I've followed some Goldman stock calls - they have been awful from what I have seen. I did see a website that tracked their picks for a bit of a longitudinal study - let's put it this way - I would not touch a Goldman pick after seeing that.
As for Garza, it was a horrible prediction. He compared it to BIEL in his article, saying something to the effect that MCLN's run in the near future could make BIEL's run (from 2009) look like child's play (or words to that effect).
That prediction was months ago - he never hit his .40 short term prediction and given the stock is trading at .022, that was legendary (in a bad way) IMO.
At the time, I got away from my own investment philosophy of investing in my own picks. For that, I learned to just stay with my own predictions - something that has worked very well for me over the years.
I invested a little over $3k in this. Not life-changing, but I don't like to lose.
But, the way I look at it, if you learned a life lesson from your mistake, it's worth far more than the money you may lose on it (assuming you don't lose everything or close to it).
One good investing rule is: has your original investment thesis changed? If so, it might be time to reevaluate it.
All I can say is mine has. If I could roll back the clock to late Nov., I would not have invested in MCLN. But then again, it was a lesson I had to get reinforced - just stick with my own stock picks and avoid the "noise" (which is a nice way of putting it).
GLTA
