Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who started this subject	10/11/2002 12:46:17 AM
From: SliderOnTheBlack	Read Replies (2) of 36161

o/t re: tech stock valuations... I was just browsing thru some old tech stock - watchlist portfolio's... and just thought about how some of these employee's that had all their eggs in the company stock basket must feel. Former high-flyer fav's like VTSS & TXCC... TXCC was like $100 per share in the spring of 2000... 2 years later under a dollar !?!?!? If an employee just had say 10,000 shares back in 2000 - he was a damn millionaire... today he has $10,000. If you could have cashed out back then - along with some 7% CD's/Longterm Bonds... you could be drawing $70,000 a year without touching the principle and retired... today; you can't buy a 5 year old full size used pick up truck ... They have to be selling prozac & lithium by the boatload to those techies in Silicon valley... I wish I had made some videotapes of the CNBC shows during the height of the bubble... someone ought to look into getting the syndication rights to re-running some of those shows on the comedy channel. Simply amazing.

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