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Old 06-27-2005, 12:10 AM
PairTheBoard PairTheBoard is offline
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Join Date: Dec 2003
Posts: 46
Default Re: Trying to sell poker chips, having trouble

When I was a kid my dad bought stock in Underwood Typewriters at $25/sh with a book value of $50/sh. After several years of losses to the IBM competition he sold the stock on a dead cat bounce at $20/sh with a book value now at $10/sh. It looked like a great buy at $25 but it was definitely a great sell at $20 because the company went bankrupt not long after. Sometimes you have to reevalutate your position.

PairTheBoard
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