None of them have ever pulled out and made a recovery.
Completely false KIS. I hear this often though, but mostly from people who either only started investing post-1996 (lots of people), or people who now work in the industry that came from India or other nations - these folks also came post-1996.
There are TONS of "new paradigm" companies that recovered from an initial "hype related" pop. I don't really think GOOGs stock price at 470 was totally hype but lets just call it that for arguments sake.
Apple- peak in 83, crash in 85, recover in 87 way beyond prior peak
Oracle - peak in 89 - crash in 90, recover 93 way beyond prior peak
Siebel - peak in 97 - crash in 98 - recover 99 way beyond prior peak
Cisco peak in 93 - crash in 94 - recover starting 95
Even the nets, amzn,yhoo,ebay crashed in 02 - only ebay has recovered to prior peak due to the bubble valuations in 99, but the pattern is still the same, peak, crash, recover.
The point is, practically every "new paradigm leader" peaks crashes and re-peaks. It really just comes down to the fact that stocks don't go straight up. |
