I worked for a dot com in 2000. We went public in March 2000, just as the bubble was bursting. The price we employees were able to buy the the stocks were $24 per share but we could not sell when we wanted.Couple weeks after it went public, the stock peaked at $116; one year later it was at $5.
I knew 2 people that were brilliant and were so smart. they both created programs to automatically buy and sell stocks for them. 1 was a day trader, and the other even held classes in his home. They both retired, they BOTH went back to work when their gimmicks failed
Amazon, at about $20/share in late 2000, hit ~$5 a few years later. Fast forward SLOWLY, and it hit about $100 in the later 90s, and dropped to maybe $50. It hit $100 again maybe 2009. In Market Adjusted for Splits $, that $20 is about $2, and today it is $127. Sometime the market rewards patience
I was left with $60,000 +/- invested after the first Dot Com bubble burst. Decided to double down on the tech sector and put it all on a NASDAQ Index fund and let it ride. It reached $600,000 +/- about 3 years ago when I decided to diversify. I got no complaints (except Long Term Capital Gains Taxes).
BE THIS GUY 11 months ago
I worked for a dot com in 2000. We went public in March 2000, just as the bubble was bursting. The price we employees were able to buy the the stocks were $24 per share but we could not sell when we wanted.Couple weeks after it went public, the stock peaked at $116; one year later it was at $5.
The dude from FL (not bragging) Premium Member 11 months ago
I knew 2 people that were brilliant and were so smart. they both created programs to automatically buy and sell stocks for them. 1 was a day trader, and the other even held classes in his home. They both retired, they BOTH went back to work when their gimmicks failed
robertthomasson 11 months ago
I am haze on the internecine language of market trading, is popping good or bad? Rising or falling?
Mugens Premium Member 11 months ago
Gotta love that last panel.
Geophyzz 11 months ago
My son at Morgan Stanley said “Buy Facebook, opening at $40!” He was right.
OshkoshJohn 11 months ago
“Boom Dot Bust” was a great Firesign Theatre album.
jrankin1959 11 months ago
When my wife first got into the stock market, I clipped this panel from the newspaper; she kept it on her desk for years.
Timothy Madigan Premium Member 11 months ago
Most IPO trend up at the start and then drop when employees can start selling. Smart long-term investors usually wait 3 months before buying.
ctb11365 11 months ago
Amazon, at about $20/share in late 2000, hit ~$5 a few years later. Fast forward SLOWLY, and it hit about $100 in the later 90s, and dropped to maybe $50. It hit $100 again maybe 2009. In Market Adjusted for Splits $, that $20 is about $2, and today it is $127. Sometime the market rewards patience
mistercatworks 11 months ago
We are all much calmer “on the way to the poor house”. Gambling is gambling. The odds are not in your favor.
michaelesum 11 months ago
I was left with $60,000 +/- invested after the first Dot Com bubble burst. Decided to double down on the tech sector and put it all on a NASDAQ Index fund and let it ride. It reached $600,000 +/- about 3 years ago when I decided to diversify. I got no complaints (except Long Term Capital Gains Taxes).
Richard S Russell Premium Member 11 months ago
One guy who made a fortune in the stock market was asked what his secret was and replied “You’ve got to get out the day BEFORE the market crashes.”