Friday, October 2, 2009

Proof that you can be very smart and still do very stupid things

I bought more OMTR in the last five minutes of trading yesterday. I think that's the worst investment mistake I've made since I bought GE at $32 back in May 2008.

Since OMTR will be bought out by ADBE for $21.50 share in a mere 21 days, and I bought at $21.41, my maximum profit is $0.09 a share on this purchase. What was I thinking?