A Contrarian Changes His Ways

Late last week, I bought SolarCity (SCTY). Until recently, I hadn't bought very many stocks like SolarCity in my life. 

I was born a contrarian and value investor. My first-ever trade, in 1999, in my newly-opened Ameritrade account seeded with a few thousand bucks, was to buy shares of Philip Morris (PM) right before the conclusion of the Engle case. I paid $19 and change for it, just about the all-time low. The end of that trade is much less interesting -- I sold the $25 strike calls against it and watched helplessly as it got called away and subsequently went 10x....557 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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