mogri : network

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To think about the way my MF purchase went last year, this makes sense. Let’s see what will happen this year.

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I finally sold STEC in this morning in order to buy YHOO. I loss 30% or so from STEC (the first stock purchase… bad pick/timing, good experience), so I wasn’t going to sell it. However, YHOO fell down almost 12% in this morning because of the disappointing earning report, and I don’t see any other way to recover 30% loss from STEC anytime soon by holding onto it, so I sold all STEC shares and bought YHOO after consulting with my wife (think she has a good sense of this kind of thing). Hopefully I can recover some of 30% loss from STEC by EOY.

A few things learned from the first stock trade:

• Never buy a stock when it starts coming down from the peak.
• Need to be able to read at least 3-5yrs of data.
• Check the cash flow (Thanks, Srikanth, for the tip).
• If you want a stable income, buy a stock of stable companies.

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