If you've ever ridden Public Transportation before, then you've done it. Zoned out listening to your walkman / discman / mp3 player, looked up, and as the doors were closing you noticed a donut spot or a hot dog stand and you were really hungry or thirsty. You probably kicked yourself before the subway tunnel lights began to flicker again, but realized that the only thing you can do is sit back and wait for your station. Again and again, we hear about how bad 2020 is starting off, but it also opens up new opportunities in the stock market. Institutions are selling off stocks that have historically treated them well. As retail traders, it's our turn to get in and pad our accounts. So I jumped in on Denny's. A stock that normally trades around $22 per share. I didn't see it dip to $4.50 (regrets) but I managed to get in as it steadily rose to $9.05. Still an amazing deal, right?? Right??? The public will be slowly getting back to normal life and Denny's is one of the most popular family spots to eat really. I got in immediately as the volume was high and set my sell limit for $20. I never saw a red day. then it hit $11.94. Almost $3 a share times shares purchased, you do your own math. That night, it was reported that more and more of the chain was going to need assistance money, even as they rolled out new business strategies. I saw my $2.89 share gain fall to a 45¢ gain. Still on the plus side, but damn. At the height of that short ride, I felt my spirits drop, because had I gotten out while the getting was good, I could have re-entered and started again with a nice chunk of extra profit. But the fact is all I can do is sit down and wait for my station. Denny's will rise again. Maybe not in the next month or so. But, the ride is the ride. Wait for your station.
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