Not all the news is bad
nowhere man - split personality
Oh yeah? Then why is Dell stock down over 50% from its high in March 2000? Grrr... it makes me want to hunt down my broker. :)
> Oh yeah? Then why is Dell stock down over 50% from its
Dell is only down 50% ? Now I wish I'd bought Dell instead of Sun. Oh, well.
Damn you're right about Sun. And I thought my Cisco stock was bad!
Back in late 1999, a friend of mine came into a small windfall of about fifteen thousand dollars (it was some kind of insurance settlement). She wanted to invest all the money in the stock market. I advised her to pay off all her (considerable) debts, first -- and then if anything is left, put the rest into index funds.
well, since we're talking about stocks, i bought Leap Wireless in march of this year... <sigh> from 10.50 -> 0.22 in a matter of months. excuse me... i feel sick.
Here in Portugal, we have two expressions:
The only good thing about the crash is that some of the 'rubbish' stock got taken out of the market. As soon as it returns to 8-15% returns as it has historically the better it will be for all of us. Part of this process is stock revaluation and its only just began. Not all the news is bad indeed, but it still is mostly bad.
In the early nineties a buddy of mine was asked what tech companies he thought were good by some neighbor friends who had some money from their catering business to invest. He basically said, "I don't know, maybe Dell?" Unfortunately he didn't follow his own advice -- the neighbors are now millionaires (or at last I heard).
I wouldn't mind a billion+ profit this year....
Jack lives over there ->
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