Jay, it's 12.30 am [edit, 12.50am] and zizzo time. But let's see. March 2002 Lexus was NZ$90,000. Currently NZ$80,000 for the same gadget.
But NZ$ has gone from about US44c to US55c so in US$, that Lexus is now no cheaper and in fact more expensive [excluding depreciation. but fun isn't always free].
Checking the other monetary standard, gold. I inspected metal bars at US$323 when NZ$ was about US45c. So, in NZ$, an ounce would now be losing ground faster than the Lexus.
However, the Q has not done better than either the Lexus or Gold standards. The winning bet was my "I think I'd better secure a stash over here" move of mid Y2K to NZ housing and money. Which rewards yet again my cowardly streak. Running and hiding before anyone spotted me was a good move.
It was then safe enough to jump bare-chested onto the battlefield, wielding my phragmented photon light cdma2000 sabre, threatening the Aztec barbarian hordes.
However, the hordes didn't instantly fall to the magic so there has indeed been a fragmentation of QUALCOMM's share price since mid Y2K. The turbo gravitational groundward thrust of Globalstar as the photovoltaic wing lift was lost was also nothing short of financially disastrous. So from peak to now, NAV is a sad fraction of the days of glory.
The good news is that having panicked early and made some serious adjustments, I'm now sitting perkily surveying the scene, locked and loaded as you might say, rather than having been obliterated.
Note that I have NOT bought a Lexus - that's just trash talk while I keep my back to the wall... Judge me by what I do, not what I say. Talk is just ideas, fun and request for other ideas.
I never did take up your excellent suggestion of getting a big mortgage [or any mortgage] on the house to buy up QCOM and the Dow to ride it to 16,000 by Feb 2002. It was just possible that my theory might not work out, in which case it seemed a good idea to not be totally dependent on the idea.
Cowardly, but alive and kicking,
Mqurice
PS Sums probably wrong due to tired ... |
