Quick story about trading the news

[Goods]

A few months back, I pick up Popular Science magazine. There's a huge feature story about Startech Enviornmental (STHK). They make plasma convertors that turn landfill and toxic waste into energy. Great product.

Stock was around $2.50, barely any volume. The day the magazine came out, stock went to $3.00 on huge volume. I waited a day until the profit takers sold off and grabbed 1500 sh @ $2.75. Only I bought it because I thought once people got to know this existed, they'd be ordering $250 million dollar convertors by the dozens.

More people read the article and the stock hit something like $3.65 within days. Had a nice profit. But I didn't sell. Figured I was on the ground floor of the long run up.

Then I watched the stock float down little by little. I used that to buy more. Only it kept going down until I ate my gains. Ended up cashing out even and watched the stock fall back to previous levels and volume after interest died. Last I looked it was a $2 stock.

Point is, it's a great product but a shit company. Shit companies have shit stock. Take the gain and get out.