My Greatest Trade
By TheWild1 at 10 February, 2008, 4:35 am, Categories : Financial Markets
With all the bad news and horrible losses the market has been experiencing lately, I decided to remember the good old days. When you could virtually pick any stock and it would rise numerous points any given day. So I thought I would share my greatest trade to date.
The stock was Hilton. The time was October-ish 07. It is not like this was the best trade I ever came across, but more of being in the right place at the right time. I honestly didn’t really pay attention to any of the fundamentals, chartology, or anything. I remember coming across Stockpickr, and I was just browsing through the site. I thought it was pretty cool how you could see what lot of the pros were doing all on one site.
Anyways I came across a pro’s page, where it said one of his holdings were Hilton. Apparently they were planning to have 10,000 hotels worldwide in the next 10 years or something like that. I can’t exactly remember the numbers, but it all just looked like it checked out. So I thought, “Hey lets just give it a go.” If you couldn’t tell I was desperately looking for something to buy. I ended up buying 200 shares at about $34ish.
About 3 months weeks later the news finally came out of nowhere, for me at least. Hilton Hotels would be acquired by The Blackstone Group and shareholders would get about $47ish. If you were paying attention that was a profit of $2600 (up 13 points) on one position.
I consider this one of my greatest trades because it was one of my luckiest. I really didn’t put much into this stock when I started. It was just suppose to be one of those risky, have fun plays. Everybody has classification for what they think great is. Mine is getting extremely lucky. After being in the game for a little over a year and half, it is in a three way tie with Haliburton and AT&T for my greatest return (in terms of points it went up).
The funny thing is that I really haven’t been back to stockpickr since, although I kind of want to check it out again. For me I always like to remember the good times, when the market fluctuates like it is. Life is a long-term investment, so you shouldn’t always look at everything in a short-term manner.
image source - travelnow.com
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