Stocks that you should be glad you didn't buy

[GameDude]

We all know about the trials of Enron and Worldcom. Here are some other stocks that are still around and were hot a few years ago, but as of late, lost most of their luster.

Avanex Corporation:

If you would've put $1,000 in it in March of 2000, you're current amount would be about $8.30. 99.2% loss.

A $1,000 in CMGI would have you back at $8.70

$1,000 in Internet Capital Group, ICGE would bring up down to about $2.

Of course, if you would've put $1,000 in Taser TASR, you'd have over $23,000. Not bad. Not bad at all.

[epobirs]

If you were buying dot.bomb stocks in March of 2000 you should have all of your financial affairs removed from your control. The time to sell on most of the big names was in 1999.

[GameDude]

I'm actually thinking about picking up some shares in AVNX, not a ton of money, just a bit of play money.

[Cornfedwb]

Of course if you bought into Redhat at its IPO at $8/share.. your $1,000 investment would have been worth $45,000 after 5 months.

[GameDude]

Of course if you bought into Redhat at its IPO at $8/share.. your $1,000 investment would have been worth $45,000 after 5 months.

Haha. But unless you're super rich, work for the company or super lucky, it was next to impossible to get in on a Pre-IPO!


I remember when Netscape went public. That was crazy. I have nearly 10 years of investing experience...and no job. :(

Oh yeah, I do have a part-time job. Forgot about that one.

My savings are getting kinda low so I'm looking for one now.

[Ericnmel99]

The comany i work for Comforce (CFS)'s stock was .30 cents when i came to the company. It hit a peak of about $4. If i would of invested money when i came, i would of had some nice change in my pocket.

Edit... I misread the title of this thread. As far as stocks i shouldnt of bought....well that would be everyone i currently have.

[Javery]

If you were buying dot.bomb stocks in March of 2000 you should have all of your financial affairs removed from your control. The time to sell on most of the big names was in 1999.

It's easy to say that now looking back but at the time everyone thought it was only going to get better...

[epobirs]

If you were buying dot.bomb stocks in March of 2000 you should have all of your financial affairs removed from your control. The time to sell on most of the big names was in 1999.

It's easy to say that now looking back but at the time everyone thought it was only going to get better...

Not me. I told anyone who would listen that a major disaster was forming once reality set in and certain bills came due at highly valued companies with little or no actual income. People told me I was just being negative and didn't understand the new economy. I told them the rules hadn't changed and there was no new economy.

I was proven right. None of this comes as a surpise to anyone who'd read a book published over a century and a half ago.
http://www.amazon.com/exec/obidos/tg/detail/-/051788433X/qid=1092432062/sr=1-1/ref=sr_1_1/102-2235047-5981747?v=glance&s=books

If I'd had the capital to invest in the 90's I would have shorted a bunch of stuff before its peak and been set for life.

[levi333]

Ouch, no wonder people kill themselves daily.

[GameDude]

If you were buying dot.bomb stocks in March of 2000 you should have all of your financial affairs removed from your control. The time to sell on most of the big names was in 1999.

It's easy to say that now looking back but at the time everyone thought it was only going to get better...

Not me. I told anyone who would listen that a major disaster was forming once reality set in and certain bills came due at highly valued companies with little or no actual income. People told me I was just being negative and didn't understand the new economy. I told them the rules hadn't changed and there was no new economy.

I was proven right. None of this comes as a surpise to anyone who'd read a book published over a century and a half ago.
http://www.amazon.com/exec/obidos/tg/detail/-/051788433X/qid=1092432062/sr=1-1/ref=sr_1_1/102-2235047-5981747?v=glance&s=books

If I'd had the capital to invest in the 90's I would have shorted a bunch of stuff before its peak and been set for life.

I tried to get my parents to short stocks a few years ago, but they wouldn't. :(

[almostrice]

Look up HPLA

It should now be HPLA.PK for pink sheets. I worked for this company until 2002. CEO did some fake sales using advance money for his shares from a brokerage.

The stock was selling between $14 and $18 before the scandal. After, stocks traded as low as 5c.

Hmm $1000 @$18 investment would be worth $2.70 @ $0.05
I'm glad I did not buy any shares to hold.

[slidecage]

put 3,000 into mvee at 3 cents when up to 12 cents could of sold it and maded 12,000 but i held


Today it sits at .0001 thats right you can buy million shares for a penny lol

[fireball343]

back when i played the stock market game(a game for kids in school) where it was run by some company and it was just like trading stocks.

i managed to buy sharper image at an okay price and it shot up.

at the time J.C. penny was down. about 10 cents. i was going to buy, because they company was just having a down and i figured it would spike. at the time i was ranked 6th in the country out of at least 1000

the teahcer wouldn't let me and said to buy some crap stock. i was pissed, the stock went down along with another one sharper image and brinker where okay. damn teacher lost me 300+ places in the last few weeks of it. and i lost by 7 places to some other jerk who had no clue what he was doing and was just buying crap to piss people off.

[eldad9]

If you'd invested $1000 in the SCO group ( http://www.groklaw.net/ ) a year ago, you'd have $200 now, and $0 in 1-2 years since they'll tank the day they lose their court cases.