Hi. This is my first post. First of all, I've read the messages supporting those in favor of buying and selling. Some of you aren't very nice to each other, but I guess that's to be expected. I'm a mother trying to make a little extra money for the family. I had bought a couple hundred shares of KKD at $6.30. I just bought a few hundred more this morning at $7.80. I guess I'm one of the "stupid" ones, but I hope not. Does anyone have any useful (but not nasty) advice for me? Thanks.
I sold short MSO at 35.60... 1000 shares...
I think that stock is worth about $15, fair value.
KKD is a coin toss, heads it goes BK, Tails it comes up to around $9.00...
Don't give up on KKD. I bought Martha Stewart at 14 bucks a share, and I sold at 30. All along the path, shorts were trying to discourage me about MSO, but I didn't listen, and I stayed the course. Yes, KKD could go bankrupt, and yes, (MSO, Martha Stewart could have gone bankrupt too), but a lot of shorts will try to poke a pin in your balloon.
I bought 100 shares of KKD at 8.70 just recently, and watched it go down to 5.40 a share. I held on despite all the negative talk on the board.
I believe that KKD will bounce back, seriously.
Trust your own gut not anyone else's, and you'll be okay.
The best piece of advise I can give a new investor is do not buy ANYTHING that looks shaky...it's the best way to lose money. With high risk comes the possibility of high reward but also for high losses! Do some reading on the subject.
sell what you've bought now before you really get hurt and re-invest in something that is in better shape. listen to CNBC, read Suze Ormand and research the companies you're thinking of buying. If you have any friends who invest talk to them about how they decided what to invest in.
a fool and his money are soon parted, that is a Wall Street axiom, P.T.Barnum be damned
better luck in the future
I'm a bit nausiated right now. I put my stop/limit order in. I think I'm going to crawl under the covers for a while. If anyone wants to get rich, just do the opposite of what I do. As soon as I sell a stock, it goes up; as soon as I buy, it goes down. Darn those donuts... it looks like I'll be eating them along with a little crow this morning.