[speak] ThurmSpeaks::The Case of the Second Accidental Double

This short story is not a Perry Mason whodunit. "The Case of the Second Accidental Double" is a non-fictional account of a stock (Level 3 Communications [NASDAQ: LVLT]) that was purchased by accident. The last time I bought a stock by accident it took 2420 days (i.e. 6 years, 7 months and 16 days) for it to double in value.

On 11 April 2011, I went to sell some LVLT shares, but I accidently clicked the "Buy" button and, as if on auto-pilot, clicked the "Confirm" button. In other words, I accidently purchased some LVLT shares. Note: This accident would have been avoided if there had not been enough cash in the account to make the purchase.

Because of my long-term confidence in the growth of the Internet, I have decided to keep the LVLT shares to see how long it takes them to double in value.

   11 Apr 2011: $1.74 [the accidental buy]

The accidental double took N days (i.e. X years, Y months and Z days).

Update::2011.10.24

Level 3 Communications executed a 1:15 stock split; therefore, the accidental double price is now $52.20. LVLT closed at $23.50 on 21 October 2011.


Creator: Gerald Thurman [gthurman@gmail.com]
Created: 11 April 2011
Last Modified: Saturday, 05-Jan-2013 11:15:48 MST