What stocks did you get wrong?

[Bolle]

I learned last year about mistakes. Bought MQG about a week before the crash, held on to it, hoping against hope that it would recover... eventually I convinced myself that property investing was dead, so I sold it at its lower point, only to watch it charge straight back up and above what i'd originally bought it for...

Reading the post above me though, i'm reminded that I bought BHP for about $36 in Aug or Sep of 2008, held on through an up then a massive down, held on, sold at about $34, figuring that was as close to 'breaking even' as i was going to get in a falling market.. then it rallied, and i ended up buying again at $36.

(I'm starting to think i should never sell anything.)

What can i say, i'm a noob.

 

[nomore4s]

lol this is one old thread.

As for me, everything I buy falls or goes nowhere and everything I sell goes to the moon, lol.

 

[swm79]

seems like i have the same problem nomore4s

my sell should be a big buy indicator

 

[Wysiwyg]

lol this is one old thread.

As for me, everything I buy falls or goes nowhere and everything I sell goes to the moon, lol.

Please disclose your sales. :

As for my real bad, Tamaya Resources (copper/gold/tungsten). My first and last experience with a bullshixxing company director.

 

[So_Cynical]

CTO - Citigold and MRE - Minara...at least MRE has rallied a little with the Nickel price and i did do a little average at the bottom which helped. i had Tamaya on a "stocks i want" watchlist so i did dodge a few bullets.

 

[Nyden]

lol this is one old thread.

As for me, everything I buy falls or goes nowhere and everything I sell goes to the moon, lol.

I believe we all think like that, every now and then! I seem to be an expert at picking the intra-daily bottom in many cases It's just a shame that it's a sell order that's executed, as opposed to a buy!

There definitely is something in this 'feeling'. It may very well be a case that the price one sells at as the 'last straw', is also the 'last straw' for many others. That being the case, it would then be time for the buyers to come on in?

Then again, there's a a sale occurring at every second of the open-day. I guess sooner or later, we're all bound to sell at the very bottom!

Still, there may be something in creating a 'Frustrated Sells' thread, to see if there's any actual connection!

 

[sam76]

ION

 

[Wysiwyg]

I believe we all think like that, every now and then! I seem to be an expert at picking the intra-daily bottom in many cases It's just a shame that it's a sell order that's executed, as opposed to a buy!

There definitely is something in this 'feeling'. It may very well be a case that the price one sells at as the 'last straw', is also the 'last straw' for many others. That being the case, it would then be time for the buyers to come on in?

Thoughts come before action is taken so it is entirely possible to pick up someones thoughts and unknowingly (or knowingly) act on them. Fear for example, the primal instinct, is visually perceptible but first the brain assesses the situation and makes the call before the organism reacts. So fear may be passed on below conscious level and the reaction is to sell. It's a groupy thing.

Probably not well explained but I think the general idea is there.

 

[Nero64]

Bought AOE for $1.83 in Jan 2008 it went to $4.11 and I didn't sell. It then went down to $1.74 then $4.80 and is now trading below $4. I could've sold or averaged up but I still have my original holding.

Bought CEY at $3.58 in Jan 2008 watched it go to $6.40 then bought back again at $2.45 then watched it go to $1.60 or something. It is now trading around $3.30 but I sold all my holdings for a minor profit.

Bought LEI at $20.50 in March 2009 and then watched it go to $16 then I sold as it came back up to $21.90 or something. Then it went to $39 or so.

Bought IPL for $2.08 and sold around $2.42 and then it went to $3.40 or something like that.

Bought CBA in Jan 2008 at $48.50 sold when it got to 39 then didn't buy it back when it was $25 then it went to $56

Bought BHP at $40.50, watched it go to $20 and sold when it got to $41 a few weeks ago . Hey I got 4 dividend payments.

Bought RIO at $51.20. Sold at $49.80 following good stop loss principles. Didn't buy back. Now it is trading above $70

Bought MGR at $1.29, sold at 1.40, it then went to $1.75

Let's just say I have learnt from all these experiences or did I. Time will tell.

Like all of you I have been stung by selling too early and holding in profit then selling for a break even.

