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08-14-2018, 07:18 PM | #2236 | |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
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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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Posts: 142,964
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08-14-2018, 07:19 PM | #2237 |
I'll be back.
Join Date: Nov 2002
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How did you research stocks in the 90s? Magazines?
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Posts: 287,314
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08-14-2018, 07:27 PM | #2238 |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
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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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Posts: 142,964
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08-14-2018, 07:48 PM | #2239 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Posts: 46,112
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08-14-2018, 08:49 PM | #2240 |
Consuming CP souls
Join Date: Oct 2005
Location: U.S.A.
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Posts: 71,273
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08-14-2018, 09:13 PM | #2241 |
I'll be back.
Join Date: Nov 2002
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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. |
Posts: 287,314
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08-15-2018, 05:40 AM | #2242 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Quote:
However, SEC filings were largely the same then. You just had to get them. |
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Posts: 57,834
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08-15-2018, 06:39 AM | #2243 | |
TACO SALAD
Join Date: Apr 2008
Location: yes
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rut roh, tencent missed the top and bottom
Quote:
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Posts: 6,376
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08-15-2018, 07:22 AM | #2244 |
Fish are scared of me
Join Date: Nov 2001
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Posts: 40,635
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08-15-2018, 08:46 AM | #2245 |
Supporter
Join Date: Aug 2000
Location: Utopia
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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. |
Posts: 62,105
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08-15-2018, 09:02 AM | #2246 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Posts: 46,112
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08-15-2018, 09:13 AM | #2247 |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
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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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Posts: 142,964
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08-15-2018, 10:31 AM | #2248 |
Fish are scared of me
Join Date: Nov 2001
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Don't worry guys it always comes back.
Except for the times when it doesn't. |
Posts: 40,635
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08-15-2018, 02:43 PM | #2249 |
Veteran
Join Date: Dec 2006
Location: Indiana
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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. |
Posts: 4,579
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08-15-2018, 02:46 PM | #2250 |
THE RED MENACE
Join Date: Aug 2000
Location: Texas
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Posts: 32,449
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