This was in my newspaper today. VA Linux 1999 first day profit: 698% stock performance since: -99% Globe.com 1998 606% -100% Foundry networks 1999 525% -34% Webmethods 2000 508% -74% Freemarkets 1999 483% -81% Now I understand a bit more why everyone was so into the stockmarket and trading back then. Imagine owning a stock going up 500% in one day.
http://latimesblogs.latimes.com/tec...of-trading-isnt-close-to-dotcom-era-ipos.html http://latimesblogs.latimes.com/mon...ock-tech-dot-com-biggest-first-day-gains.html Firm......................Date..............First-day gain VA Linux................12/08/99........698% Exodus Commun....03/18/98........637% Theglobe.com........11/12/98........606% Foundry Networks....09/27/99....525% webMethods...........02/10/00......508% MarketWatch.com...01/14/99.....505% FreeMarkets...........12/09/99......483% Cobalt Networks.....11/04/99......482% Akamai Tech...........10/28/99......458% CacheFlow..............11/18/99........427%
1) They're all "dot bombs". :eek: 2) That type of market may never happen again during your lifetime. 3) Smaller investors would not be able to participate in those IPO's in today's environment.