 

[kanad]

MFS, later OCV, bought at $1, now liquidated
ABJ, bought a $0.9 sold at $.05
OXR, later OZL, bought at $2.7, sold at $1.1
ERG, bought at $.25, now liquidated

 

[Hedders]

I bought BTA at 44 cents and sold at 42 cents earlier this year (now around $2.90...I don't torture myself by looking anymore). I sold a few days before the swine flu epidemic happened- now THAT'S timing!

 

[Atlas79]

Missed the boat on AGG in I think it was 2007, when they were about $4. Made a bid a fraction lower than its most recent dip, was stubbourn about it, and it shot up to more than double that price and has stayed around about there since (between $9-10.)

 

[stretchie]

Bought 3000 ZFX and held them after the merger with OXR thinking the company would turn around. Boy was I wrong. I was writing covered calls on them all the way down so the loss wasn't as large as it could have been. But after OZL bottomed (I bought a few thousand more) and started rising my covered call writing started to get expensive and it wasn't worth rolling out and up each month so I let them sell for $1.10. Bought 3000 at 17.93, ended up selling 21000 at $1.10 for a loss of (I don't want to work it out).. a lot. :/

So I've now diversified a little and hold about 12 smaller cap stocks that I think have good growth prospects over the next 12 - 36 months.

 

[Aussiest]

EBR (Eagle Bay Resources, now SER), some dodgy mining company. Bought in at $0.17, sold at 0.075. They kicked back up again after i sold them, but are now fetching the princely sum of $0.023 per share. Have a laugh!

Have also made blunders with MQG and CBA. Sold out of WPL too early this year. Forgive me for i have sinned :

 

[awg]

As I had to transition across to a SMSF during the GFC, made some bad timing calls, but rather than dwell on the ones that got away, I will name the stock that I "got wrong... so far!"

LNC

I stubbornly refuse to sell when they have excess coal tenements for sale worth way more than the market cap...wins worst "cry wolf announcement" company in my portfolio + glossy brochures as well

 

[skc]

HGO... spent a whole weekend researching and concluded, without any doubt at all, that they are worth at least 30c in cash, plus whatever for other assets.

Purchased a lot at 23c, but SP was not moving much. So decided to play cute by selling at 25c and put buy order back in at 23c...

Obviously it took off without me.

Should have been a biggest trade this year - instead it was a modest profit.

 

[Julia]

OKN: Had a gain of over 100%. Didn't take part profits. Price fell about 5%. Fundamentals still good. No bad news. SP fell again. Again, stupidly focused on no change in the fundamentals instead of following what the chart was showing. Sold, giving back nearly 20% of the profit!

 

[condog]

Hey Julia I timed OKN to perfection, but recognised it stank compared to its competitors....so got out on its reports..put my money into SMX and DTL which have rocketed...I got lucky based on the timing of my research

But I got RIO, MQG and ANZ completely wrong into the GFC......miss timed all three with big holdings..... With RIO and ANZ - I took the big hit, got out and made the money back plus some on other better stock like MND, LYL, JBH, WOW and CBA......

On MQG I got out too late and missed the rises on other better stock......

Having said that, the majority of my portfolio are great yeilders so it gave me huge buying opportunities during the GFC....

On the flip side I bought BHP for $24 and Rio for $28 in late 2007ish and sold out just prior to them rocketing to thier all time highs....I made what I thought was good profit, only to regret it ever since... Then stupidly bought back into RIO for the case above...

But Im doing way better on that parcel of money then anyone who bought a HSV Bommodore of FPV Falcon with the same dosh.....

When you think somethings a dog, get the hell out of it as early as possible, irrespective of cost....Find a good stock and let it do the work to help you regain.........

 

[Synergy]

I had a small amount of keycorp shares as a kid. i think they were bought for somewhere around 50c. I sold a couple of years ago for around 60c, after they had reached $17. I knew nothing about shares back then.

I try not to look at the "what if's" though. There's nothing you can do about them and little to be learnt from them.

 

[Airfireman]

Im a nooooob

Buy BBG 10.17...sold 9.95...

GNI .41 ,,,waited waited,,,,sold .31 (i needed the cash figured it was going no where)..now .63

I have learnt my lesson...i hope

Tim