Friday, March 17, 2006

Sold Avanex Corp (AVNX)

I exited my position in Avanex Corporation (AVNX). I had purchased teh stock at a price of $1.95
After that, I saw the stock plummet down to as low as $0.69. But alas, I did one of the worse mistakes an intelligent investor will never do: did not buy additional shares. And that is because I did not have any buying power at that time. This is something I have learned and will always make sure I have more cards to play with in the next round of game.
However, I held on to my stock-pick; I had a small confidence in my stock picking ability, and I thought I did not have anything to lose much further. Well, the stock has been rising for the past 4 months, and yesterday, I sold it for $3.48; a hefty 90% gain.

I just wish I had invested more money. For those who don't know me, I am still a novice. I am still playing with amounts as little as $500.

But I tell you, one day, I am going to be a big player; real big.

I hope to portray my journey here, and I hope that the story my journey will help you in some way; and if not, it will atleast provide an entertainment value ;-)

Take care friends, and have a good weekend!

Bhetuya!!

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