By Andrew
On Friday morning I bought 25 shares of McDonalds (MCD) at an average price of $56.70 (adjusted for the trading fee). The stock proceeded to promptly drop more than 4% below my purchase price. The catalyst for the drop was a downgrade from a Friedman Billings Ramsey analyst saying that same-store sales growth could begin to slow this year [...]
Stock Purchase: McDonalds + Lesson Learned
January 13th, 2008 · 2 Comments
Tags: Stocks