Archive for August, 2012

Dump that damn alu

Friday, August 31st, 2012

I bought lu lucent tech stocks back about 10 years ago, 200 at $4.05. Then suddenly in 2006, alcatar bought lu, so my 200 stocks becomes 39 shares of alu at about 14 when lu dropped to 2.05.

Someday I will dump this sucker. Now it became a penny stock, it is just 39 shares so I don,t bother to sell it, just assume I lost all the 800 bucks, back in 10 years ago.

Lessons learned: buy and hold will not bring you anywhere. You need to have a plan or strategy, an exit strategy to know when to get out of the game.