Mitch, do not feel bad about the IDID imbroglio. I almost fell into the hype myself, but through a fluke I am glad I did not get in.
From a more cosmic perspective IDID probably served a purpose, although from a mundane level, IDID was a painful lesson for a lot of SI threaders.
One of the lessons that stood out for me was that if you get in at the start of a BB stock, the potential for earnings are much greater than most other types of investment -- if you find the right company and have the perseverance and patience.
Here is an ATCO scenario:
ATCO was trading at $2 per share over a month ago. If you had accumulated 10,000 shares ($20,000 + commission) through, let us say, your 401(k) account, your initial investment would now be worth (@6.9375 a share) $69,375. And if ATCO reaches "$20 a share" your initial investment of $20,000 would be worth $200,000.
That same $20,000 would buy you 2,857 shares today.
If ATCO reaches "$20 a share" and you decide to sell your 2,857 shares, your initial investment of $20,000 would be worth $57,140. A gain of 185% compared to a possible gain of 900% if the previous scenario above was true.
A forewarning though, in a situation like IDID, some investors got burnt. For the IDID wirehangers, the day may come when their investment will come to fruition. When? No one knows.
Regards,
SunAge |
