Friday, April 9, 2010
April 9
Cut my losses on Palm Inc. My initial plan to short the company worked in the beginning, gaining over $500 at one point. However, I kept at it and got too attached to it as it declined in price and eventually lost money, costing me over $5000. In contrast, my choice to invest in Blythe Company because of the earnings they were going to announce paid off greatly. It has made over $11000 for me so I am going to sell it to avoid losing these gains.
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