AIG Stock

This morning I lost $200 dollars trading on AIG! I'm used to making gains in the market so this one hurt! AIG stock gained 67% yesterday so I was hoping to make a quick 10% gain today but I bought at the wrong time and my broker Scottrade put in 2 orders instead of 1, so I ended up buying more shares than I wanted. Long story short, I'm down $200!



The stock is moving upwards again this morning but I think I'm done trading this week.
Hope everyone is having a good day!

HS

8 comments:

Anonymous said...

HS,

Hope you learned your lesson

Anonymous said...

No, he is going to get burned.
HS, you never talk about your other investments. Do you have an emergency fund yet? (Besides your savings account.) Are you and your wife actively saving for retirement, or is your plan to live on your wife's teacher pension?

KC said...

Hey HS -

Sorry to hear about the bad timing on AIG. Luckily, I was able to purchase a good deal of their stock when it was around $1.40. I had some similar luck with American Express when they were back at $18.

Try not to worry so much about the short term gains and/or losses - just remember AIG was once at $70/share - with the way things have been turning around, it may very well be back there in a few years time. Good luck, but like Anon kind of mentioned - don't take your eye off the prize.

KC

climbingfromdebt.com

Becky R said...

Thanks so much for the donation. I am in tears I am so blessed. Earlier this week we got a food store gift card from a friend as well. I will be able to pay all Aug. bills now (I can use som eof my food money as well.) Thanks so much. I pray for blessings for you and your family!
It is amazing that I have been not working since April (due to my surgery on my ankle and my brother's death.) and yet God still makes a way.
I really enjoy reading your blog!

Becky R said...

I had to reverse donation as I am not able to access that paypal account, it is in my maiden name. I have a valid paypal account with joshuasmiles@msn.com Thanks so much. I really appreciate it!

Sorry to bug you! -Becky

Janie Out of Debt said...

I like your blog.

HS @ Our Debt Blog said...

UPDATE: I made over $300 trading on Dynegy, I bought before they announced their quarterly resuts. My investments are no longer in the red, I'm up $132 for this year.

Anna Lee said...
This comment has been removed by a blog administrator.