Investing 102

[Tinker]

Originally Posted by GregWeld

The market goes up and down and sideways......And remember - the day after you sell - it will go up and the day after you buy it will go down.

Not always Gregg. A few years ago I had dumped a certain stock that varied from $60-80 a share at $105. The next day it went down and I was the smartest man around. Lol Well...3 years later it hovers around 300 a share, and I dumped six figures worth.

[GregWeld]

Originally Posted by Tinker

Not always Gregg. A few years ago I had dumped a certain stock that varied from $60-80 a share at $105. The next day it went down and I was the smartest man around. Lol Well...3 years later it hovers around 300 a share, and I dumped six figures worth.

I have a long list of those....... Chipotle - Amazon - Microsoft - McDonalds.....

I was able - thru a friend - to get STARBUCKS at the IPO price.... bought 1000 shares — flipped it out a couple days later because it was up 50 cents - thought I’d skinned a fat cat making $500 in a couple days.....

Yeah - I was brilliant wasn’t I??

[GregWeld]

I had to go do some research on Starbucks (SBUX) to see what it’s long term price had done since I had my big flip and gain of $500’


If you account for splits - the 1992 price per share would be .45 (forty five cents) per share —- it’s current price is almost 16,000 % gain since inception (IPO)


So - I had 1000 shares at @ total cost of $14,000 (IIRC) —- X’s 16,000%

Just quickly — I think that would be worth about 2.2 MILLION today

[Tinker]

[QUOTE=GregWeld
Just quickly — I think that would be worth about 2.2 MILLION today[/QUOTE]

Just think, you could have bought ten more piles of crap! Lol
(Too soon yet?)

[GregWeld]

Originally Posted by Tinker

Just think, you could have bought ten more piles of crap! Lol
(Too soon yet?)

I still can.......


Never too soon! I make more fun of the POS (Pile of Sauce) than anyone.

[Vegas69]

No regrets fellas... It's really easy to make decisions looking backwards.

[Tinker]

Originally Posted by Vegas69

No regrets fellas... It's really easy to make decisions looking backwards.

None here Todd, and yes a crystal ball would be handy.