Since I blogged about buying stock in Google a few months ago I might as well blog the follow-up. Google went sky high, up over $300 per share. I didn't feel like riding it all the way back down again, just in case it should ever start to fall back to Earth, so I put a Stop order under it. I placed a limit of $275 per share on my Google stock, figuring if it falls back that far then I want out.
Yesterday Google fell below $275 and my Stop order kicked off the sale automatically. By the time the sale was done it had briefly climbed back above $275, so I got a few pennies per share more, but the difference was negligible. The point is, I bought Google for about $200 per share and sold it all for $275. There are a lot of people who made a whole lot more money off this company than I just did, but I can only do what I can do. They'll probably make more off Google in the future, too, just by hanging on for the long term and riding this thing out.
Anyway, a few months ago another stock, a turd I bought in 1999 called Verisign, hit its' Stop limit order and sold, too. I lost almost as much on Verisign as I just made on Google, so it's a wash for tax purposes. I made nothing and I lost nothing.
Thanks Verisign. You suck.
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