No. A tenbagger is still 10 times your cost, IMO.
Just as the confusion is expressed here, PL also uses it loosely. When you play baseball you can bring a base, and you can take it home. When you have a onebagger, you take your money home. A onebagger is no gain, not a 100% gain.
For instance, on page 22 describing The Limited, Peter Lynch wrote, "... from less than 50 cents a share (adjusted for splits) in December, 1979, to $9 in 1983 - already a twentybagger to there - and even if he'd bought it at the $9 price (and suffered through one drop back to $5), he'd have made more than five times his money as the stock soared to $52 7/8. That's over a 100-bagger from the beginning ..." [italics added]
Since Peter Lynch is the one who popularized the term "-bagger" as in tenbagger, multibagger, twentybagger and 100-baggger, if he can call a rise from $9 to $52 7/8 making more than five times his money (or perhaps 7/16 to $9 a twentybagger), I think the colloquial understanding applies. A tenbagger is a stock that rises 900%.
And, who cares? The top gains here will still be the top gains, and Thursday's tenbagger may be only six- or seven- now. |
