I s0ld my s0ul t0 G00gle

I wanted to start a poll, but I don't see any mods on so I'll just post a regular thread and they can change it if needed.

Instead of blowing my tax return money on high-tech krap, drugz, women, vacations, and other meaningless things, I dedicided to do something different this year.

I read an article on yahoo similar to this one, and decided to invest in Google at a time when their stock is at what seems like a low point. It seemed like a good idea at the time. The total cost was about $900.

So, my question is, is that overly impulsive? or something normal, that you all would do?

yes, it's impulsive, i wouldn't do it
no, it's not, i would do it too

edit: i paid $441.77 per share for google when i bought it. i only had $1,000 to work with total so i bought 2 shares. After the $12.99 they charge to do the trade, that left a little more than $100 leftover to invest elsewhere.

Poll added :happy:

Abusing your mod powers already :no:

MediaSlayer You will find out in a few months.
Non the less your chances are better than a simple bank account.

Risky gamble.

You could think about diversifying you investments. You know... "Don't put all your eggs in one basket".

google went bust last night when i searched for tits.

omg i'm so bad at this!!!!!

it gets worse, wednesday, when i did the google deal i saw that this company "Accredited Home Lenders Holding Co."(symbol:LEND) was trading @ around $4.50 a share. I decided to keep the other $100 i had to spend and not invest it. Now, as of the time of this post, it's trading at $9.67 a share and going up. FUCK :( where is donald trump when u really need him :( :(

edit: i would have made $125.40 had i invested the leftover cash in LEND

patience, it will come your way.

ok dave

final update:

i just sold my last shares of lend. so final results of trading were:

bought 2 shares of GOOG @ $441.77 per share
sold 2 shares of GOOG @ $448.09 per share
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that represents a profit of $12.64.

it would have been a much,much more attractive profit spread if i owned many shares of google instead of just 2. so the basic lesson is it's not good to invest in a stock so expensive you can only afford to buy a small number of shares. simple math, i know but i'm bad at math.

current share price of google as of today's closing of us markets-$456.65

bought 7 shares of LEND @ $11.45 per share
sold 7 shares of LEND @ $11.93 per share
------------------------------------------
that represents a profit of $3.36

here, if i were to choose to keep the 7 shares of LEND, over the long run i really could stand to gain because if it goes up say, $20 dollars over the next few months that would make me $140 before trading fees. however, i needed to close the account because i wasn't happy with the trading firm i was using so i sold them.

current share price of accredited home lenders(LEND) as of today's closing of us markets-$11.96

overall, i gained $16 but actually lost a small amount (less than $50) in the end because of the trading fees. luckily, when i was at the bank the other day one of the bank managers and i were talking and she gave me the phone number of a local investing firm with some real experience, and that seems like the best option for stocks, because the whole thing is so complicated.