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To: Theoria
I made a few absolute killings on OTC stocks. When money was 15% in the early 80's, there were some really good ones on their way up. I bought a production company out of Canada for sixty six cents. I spent my entire 20 years old life's savings on it with a sell order at $4.00.

I had bought what would become Nickelodeon. It also had a show called "Nurse" which went into syndication about six months after I bought the stock. If I had held it, my $2800 would have been well over $100,000 in four years. We needed the money for other things as I had just gotten married.

Savin Corporation murdered me. So did Surebeam.

20 posted on 12/15/2014 7:36:08 PM PST by blackdog (There is no such thing as healing, only a balance between destructive and constructive forces.)
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To: blackdog

When Google went IPO in 2004 I was insane enough to buy 1000 shares at $100. I put up $50k which was everything I had and the other 50 on margin and I got too scared and sold at something like $104. Next thing I know the thing is hitting $200 which got me sick, I quit stocks entirely, then one day I see it’s $600 then $700 then $800 then hit $1000. I was on a train a few months ago talking to a guy who worked in finance and told him what I did, and you know what he says to me? “Why do you sell? EVERYBODY knew it was going that high!”


30 posted on 12/15/2014 7:45:21 PM PST by GrandJediMasterYoda (Obama: 7 acts of blatant treason and counting.)
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To: blackdog

Boots and Coots Wild Well Control :-) 4 bagged my whole self directed IRA with it. Went back in afterwards with part of that and held 50K shares through the 4-1 reverse split for a subsequent cash and stock buyout by Halliburton.


38 posted on 12/15/2014 7:56:57 PM PST by Axenolith (Government blows, and that which governs least, blows least...)
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