SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Charles Schwab (SCH) -- A tech-stock profile?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Skeeter Bug who wrote (718)6/15/1999 4:22:00 PM
From: Tommaso  Read Replies (1) of 1390
 
Skeets, the remarkable thing is that anyone who was holding Schwab a year ago is still sitting on about 400% gains. I would be the first to agree that I am extremely envious of anyone in that position, because it is a very rare opportunity to lock in a once-in-a-lifetime windfall by selling and putting the money in the bank.

Even more remarkable, however, is the capacity for persons who have seen a stock at much higher values to go on holding it in hopes that it will return to those even more unrealistic values.

I fought this battle with my parents in 1969 or so. They had 25% of their entire net work tied up in Polaroid at about $145 a share. They refused to sell. When I finally persuaded them to get out, it had sunk to about 90, but thank God they did, because it subsequently went as low as about 17.

In retrospect, it was obvious that Polaroid never could have been worth $145, even though it had a monopoly on the instant-picture market. At that time there was speculation of world-wide boom in their business that justified a very high multiple.

Schwab doesn't even have a monopoly, and it appears that their business has enjoyed a sudden burst of activity that is now subsiding.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News