myself for pussing out on a two week double my money stock buy that I mentioned in another thread, now I feel I missed the boat on my pics. About two weeks ago I threw out a entertainment fund scenario where I was going to buy 1k each of six stocks and backstop them as soon as they doubled. I found what I thought were some oversold names that got beat up for no reason or were so cheap but I felt they would survive even if they were priced to go bankrupt. Ford, harley, costco, ge, phillip morris, and citi.
I solicited lots of opinions, both here and in my real world, I read some views from experts, thought about it and eventually just held tight with the cash. I don’t even need to tell you what happened, it is exactly what happens when I dont trust myself, happens every time. We are never going to get to guns and canned food time, ignoring fundamentals like 3x p/e ratios is exactly why I deserve what I got, nuttin. Ge, harley, ford and citi have already doubled, costco is up about 20% and phillip morris is up a bit.
But that 6k made about two bucks sitting in my money market fund these two weeks, so I got that going for me, which is nice.
I guess I can take solace in the fact that I would have taken that 5k I would have made and thrown it away on sin and hedonistic pursuits next weekend on my annual boys trip, and who needs that. Let’s see, I would have paid the 1500 in taxes and then spent the other 3500 partying, drinking $100 bottles of wine, smoking $20 cigars, and probably ending up in some bordello with four porn stars at the same time. Then when I die, I’ll go to hell and regret the whole thing or at least pretend to regret it. Maybe I’ll take my two bucks in interest and donate it to charity, then I’ll feel like a better person, yeah right!!
