Thursday, March 16, 2006

MIndspeed Technolgies - MSPD

I owned 200 shares of MSPD for about 2 years. The stock did nothing. About 3 or 4 months ago I got pissed and said the hell with it. I sold the shares at $2.13 for a loss of $30 or $40, mostly due to the commisions. Well in typical fashion MSPD is now at $3.74 and climbing. It is absolutely amazing to me. Had I held out a little longer I would be somewhere in the vicinity of 60% profit. My timing is so bad. I was searching articles on www.fool.com , a great site, and found an article in their "Investing Basics" section that was pretty informative. If you're an impatient, chump like me you can skip the first seven steps and read this article.

http://www.fool.com/school/basics/basics08.htm

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