Sunday, August 14, 2011

Stock Market -Throwing Darts...


With the stock market on a roller coaster...or more like a bottom out, this past week, Luis and Felicia were watching like hawks to see what opportunities might arise.  Oh yes, like father, like daughter.  They have been researching companies and deciding where to place the bets.  Felicia has a stock watch list on her phone and has been giving regular reports.  After watching a handful of different stocks they make the final decisions, one of which is Costco.  The make their purchases right before the market closes.  The next morning they wake up, hop on the computer, and are anxiously watching to see what happens when the market opens.  Much to Luis' surprise he realizes he picked up the wrong symbol and had bought Cisco, not Costco. Well guess what, the very next day Cisco reported record earnings and the stock jumped.  So the moral to this story; forget all the research...throw darts, you'll probably have just as much luck!

No comments:

Post a Comment