Theragenics (TGX)

Company. Theragenics produces "implantable radiation devices used in the treatment of cancer." (company website)

TGX stock chart
gain Bottom line
1%

Buy. I bought my first lot of Theragenics last September after it made a big jump from around $4.50 to over $6 in three days. I now realize this should have been a big red flag: too far, too fast. But, fools rush in...

In October, TGX reversed the gain and dropped back down to just above $4. I held on for dear life!

confused

At the begining of December, TGX jumped back up again, then pulled back. Thinking all was now well, I bought another lot.

Sell. I decided to sell this morning when Theragenics announced quarterly results and reported a loss of 4¢ compared to a profit of 1¢ for the comparable period a year ago. Ouch!

This ends up as a wash sale, eking out enough of a profit to cover the trading costs and not much more. At least it's not a loss.