iBankCoin
Joined Jan 27, 2008
7,405 Blog Posts

Caught In a Secondary

Nothing sucks more than being caught in an unforeseeable event, such as a secondary, ie. $GNK.

Today, I decided to jump back on the $GNK ship after playing it perfectly the previous two times this year. This time GNK looks to have the last laugh, currently down 10% in after-hours.

I have no patience for these types of events. I could probably sit on it a while and make my money back at some point, but I will more than likely cut it and chalk one up for mother market.

The worst part about running a blog and or premium service is getting other involved when a trade goes bad. Not only do I lose precious capital, but everyone involved loses as well.

This never gets easier to deal with, and to my followers, I am sorry.

I have some lost ground to make up after today, off to do some homework.

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10 comments

  1. Matteson83

    RC, the information provided by chess and yourself make up for events like this. Can’t win them all, just have to move on to the next one.

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  2. CASHN1N9

    Gotta have short memory, move on to the next trade… A lot of respect for you man, to admit your mistake…

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  3. The Pirate Trader

    Yaaaaaaaaaaaaaaaar, I should’ve warned ye. We’ve been plundering all the $GNK ships. We must’ve forced their hand. With all their gold now in our ships, they needed to replenish their supply; a secondary offering only makes sense.

    Sucks that one of our fellow comrades was snuck aboard their ships, a-spying, but there’s not much ye can do when mother market blows the ship asunder.

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