how much did u make/lose?

attgig · 12-02-2003, 07:25 PM

during the whole tech boom?

me.....I was a poor college student and made nuttin

I had a roomate that was going crazy for one summer.

started at 1500 went up to 6, went down to 300, went up to 4500, went down to 250. and was out.

how much did u get to at the peak? (% wise if you're uncomfortable with $ amt) and how bad were u down?

ray · 12-02-2003, 10:03 PM

I lost about 50% on an $800 investment. I still hold that investment, so I'm hoping it does rebound eventually.

On 2 other investments I doubled my money and got out.

All of the others remained at a break-even point and are now outperforming the S&P 500

I made all of these purchases around 2000 which I thought was the end of the dot-bomb. Unfortunately I was wrong on a few of them and had to sit on the investments longer than I hoped.

Jeffbx · 12-03-2003, 07:27 AM

I was up about $60-75k in my employee purchase plan at the peak, and lost it all (about $10k out of my pocket) during the crash. I dumped all of my stock that I paid $25/share for $0.09/share right before they went bankrupt.

The worst part about it was that most people knew it was coming, but by a strange "coincidence", the day after they made the last employee stock purchase (at $25/share), the on-line system wasn't available to employees, so no one could dump their stock. By the time it came back on line the next day, the price had falled to $4/share. A lot of people (including myself) held on in the hopes that it would recover, but it never did. The most common thing you heard around the office were the optimists saying, "At least it can't fall any lower!"

Believe me - stock prices can ALWAYS fall lower!

topane · 12-03-2003, 07:56 AM

I ended up close to $1500 ahead after starting an ETrade account with $1000. It might have been more, too, but I kept a few stocks too long. I sold most of my stocks right around the start of the downslide.

attgig · 12-03-2003, 12:44 PM

Quote:

Originally posted by Jeffbx
The worst part about it was that most people knew it was coming, but by a strange "coincidence", the day after they made the last employee stock purchase (at $25/share), the on-line system wasn't available to employees, so no one could dump their stock. By the time it came back on line the next day, the price had falled to $4/share.

so did you work for enron?

too bad they declared bankrupcy or else you might've been able to file a lawsuit against them.

cheapie · 12-04-2003, 06:35 PM

i've actually done better since the boom. my company stock (etn) has almost doubled in the last 18 months or so. thankfully i sold it in the mid 80's before it went up to 106 where it is today.

johnnymk · 12-04-2003, 10:46 PM

Zero..Zip..Nada

The only thing I had was a $1200 annuity that went to $1800 which I cashed in during November 1999.

I kept telling people that the market was built on air and that it was going to collapse. I wasn't about to play a crap game with my money.

cheapchinese · 12-05-2003, 04:13 AM

i only started this year..
bought 2 stocks
1 - siri --bought at 60 cent
2 - xmsr - bought at 4 bucks

me like me choice ^^
i bought these 2 stock after reading an article saying that the newer model cars are going to add the satilite radios as an option from now on.. and did a careful research... said that xmsr.. should be priced around 25.. to me at that time.. i just thought it was impossible.. but for long term.. these 2 seems like good stocks to buy....so... me happy

Jeffbx · 12-05-2003, 07:05 AM

Quote:

Originally posted by attgig

so did you work for enron?

too bad they declared bankrupcy or else you might've been able to file a lawsuit against them.

Ha ha, no thank goodness it wasn't that bad... just a failing dot bomb. However, I know of at least one guy in the office who was out over 100k of his own personal money, and lost options that at one time were in the 7 figures.

Brings me back to the good 'ol days of the money flowing like water... I was interviewing for a job with Microsoft back in '98 or '99, and part of the interview was giving a presentation in front of about 20 MS employees. While I was waiting to begin, one of the MS guys was talking to the recuiter about how his wife was bugging him to sell his Indy race car. She had told him that if he sold it, he can buy whatever he wanted as long as it was street legal, so he was looking at the Lamborghini Diablo.

I'm glad I didn't take the job (way too much travel), but I always wonder how much I would have been ahead if I had.

faither · 12-07-2003, 08:50 PM

Lost about $50k in a 401k going back to 2000. As of October 2003, I've recovered all my losses and am + a couple of bucks.

