OT
Dear Cirrus: Ha ha ha! I had to ask the same question myself a few years ago.
> is a stock a ten bagger if you, for example, bought it at $1 and it is now $10, or is it a ten bagger if it is at $11?
$11. Each, "Bag," is equal to your initial investment. $11. takes your cost basis into account whereas $10. would not [unless you really have a 9 bagger].
Regards,
Lynn
P.S. I myself never talk about gains in terms of, "Baggers." I stick to percents. Whether right or wrong, I just associate talking about "baggers" with highly speculative, often penny, pink sheet stocks. This is what most people were talking about when they used the term, "Bagger," over at misc.invest.stocks in the early 90s, where I first heard the term [pre-SI era]. Besides having zero interest in this kind of stock, I also associate, "Bagger," with traders--make the hit, then move on. This is not my style. |
