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Wednesday, August 05, 2015 7:19:44 PM
Did I ever make a mistake today. I have a friend who will buy
a stock and then sell in a heart beat. He called me after he
had bought a stock and wanted my opinion and I knew nothing
about the stock and said Doug why don't you buy a March in the
money IDCC call. Later today after the market closed he calls
me and said he bought 1 IDCC March 2016 $47.50 call for $7.00.
He is already worried about the call. He will now bug me every
day till March. I honestly wish I had never told him to buy
but guess I got to live with it from now till he sells the
call. I told him please just forget you own the call and check
on the stock price in March and hopefully you will more than
triple your money but I know him it will be a every day call
to me on what should I do. If it drops I think I will tell him
to just let me give him his money back and I will keep the call.
He has sold more stocks that he has bought and took a loss on
and the stock has gone up 7 fold, or 150% but it fell .10 cents
after he bought it and bingo he would sell. Why I did this I
don't know I guess God is punishing me for something.
JMO
Mickey
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