Sunday, October 03, 2010

I have an addiction...

I've been warned, hand slapped and tsk,tsked.  No, it's not my utter free-for-all, lack-a-dazy attitude of letting my kids watch t.v whenever they want.  Or my perpetual believe that slicing cookies and baking them is the same as making them from scratch.

 It's my addiction to buying stocks.

This one little itty, bitty penny stock is driving me mad.  It's like a child that I see so much potential in but can't seem to convince it of the same.  My Golden Hope Mines Ltd. (GNH) stock had a bit of a growth spurt about 2 weeks ago and I was so proud.  But I let the ball drop too soon (I bought it at .66 and sold it at .73) and watched from the sidelines it rise to .97!  I cheered it along by sneaking back in at .77.  Ok, you think that is pretty good.  BUT I COULDNT STOP!  I see it steadily climbing and don't want to miss the peak, the mountain high of $1.00.

My finger itched, I bought and bought; .85 (stupid) .82 (dumb), .80 (stupider).  But I was reasoning with myself that it would stop the fall.  And it was a nasty fall.



I see my child trip and I can't get there fast enough to catch them.  But I tried...yes, I bought more shares at .79 in the belief that I was "averaging down"  but honestly, all I was doing was paying out of my "ying yang" in commission fees.  Remember those nasty $30 charges??  I know, I know.  Dumb, stupid and stupider.

So even though it went down to as low as .49 I kept my trigger finger firmly tucked away in my pocket. I had to stay away from the computer.

I still am banging my head against the proverbial wall but I know my baby will walk, no run soon.  It closed at .60 but went as high as .63 on Friday (Oct. 1) and new results are looking good.

If you want to join the time - welcome, I love having fellow cheerleaders to choreograph new dances with.  The stands is always a good place to be...but I prefer to be IN the game.

























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