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23 Jul 10
21:33
Joined:
Date Joined:
11 Nov 09
for the final show's reunion
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VardonVoo. Joined: 21 Dec 01
Replies: 848 13 Jul 10 23:50
What annoys me most is my own stupid attempts to get clever.
I mean buying Lloyds at less than 10% of it's "normal" pre-crisis prices was a no-brainer. Anyone who bought it at £5 (which I had nearly done for the steady dividend) would have had to take a
50p loss if their stop-loss was 10%, yet after the crisis that same
50p would have bought the exact same shares outright for exactly
the same risk (in fact less risk because the shares
couldn't gap lower than zero).
So why the hell did I buy BP at 300p and then sell and go short
at 340p, hoping to get in again at 300p? Im a tw*t! Lifetime opportunity squandered and made a loss out of (ironically not too dissimilar
to Britain and the "Wasted Windfall" of North Sea Oil).
Sometimes the money just offers itself, if only you could just wait.
---------
(Ooh-eeh-ooh-eeh-ooh)...wah-WAH-waaaaahhh....
Replies: 848 13 Jul 10 23:50
What annoys me most is my own stupid attempts to get clever.
I mean buying Lloyds at less than 10% of it's "normal" pre-crisis prices was a no-brainer. Anyone who bought it at £5 (which I had nearly done for the steady dividend) would have had to take a
50p loss if their stop-loss was 10%, yet after the crisis that same
50p would have bought the exact same shares outright for exactly
the same risk (in fact less risk because the shares
couldn't gap lower than zero).
So why the hell did I buy BP at 300p and then sell and go short
at 340p, hoping to get in again at 300p? Im a tw*t! Lifetime opportunity squandered and made a loss out of (ironically not too dissimilar
to Britain and the "Wasted Windfall" of North Sea Oil).
Sometimes the money just offers itself, if only you could just wait.
---------
(Ooh-eeh-ooh-eeh-ooh)...wah-WAH-waaaaahhh....
Do you remember "Everybody happy....
...la-la la-la-la la HEY!" from "A Fistful
of Traveller's Cheques"?
...la-la la-la-la la HEY!" from "A Fistful
of Traveller's Cheques"?
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