uk I know better than to take stock tips that were obtained 3rd hand from a relative who knows someone who heard someone else say a stock is a sure thing. I know better.
But that didn't stop me. I bought 2000 shares of stock (or, I should say, I put in an order to buy 2000 shares of stock) this evening. A brother had lunch with a friend, who advised him about this hot stock that is poised to jumpt from its present level of $0.48 per share to $1.85 per share in relatively short order. I've heard it before. But, this time, for whatever reason it seemed more reasonable. I checked the stock out, to the extent I could, and found it plausible, if doubtful. It may go belly up tomorrow, but it may take off. The stock is HS3 Technologies, Inc. (HSTT). I put in an order to buy 2000 shares. I will, if I buy at that price, pay out $972.95. If it rises to $1.85 per share, I wil have made more than $2700. If it tanks, the most I can loose is $972.95. It's in a retirement account, so it's not like it's taking money out of my pocket today. It's more like taking my retirement away from me. Such is life.
I promised my brother I would not blame him if it doesn't work out. And I won't. I'm the one who said, "what the hell" and invested my retirement money. If it works out well, though, I will pay him back...when I can get my hands on the money!
Incidentally, my brother got the tip from a friend, who in turn heard it at a golf course. It really does happen.
I'm still waiting to hear from my Mexican realtor about good buys on houses in or near my intended retirement spot. The same guy with the stock tip apparently has money he wants to invest in Mexico, to build a place. I'm tempted to see if I can join the deal. There is money to e made!
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