Aug 12, 2005

A Financial Lesson for all

Back in 1997, Argosy Casino first opened up in Cincinnati. It slowly grew in popularity over the next 2 years and now is a Cincinnati tourist destination.

Anyway, around 1998 or 1999, a couple of friends at work and I started to look at their stock. As a young company, it was pretty low at that point - I think it was $3 for most of 1998.

Numerous times during that year, I was thinking about pulling together $1500 or so and buy 500 shares. I believed in that stock - since I was going there once a month at the time! - and believed in the company.

Well, I checked the share price yesterday. Why don't you check it too. It's symbol is AGY.

I felt immediately sick.

Moral of the story: if you truly believe in a company and its prospects, do whatever you can to get the money and invest in what you believe.

(I'm buying Sirius next week.....)

1 comment:

dzahn07 said...

Agreed. I'm buying 500 shares of Pussycat International Movie Productions this week(Symbol PIMP). Best porn since the dinner party.

And by the way, Siruis Stock has climbed several points since we were looking at it last year. Buy it before Stern goes live, or they decide to merge with XM.