Merlin · 12-08-2003, 06:14 AM

"I made enough money to buy Maami but I pissed it away so fast"

12-02-2003, 07:25 PM	#1
attgig Chief of Naval Operations Join Date: Jun 2000 Location: the ghetto's of bawlmo' Posts: 10,964	how much did u make/lose? during the whole tech boom? me.....I was a poor college student and made nuttin I had a roomate that was going crazy for one summer. started at 1500 went up to 6, went down to 300, went up to 4500, went down to 250. and was out. how much did u get to at the peak? (% wise if you're uncomfortable with $ amt) and how bad were u down? __________________

12-02-2003, 10:03 PM	#2
ray lilbigblue Join Date: Jan 2003 Posts: 6,613	I lost about 50% on an $800 investment. I still hold that investment, so I'm hoping it does rebound eventually. On 2 other investments I doubled my money and got out. All of the others remained at a break-even point and are now outperforming the S&P 500 I made all of these purchases around 2000 which I thought was the end of the dot-bomb. Unfortunately I was wrong on a few of them and had to sit on the investments longer than I hoped. __________________ new uploader My World

12-03-2003, 07:56 AM	#4
topane turducken all the time Join Date: Dec 2000 Location: Between the wheels Posts: 5,055	I ended up close to $1500 ahead after starting an ETrade account with $1000. It might have been more, too, but I kept a few stocks too long. I sold most of my stocks right around the start of the downslide. __________________ Shall we buy a new guitar? Shall we drive a more powerful car?

12-04-2003, 06:35 PM	#6
cheapie Chief of Naval Operations Join Date: Aug 2002 Location: raising my pimp hand strong Posts: 12,360	i've actually done better since the boom. my company stock (etn) has almost doubled in the last 18 months or so. thankfully i sold it in the mid 80's before it went up to 106 where it is today. __________________ 70% of the world is covered by water. The rest is covered by Bob Sanders

12-04-2003, 10:46 PM	#7
johnnymk Chief of Naval Operations Join Date: May 2000 Location: LEVITTOWN< PA> USA Posts: 12,600	Zero..Zip..Nada The only thing I had was a $1200 annuity that went to $1800 which I cashed in during November 1999. I kept telling people that the market was built on air and that it was going to collapse. I wasn't about to play a crap game with my money. __________________ Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it. - Ronald Reagan (1986)

12-03-2003, 07:27 AM	#3
Jeffbx Fleet Admiral Join Date: Mar 2000 Location: Michigan Posts: 8,542	I was up about $60-75k in my employee purchase plan at the peak, and lost it all (about $10k out of my pocket) during the crash. I dumped all of my stock that I paid $25/share for $0.09/share right before they went bankrupt. The worst part about it was that most people knew it was coming, but by a strange "coincidence", the day after they made the last employee stock purchase (at $25/share), the on-line system wasn't available to employees, so no one could dump their stock. By the time it came back on line the next day, the price had falled to $4/share. A lot of people (including myself) held on in the hopes that it would recover, but it never did. The most common thing you heard around the office were the optimists saying, "At least it can't fall any lower!" Believe me - stock prices can ALWAYS fall lower!

12-05-2003, 04:13 AM	#8
cheapchinese I love free! Join Date: Apr 2003 Location: LA, California Posts: 2,976	i only started this year.. bought 2 stocks 1 - siri --bought at 60 cent 2 - xmsr - bought at 4 bucks me like me choice ^^ i bought these 2 stock after reading an article saying that the newer model cars are going to add the satilite radios as an option from now on.. and did a careful research... said that xmsr.. should be priced around 25.. to me at that time.. i just thought it was impossible.. but for long term.. these 2 seems like good stocks to buy....so... me happy

12-07-2003, 08:50 PM	#10
faither Rear Admiral Upper Half Join Date: Nov 2000 Location: Obama Nation Posts: 3,171	Lost about $50k in a 401k going back to 2000. As of October 2003, I've recovered all my losses and am + a couple of bucks. __________________

12-08-2003, 06:14 AM	#11
Merlin Admiral Join Date: Dec 2001 Location: Square On My Arse Posts: 7,410	"I made enough money to buy Maami but I pissed it away so fast" __________________

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