Personal finance observation, musing and decisions in a journey toward financial independence by 2020 with at least $3 million.

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TRADE #2 - Buy MSFT 20s @ $65.00 in Datek (Backlog for April 24,2000)

Contributed by mm | January 3, 2003 9:13 PM PST

[This is a backlog for a previous trading transaction. It may not fully represent my thinking at the time of the trading.]

I purchased another 20 shares of MSFT @ $65.00 after the stock slided more than $25 since I bought it for the first time three weeks in prior. Again, I was misled by the misconception of "value." I thought MSFT was of more value after declining that much.

Also it was my first time testing "averaging-down" strategy.