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Friday, November 11, 2005

closed out CXTI investment

I sold the last of it at $1.90. Now that was a good investment: 100% gain in roughly two weeks.

To get an idea of the astronomical rate of return, if you could increase $6,000 at that rate, in less than a year you'd have more money than Warren Buffett. That also gives you an idea of how unlikely it is that I'll ever do this again.

UPDATE same day: So did I forget about ValueClick and the mistakes of the past? Not really. I didn't invest in CXTI at $2.20 when I looked at it the first time. Does it make sense to be invested in it above $1.90? No.

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