Friday, May 12, 2017
My mistake to part too soon
At one time, I expected Cisco would acquire ALU, so I bought it at $1.
The 2B + 2B liability = 4B is a bargain considering it can build network
and all the patents. Cisco missed the opportunity and I sold ALU with
40% profit in a few months. Then, ALU went on to a 3 or 4 bagger when it
was acquired by another company. Cisco's fault and my fault to let go too soon. I forgot to use trailing stop as desribed in my book.
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