At least you had a happy ending on that story. 15+ years ago or so I got into a penny stock for 22,000 shares at 9 cents. It was the dot com era. The company had a device which treated glaucoma patients with no drugs. The stock shot up to $4/share and I sitting on almost 90K profit. I was an inexperienced trader so i let the PPS fall. Every time it fell I'd tell myself that I'd sell out when the PPS recovers 10%. I walked it down to 25 cents before I dumped it all. So I made a small profit but it was too painful. Obviously I should have taken 50% off the table when it was at 4 bucks and then let the rest ride with stops. Live and learn.
I do have some concerns about Office Depot being able to compete with the likes of Amazon. The CEO may very well have spilled the beans in his casual comment. Maybe Office Depot needs to aggressively change their marketing strategy and business model and move more towards online sales to compete with other online merchants. And shut down a lot of the brick and mortar outlets.
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