Tuesday, July 25, 2006

Why I bought American Education Corp

American Education is another going-private opportunity that I nearly screwed up. My purchase accounted for exactly half of that day's volume (500 shares). I had intended on buying 1999 shares so that the commission would be minimal, but I didn't check the "all or none" box when I entered the order on my broker's website. As a result, I initially only bought 100 shares, which would have cost me a small amount. Instead, I stand to make a small amount. My return, however should be quite satisfactory.

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