Lessons I've Learned from CAL

I invested in Calata Corp. (CAL) when it had its IPO last May selling at Php 7.50 per share. Citisec (now COL Financial) only allocated 100 shares (which is fine with me because I don't know much about the CAL, but would like to buy anyway.) Lo and behold, before I knew it, the price continued to rise and I was just there, sitting in my work station, mesmerized, asking myself, "why is this happening?" But then, as fast as it went up, it eventually went down. And me? I was still there, still mesmerized and wondering how low can this get.

But just last week, I felt I finally came to my senses when I read this news. According to the news, there's an alleged manipulation in the price of CAL. As soon as I read that, I sold all my shares at Php 7.19. It was my first ever realized loss. Well, it's a small loss (Php 57.11  including all the fees), but still it's a loss and I knew deep inside that it should have been prevented early on (and gain in the process.)

So here's what I've learned: