With the news that Yahoo President bought 47,000 shares of Yahoo! stock at $23.60 in August and most importantly, I have faith with new CEO Jerry Yang is back to run the company. It worked at Apple and Dell, I think it works at Yahoo! too. So, I decided to buy some YHOO's shares. It was the second stock that I owned since I made a debut in US stock market in August 2007.
I was really happy as YHOO's share price soared to a record high of $34.08 toward the end of October, that was 43% profit. Unfortunately, it did not last long as the share price declined a week later and kept declining until I sold it at $25.23 with 5.99% profit. Not a bad investment though until I received a credit note stated that I made a loss from the investment. What A Disappointment! Yes, I forgot to consider Forex into account (-6.02%). Luckily, it was not a big amount.
Lesson learned from this incident; I created new field for exchange rate in the excel sheet and I will learn value investing technique for US stock market. Happy investing
Wish you all a very Merry Christmas
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