This was not published anywhere, but the guy from Credit-Suisse, who was underwriting the IPO for the tech company I was working for in 2000, warned us not to make the same mistake as some Cisco employees. They sold early and only made a few millions, where they could have held out for tens or even hundreds of millions. After splits the original shares were worth thousands of dollars per share. Our stock peaked at about $200 and was finally closed out at $1.19 IIRC.
Recent one, one of my favorites!!-- "There is no and never was" 10-22-07 11:37 AM a liquidty or credit crunch. It is just a bunch of nonsense. M&A deals are stronger than ever. People spending, consumer spending, companies spending. Nothing has changed between now and last year. Nothing is different. All of this crunch and crisis is speculation without any concrete evidence of any actual serious problems. Anyone that says there is a crunch or a crisis is trying to scare you into selling or going short. If you do fall for their fear tactics you will leave alot of money on the table and be a loser -stock trad3r a.k.a. day7793
ah yeah - them was the days SUN at 60 Cisco at 80 EMC at 70 any my personal favorite - RMBS at 90! lol
and of course --- for the folks who were not around in 2000 google, apple and Research in Motion - not to mention Garmin - look like sure things -- good idea to load up during the current dip heheheh
RMBS was my first short. I shorted it around 70 I think. It immediately started to run up so I bailed. It wasn't long before it was in the teens.
my favorite quote from thestreet interview, where is this guy now? I bet he's still making millions losing other people's money.
Any Canadians reading this thread also trade in 1999-2000? then you should remember Garth Turner. He was a huge bull back in 1999-2000 and called anyone who didn't invest in the market (the Nasdaq 5000 days) "chicken littles". He also wrote a few bullish investment books back then. His site at http://www.garth.ca/ was an investment site back then, now he is into Canadian politics. From investment "guru" to politician.