Received a phone call from a young broker, practically begging me to buy stock with him. I don't really need a broker, do my own research and buy/sell through Schwab.
I never buy large amounts of a high priced stock in fear of something going wrong and then coming up with a thousand(s)$ loss.
He kept telling me that Dell was going to go up soon. The insiders were buying it. My instincts said he was wrong. I told him Dell is like too many fish in a little pond.
We kept conversing a long time, then I said I like Microsoft instead.
The young stockbroker agreed. I bought 200 shares of Microsoft.
I'm ahead about several hundred bucks with Microsoft, but had I listened to his advice, I'd be in the tank on Dell for about eight hundred bucks in a two week period of owning it.
I still like the broker since he was right with a put situation before.
If you were me, what would you say to him next time about Dell?
2006-07-22
21:59:08
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3 answers
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asked by
Anonymous
in
Corporations