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08-14-2018, 07:18 PM | #2236 | |
Seize life. Be an ermine.
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Quote:
If it makes you feel better, I've lost 90+ percent on a stock before. JDSU haunts me. I think I first bought it around 120 and sold it at around 3 or some such thing. And it was not a small holding, either, because I kept buying as it went down. https://en.wikipedia.org/wiki/JDSU#Stock During the 1990s, JDS Uniphase stock was a high-flyer tech stock investor favorite. Its stock price doubled three times and three stock splits of 2:1 occurred roughly every 90 days during the last half of 1999 through early 2000, making millionaires of many employees who were stock option holders, and further enabling JDS Uniphase to go on an acquisition and merger binge. After the telecom downturn, JDS Uniphase announced in late July 2001 the largest (up to then) write-down of goodwill. Employment soon dropped as part of the Global Realignment Program from nearly 29,000 to approximately 5,300, many of its factories and facilities were closed around the world, and the stock price dropped from $153 per share to less than $2 per share.
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08-14-2018, 07:19 PM | #2237 |
I'll be back.
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How did you research stocks in the 90s? Magazines?
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08-14-2018, 07:27 PM | #2238 |
Seize life. Be an ermine.
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The funny thing is that I don't remember. I was investing in individual stocks as early as 1991, but I don't remember how I researched them. And I was very active and technical in researching them at that point.
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08-14-2018, 07:48 PM | #2239 | |
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Quote:
BossChief from the Bitcoin thread says hello.
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08-14-2018, 08:49 PM | #2240 |
Consuming CP souls
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to the....moon!
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08-14-2018, 09:13 PM | #2241 |
I'll be back.
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He's right though.
If you look at the subscriber base IQ has and the other companies they are absorbing, there is simply too much positive momentum there for this to last long. As soon as the chinese market turns and their positive momentum keeps trending, there will be another spike. And that's when I'm going to sell it as fast as possible. |
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08-15-2018, 05:40 AM | #2242 | |
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Quote:
However, SEC filings were largely the same then. You just had to get them. |
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08-15-2018, 06:39 AM | #2243 | |
TACO SALAD
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rut roh, tencent missed the top and bottom
Quote:
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08-15-2018, 07:22 AM | #2244 |
Fish are scared of me
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08-15-2018, 08:46 AM | #2245 |
Supporter
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Investing is like being jumped into a gang.
I'm taking a beating on everything(individual stocks) I'm in right now except for TEVA. The boots keep coming today. |
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08-15-2018, 09:02 AM | #2246 |
Mod Team
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Outside of a few, I’m taking some lumps too this week.
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08-15-2018, 09:13 AM | #2247 |
Seize life. Be an ermine.
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Yeah, this is a rough day. I'm taking solace in the fact that I'm down less than the S&P. Relatively speaking, I guess that's a win.
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08-15-2018, 10:31 AM | #2248 |
Fish are scared of me
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Don't worry guys it always comes back.
Except for the times when it doesn't. |
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08-15-2018, 02:43 PM | #2249 |
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I think a good rule of thumb for when the hype cycle has peaked on a newish company is when word makes it's way down and it gets posted about on a random football team message board.
You could probably form a good strategy based on shorting any individual stock that gets posted about in this thread. |
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08-15-2018, 02:46 PM | #2250 |
THE RED MENACE
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