Madharry, I believe that when there's a parabolic rise over a short time frame during which a stock is discussed here, that rise is easily noticed. Made more evident to everybody when the stock itself sells at an absolutely high price - over $100/sh. for example.
There have been a number of stocks discussed here that people owned that went on to become 15 baggers or more. These may not've been very noticeable (unless you owned the stock -g-) because:
1. The rise has occurred over several years.
2. There's not a continuous stream of posts on the stock to keep readers aware and informed of progress.
3. The stock has split several times. So harder to spot a 15x gain. Example: somebody aware a a stock selling between $25 and $50 during the past 12 months, maybe sees a double if stock's at $50. Not realizing unless looking at a 5-10 year chart, that the stock has historically done a few 2:1 splits when the stock is up at at those high prices.
4. The company got acquired at a high stock price, and the buying company's stock also performed well subsequently, or the buying company itself also eventually got bought out. So it's difficult for an observer of the stock market scene to see the success of the first company's stockholders (assuming these holders kept shares they received of the acquiring company/companies).
Some areas that I'm aware of that have seen 15x gains over the life of the thread are homebuilders, refiners,
maybe some healthcare, some tech stocks. (Madharry, you do not want me to mention that fruitly-named stock again -gg-. (I've recently sold 1/3 of my stub shares)). A few net-net or below-cash plays became tech stocks and once their rise began, the ascent was very rapid. SINA and another Chinese portal cash play were discussed here by somebody who wound up making a small fortune on maybe a 30+ bagger.
I've yet to see here or experience a 100 bagger. (I still occasionally pull out my '72 copy of T.W. Phelps' "100:1 in the Stock Market" for a little motivational read.)
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EKS. Yes, congrats to you on a nice pick and holding on for the ride. |
