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Sino-Global Shipping America, Ltd. |
I was one of the suckers who saw the IPO skyrocket and bought without
researching - obviously something was happening and I just had to have
a piece of it. I put in a buy at 21.50 but by the time I got it
entered it had gone past that point. So I bought at 24.70. By the
time it dropped past 21.50 I had twice as many shares on my hands
because I couldn't cancel the order because I was out of the office.
I sold half at 15.77 and have watched with embarrassment as the price
continued to drop while making the classic mistake of hoping.
I understand some earnings reports are supposed to come out the end of
Sept. So I figure, why not hold for a while and try to make more than
I would if I sell now - assuming [hoping] it goes up...
Just being honest about my stupidity :)