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SoulStocks: Faith

The blog has been a bit slow lately because I've been finishing up a job and, well, lazy. I've also been kicking myself for a terrible stock move. Thankfully, it wasn't one in which I lost a lot of money; it was one in which I could have made a lot of money but didn't have faith in my research.

I bought an August $23 dollar call for Akamai Technologies and sold it a day later because the stock dropped a lot and I doubted myself. Here's the graph with handy locaters for where I bought and sold.

AKAMi.jpg

As of now, I cost myself around 350 dollars on the botched sale. I know, not a lot for some of you high rollers out there but better than the return I've gotten on the items that I bought instead. Anyway, I recently cashed out one of my options for a decent profit and I'm breaking even overall now that my TMO Options, which plummeted at the end of the year, has bounced back a bit. Still, that one option has basically wiped out the gains in my other stocks/options.

I've yet to really reinvest this year but when I do, I'm definitely switching to E-Trade or another site. They've made some changes to Sharebuilder but the options are still terrible - the prices listed on your portfolio page often doesn't change for weeks.


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