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Investment Stock Market

Goodbye, JAS (Jackstones, Inc)

After putting JAS on HOLD for 4 long months, I finally sold it today at a loss. It’s difficult for me to sell a losing stock but I had to do it, otherwise, the loss would even get bigger.

I bought it in June 20, 2014 when the price was ranging from P5 to P5.5 per share. It seemed to be an active stock during that day or week so when it hit P5, I bought 2,000 shares thinking that it was a good opportunity. Unfortunately, it didn’t happen like I speculated.

One of the big mistakes in investing in the stock market is not researching enough about the stock. In short I, myself, just speculated and sadly, it didn’t work for JAS. Another lesson learned for me.

I actually had no plans of selling JAS this early but I received a TENDER OFFER from JAS to sell it at P2.7 per share. Based on how I understood the memo, JAS will be handled by another group of directors or company and will make it private which means that they’ll remove it from the public listing of the Philippine Stock Exchange. Having said that, they’re encouraging stock/shareholders to sell their remaining shares with JAS until November either through the tender offer which is P2.7 per share or by selling it directly based on the current market price.

Like I said earlier, I only have 2,000 shares of JAS which I bought at P5 per share and considering their tender offer of P2.7 per share, I don’t think it’s fair to let go of it at almost 50% loss. The market price of JAS as of this writing is P3.9 per share but the highest bid is P3.75. Without thinking twice, I sold all my remaining shares with JAS at 25% loss. Yes it’s a loss but it’s definitely better than the 50% loss if I accepted the tender offer.  

It’s also a good thing that I didn’t invest much on this stock. Had I invested more, for sure that 25% loss would be equivalent to a pale of tears and regrets.

Goodbye now, JAS (Jackstones, Inc)! I only had you 4 months ago but I stayed with you until the end of your public listing. I got my capital back at a loss but the lessons I learned were all worth it. Hope you get better and more successful in your new home. 

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Investment Stock Market

18% GAIN = Bought it NXT; Held it JSI; Sold it JAS

6/4/2014

Some of you might be wondering what the title is all about. It looks like an equation or a formula, but it’s actually not. 🙂

This is about a stock that I bought a month ago with the stock code NXT for NextStage, Inc.

Few days later, I searched for it on PSE and I couldn’t find it. I found out that the name was changed to Jackstones, Inc. with the code JSI.

The price movement of this stock was downward and sideways before I went on my 2-week vacation in the province so I held it for the meantime.

When I came back, I couldn’t find JSI anymore. I realized that it changed its code again and this time to JAS.

Still confused?

Okay, I understand. 🙂

To make it simple, NXT, JSI, and JAS are the same company.

 

Anyways, I bought this stock at a price of 4.0 on April 29, 2014. It was the same day when I bought BLOOM and my very first day in stock market trading.

All that same day, the lowest recorded price was 2.95 while the highest was 4.42.

In the next 20 days, the price stayed consistently lower than my buy price. There was only one day that it went up to 4.15 and it happened when I was out of town.

Days after my vacation, the price stayed higher than my buy price though it went down a bit at times.

I didn’t invest much on this stock because I didn’t know much about it. In fact, when it was at its low points, it didn’t affect me that much because I knew that it wasn’t a big loss for me anyway. But when my paper gain went up to 20%, I wished I bought more. Yes, I get greedy too sometimes. I think everyone in the stock market does at some point. 🙂

Yesterday, it recorded the highest price of 5.50 in the last 30 days. Today, the price was constantly changing and I couldn’t predict if it’s going up further or if it’s going back down again. It hit 5.20 at one point and went down to 4.57. When it stayed quietly on 4.80, I decided to sell it.

It could have gotten higher. And yes it actually did. It even hit 5.0 again. But I tried to control that greed in me. I went back to my goal. My target was to sell a stock at a 5-10% gain. And I sold it at almost 18% gain. Not bad right? Not at all.

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The featured image does not represent the company or stock mentioned in this article. It’s purely a personal choice and the author is not to be deemed liable for any copyright because no attribution was required.