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Fish Stories
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ECNC what a taleI've been trading in the markets for over 20 years...some success, some failure and a whole lot of fun!!! But my most exciting fish story was buying a little stock called Econnect Holdings in the spring of 2000 at .96 that had a quizmo to attach to your computer that you could swipe your credit card through and pay for purchases on line. Seemed to be a good idea to me...I had gotten some mail message at work that brought the stock to my attention and I watched it on my Yahoo ticker for a few days. I finally took a chance and bought 1000 shares...and like magic within a week after I bought it went to around $21.00. YAHOO. However, after it hit that price range...it dropped like a rocket and I luckily got out at about $14.00. The stock was halted at $11.00 and they were investigated and penalized by the SEC (I think they were a boiler room type of stock) and the stock tanked to never recover. However, not a bad profit for a week (LOL). I bought my Mother a new car. I got my comeuppance, however, a year later. I got piggish...they were still around and there did seem to be some activity...they had a great website...and unfortunately I bought 5000 shares at .07 ...Thought if it goes to .15 I could make a few bucks...it did nothing but go lower and finally it did a reverse split...and it is currently .0047 and I now have 20 shares!!! No gain this time...oink, oink! < EOM > |
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