QCOR

Posted on September 24, 2008 - Filed Under My Strategy |

Some things just crack me up.

It was over a year ago that Barron’s profiled a little pharmaceutical stock called QSC. At the time it was hanging out at 1.20 per share. To say that I’m a savvy stock investor would be laughable at best. I’m still relatively new to the game but as time passes, I’m getting better.

I’m not sure what it is but I have an affinity for penny stocks. And something appealed to me about this company called QSC. So I bought a few hundred shares.

A few months later, the stock dropped. It landed at 80 cents a share. Two days later it sunk to 60 cents. Then it sailed down to 40 cents. I did the only thing I could think of: bought a few hundred more shares.

Then it went to 20 cents per share.

At that point I felt as if I had made a terrible mistake. I wasn’t too upset about the money because I only invest what I feel comfortable losing. The company had a new CEO and some prominent doctor from Johns Hopkins joined the board. The company still felt right to me so I held my position.

A month passed by before a friend of mine came running to my cube. “Dude! QSC is going ballistic!”

2.12 per share. Once at that point the company was finally eligible to be listed on the NASDAQ exchange where it’s symbol became QSC.

Two days later, it hit 5.10. I couldn’t believe it! My few hundred dollar investment had turned into a few thousand dollar investment.

This last week, it crested above 6.50. I won’t even consider selling QCOR until it hits $10 per share. A 2000% return feels right to me.

Hear me well doubter . . .

I never, ever give up.

If you liked that post, then try these...

Part 1: Deciding to Sell on April 1st, 2008
Last week, some of you indicating that seeing numbers would help understand more why I decided to sell Project #2.

Engineer X asks . . . on September 7th, 2006
From .

Comments

3 Responses to “QCOR”

  1. Steph on September 28th, 2008 9:09 am

    Dang- nice job Clifford!

    Stephs last blog post..Seriously?

  2. Clifford on September 29th, 2008 6:02 am

    @Steph: It is still my contention that you’re making us all look like we’re standing still.
    :)

  3. Steph on September 30th, 2008 6:53 pm

    Hardly, Clifford, but thanks for the kind words. :)
    Stephs last blog post..Seriously?

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