Ying,
About time someone paid attention. This is as crazy as when I thought Mayfair Supermakets might be good. It was 1982, the stock was 1.87 and they had just bought the old Pantry Pride and the conversions were going well. I waited and their earnings came out and were great. I didn't realize it and after it went up 50% in one day, I foolishly thought I missed the boat. Well the next day it went up another point, to 4, which was only a 33% gain. I was stubborn and refused to buy it until it corrected. IT ran right to ten and I was heartbroken. Of course I'd never buy it up there, so I gave up. And this stock went to 30-40, split 3 for 2, ran up to 50 and split 3 for 2 again. Split at least a few more times and I think from 1.87 a share, it went up at least 50 times, but probably a hundred or more. Just don't have exact numbers but I was numbed by realizing all I had to do was buy 2000 shares(at 1.87 or whatever) and I would have made $300,000. Not bad and a 10,000 dollar investment would have made you approximately $750,000. So what I'm getting it is this; Those of you sitting on the fence, don't miss the runaway locomotive because you didn't hit the bottom. DO NOT BE STUPID ENOUGH TO THINK YOU WILL FIND A BETTER IDEA, YOU WON'T..... Don't be stubborn like I was or you will be sorry.....
Gary |
