Biggest mistake I have ever made was a little over a year ago when I considered buying Sirius Satellite Radio stock. At the time they had some major financial issues and Howard Stern was not sure if he was going to re-sign when his contract was up. Had he decided to retire or go elsewhere it would have likely been the end of them, but I considered still putting about $1000 into it and getting around 10,000 shares on a gamble.
I didn't. In then end I decided that I didn't want to gamble.
The other day the stock closed at $2.20 per share. My $1000 would be worth $22,000 today.
I guess you live and learn.
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