Sometimes I don't understand stock investing. I bought BYD at $ 11.30, having thought it was a bargain, watched the stock in free-fall and finally threw in the towel at around $ 8.50, locking in my losses forever. Now they mothball their semi-finished 4.5 billion Echelon Place project and suspend the dividend "for the time being" (which is to say forever) - and the stock soars more than 20 % to $12.
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Sometimes I don't understand stock investing. I bought BYD at $ 11.30, having thought it was a bargain, watched the stock in free-fall and finally threw in the towel at around $ 8.50, locking in my losses forever. Now they mothball their semi-finished 4.5 billion Echelon Place project and suspend the dividend "for the time being" (which is to say forever) - and the stock soars more than 20 % to $12.
Aug 03 02:54 am
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