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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 378.38+2.7%Nov 10 4:00 PM EST

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To: TobagoJack who wrote (8323)8/15/2006 9:03:49 AM
From: Wyätt Gwyön  Read Replies (2) of 217661
 

I noticed that you posted on the Softbank thread


i only posted there twice--once in 2001, and then 5 1/2 yrs later (to Maurice). i had just been trolling through some of the old bubble haunts to bring back memories of the past mania. the Softbank thread was a great example of that. in my post to Mq, i wrote:

"going thru this thread from the beginning is like traipsing thru the Internet graveyard...through the Land of Dreams Dash'd...
waking bleary-eyed to another early shift at the Home Despot."
Message 22509232

many of the active posters on that thread now have dormant SI accts, indicating that they may not be very actively involved in investing these days. so it goes...


Softbank...had an outsized position


yeah, most of those who had something to protect when the bubble cr*shed previously got their bankroll in the tech bubble. i made mine in QBOMB in 1999, and i remember Maurice saying (iirc) that he put his entire life savings into QCOM at the VC stage. if that was the case then he is probably in great shape, even though QBOMB the stock is now but a pale shadow of its former bubble self, down nearly 2/3's from Jan 3, 2000 in nominal terms and down probably at least 90% in real terms, despite nearly tripling from its lows. despite all that, the returns on QCOM from the VC stage must be absolutely fabulous.

most of those who "survived" the tech cr*sh with less fabulous gains than being a VC on the stock with the greatest one-year performance of any SPX stock in history reinvented themselves and went onto better market sectors. mine has been energy since 2003.
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