Here Laurence, I'll make you feel better...
Bought about 300 billion shares of Enron just a few days before they declared bankruptcy for something like 45c a share. Sold them later on that day when some possibly good news might be coming out for about 90c a share.
Oh wait, thats probably not making you feel any better. Made me feel better 
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Many an optimist has become rich by buying out a pessimist
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