The Wild Dad

“Hey Nat, would you like to try trading this stock and see if it makes money?”  “Sure!” 

In November of 2005 all of my boys purchased shares of North American Palladium (PAL),  a weird metal that was reccommended to me from a friend’s stock course teaching call.  We bought it at $4 and change and sold it at $6 and change.  Nat had about $800 in his custodian Ameritrade trading account.

So that trade he made about 50% and had $1200 in his account by December 2005.  I forgot about trading his account for a few months.  So in July 2006 I asked him if we could trade another stock on a weird tip I got from the stockcharts.com Public Charts list. 

It had to do with insider trading, but I can’t seem to find the guys stock picks  at present.  Anyway some insider put a lot of money into Inspire Pharmaceuticals.  We bought in at $4 and change around the end of June with Nat’s $1200.  Nat had 310 shares with ISPH.  It closed the year at $6.35 worth about  $1968.50.  His original cash was $800 in Nov. 2005 for a growth of about 140%. 

Very cool for a six year old.  His response “Suh-weeet!”