Malcolm Berko, Taking Stock

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Burned by Clean Coal Technologies stock

 
By Malcolm Berko    Comment on this article Leave a comment
Published: July 6, 2008

Dear Mr. Berko: You wrote a column on Clean Coal Technologies last January when it was trading at $23. I'm a chemical engineer and I know something about the technology so I bought 300 shares for $7,000. Within several weeks the stock ran up to $58 so I sold my stock and more than doubled my money. I thank you for that tip. However, several days later the stock was trading in the mid-$60s. I thought I made a mistake so I re-bought 300 shares at $68. The stock ran up to $75 and crashed down to $1.60 several months later. What did I miss? Where did I go wrong? Please advise me because I still own the stock.

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Related Topics: Science and Technology, Technology, Energy Technology, Electricity Generation



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