Wednesday, May 30, 2012

Buy Low, Sell Lower

As Facebook continued to spiral downward, I decided to cut my losses and sell my 800 shares.

If only I would have sold them on Friday.

I also decided to buy 6 shares of Walmart, as my mother often shops for groceries at the store, and everyone needs groceries. In addition, I purchased shares of Westminster Coal Company, as Patriot Coal Company has been doing very well lately.

Today, I noticed that despite my poor performance due to my Facebook stocks, Haverty Furniture Company has been doing rather well. I suppose that many individuals purchased furniture over Memorial Day Weekend due to the abundance of sales and deals.

Overall, I'm not doing so well. But, it's comforting that I can attribute my stocks' poor performance to bad luck, and when my stocks perform well, I can claim it's just my brilliance.

So, it's bad luck that I bought Facebook low and sold it lower.


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