i'm glad i didn't buy any company stock

[whitak24]

so, our company went public last summer.

we all got restricted share units as part of the IPO. i got 86 shares (i can't sell them until next year and the following year).

anyway, the stock started at $11 and change, and went up to $30 by march. i checked the price today and it's down to $16.

which sucks, because it means i lost nearly $1500 in value on my RSUs since it's peak, but the good part is that i didn't actually sink any of my money into the stock :D

otherwise, i'd be :bawl:-ing

[jase71]

You know, with some offshore ventures, you could unload some
of that company debt... then by setting up some sales contracts with those ventures, you could boost the company's apparent revenues...

Why, within a year or so, you could increase those stock prices dramatically!

Make yourself a pile of money... let Arthur Andersen take the heat for the failed audits... and sell, sell, sell before word leaks out and stock prices drop.

You'll walk off scot-free to early retirement! It can work, I tell ya! :P

[Jihforce]

I've got like 5000 shares of stock options reserved for me.
The stupid part is that we haven't gone public yet so its worthless.:thumbdown

[Jeffbx]

Originally posted by whitak24
anyway, the stock started at $11 and change, and went up to $30 by march. i checked the price today and it's down to $16.

which sucks, because it means i lost nearly $1500 in value on my RSUs since it's peak

Dude, you're sittin' pretty. I lost six figures of value in my last company's options, then lost them all when the company filed chapter 7. At least your stock is still higher than the issue price of the options!

But it's money I never had, so no biggie. Although I would really like to be driving that Audi TT I had my eye on...

[whitak24]

Originally posted by Jeffbx
I lost six figures of value in my last company's options, then lost them all when the company filed chapter 7.
holy $#!t!! :eek:

6 figures?? wow.

ok, so i don't feel so bad. but TTs sure are nice :drool:

[Merlin]

Originally posted by whitak24
so, our company went public last summer.

we all got restricted share units as part of the IPO. i got 86 shares (i can't sell them until next year and the following year).

anyway, the stock started at $11 and change, and went up to $30 by march. i checked the price today and it's down to $16.

which sucks, because it means i lost nearly $1500 in value on my RSUs since it's peak, but the good part is that i didn't actually sink any of my money into the stock :D

otherwise, i'd be :bawl:-ing

Check and see if there are LEAPS (long term equity particiaptions = basically long term options) traded on your comapny stock. If so, you can use these to lock in your current gains. Hedging gains can be a good thing.