May be off-topic, but I got in on that bubble, just before it popped. I noticed that every time there was an IPO, it seemed like the next day the price had gone up significantly.
I was homeless and working at a convenience store in Denton, but I saved up $700 and bought 100 shares of Books-A-Million stock (BAMM) from the Dow Jones guy across the street when they announced the BAMM website IPO.
The next day it was $22 a share and I sold the stock and got drunk for a month.
I didn't mess with it much after that, except a few stem cell stocks, but now it seems like any idiot with a PC can start an account and trade their own stocks.
Same here. I started investing in 98. Made boat loads of money right out of high school. New car, parties, general stupid shit..I drank more under 21 than I have since. I saw the bubble coming and bailed a few days after. I'm pretty good at predicting stocks and markets. You're right, when some random .com would IPO, it would skyrocket the next day. News would break on a company- soandso.com might be turn a profit in 10 years, then it would go up 300%. I knew that couldn't last. This downturn we're looking at 2000 stocks, 2008 housing, and 70's/80's inflation all in one. It's not going to be good.
Now that I know about options, I've shorted the shit out of this market and it's paying off nicely. All I own are commodities futures, puts in some tech stocks, S&P, and ahem...a couple pharmaceuticals if you know what I'm sayin.
May be off-topic, but I got in on that bubble, just before it popped. I noticed that every time there was an IPO, it seemed like the next day the price had gone up significantly.
I was homeless and working at a convenience store in Denton, but I saved up $700 and bought 100 shares of Books-A-Million stock (BAMM) from the Dow Jones guy across the street when they announced the BAMM website IPO.
The next day it was $22 a share and I sold the stock and got drunk for a month.
I didn't mess with it much after that, except a few stem cell stocks, but now it seems like any idiot with a PC can start an account and trade their own stocks.
Same here. I started investing in 98. Made boat loads of money right out of high school. New car, parties, general stupid shit..I drank more under 21 than I have since. I saw the bubble coming and bailed a few days after. I'm pretty good at predicting stocks and markets. You're right, when some random .com would IPO, it would skyrocket the next day. News would break on a company- soandso.com might be turn a profit in 10 years, then it would go up 300%. I knew that couldn't last. This downturn we're looking at 2000 stocks, 2008 housing, and 70's/80's inflation all in one. It's not going to be good.
Now that I know about options, I've shorted the shit out of this market and it's paying off nicely. All I own are commodities futures, puts in some tech stocks, S&P, and ahem...a couple pharmaceuticals if you know what I'm sayin.