Paradyne

PDYN

Company. "Paradyne develops, manufactures, and markets network equipment to enable voice and high speed data over existing telecommunications infrastructure, worldwide. With headquarters and manufacturing in Largo, Florida USA, the company's products are used in over 90 countries, powering hundreds of telephone companies' data networks and over half the Fortune 500 enterprise networks." (company website)

Buy. I bought Paradyne last June when it looked like it was trending upward after a bottom in March. Volumes had picked up and PDYN surged above the upper Bollinger band. All aboard!

Only problem was, I bought Paradyne at what turned out to be the peak for the year. As I watched it fall, I continued to find silver linings in the obvious cloud.

Sell. After holding on through thin and thin, I finally decided to sell, having concluded that a sure capital loss for tax purposes was far more valuable than a potential profit if PDYN would ever turn around and go back up again.

It's a wonderful thing that byzantine US tax laws subsidize bad investment judgment! Thank you, IRS.