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Strategies & Market Trends : Gorilla and King Portfolio Candidates
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To: areokat who wrote (39220)2/15/2001 12:52:40 AM
From: kumar  Read Replies (1) of 54805
 
How many people do you know that can say they've even held half of their stocks 5 years?,for 10 years??
... it is a rare bird

I met an elderly gentleman at my local pub today, and we talked a bit about stocks. turns out, he'd bought some stock in a local bank back in 1960, subscribed to their DRIP plan. over the years, the local bank got taken over by a bigger local bank, which then got taken over by a regional bank. The guy is sitting on stock thats "currently" worth $75/sh, and his cost basis is around $3-5/sh. (he only knew the cost/current price, coz his accountant told him in Jan).

Oh, and he "faintly remembers buying some other big name stock around 1980, but cant place its name or its current price" :-)

cheers, kumar
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