SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : PC Sector Round Table

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Stitch who wrote (1304)12/16/1998 12:09:00 PM
From: Robert Douglas  Read Replies (1) of 2025
 
**OFF TOPIC – WORTHLESS ANECDOTE**

Don't you ever dream about discovering, and investing in, a company like EMC, INTEL, and MicroSoft at their embryonic stage?

Around 1982 a person I know very well gave some freebie advice to someone that they should buy Intel, an up and coming MEMORY CHIP maker. Well this person that took the advice was not one that spent a lot of time watching the market and knew very little about it, so after he called his broker and placed an order to buy 600 shares of Intel, trading around $30, he basically forgot about it. Unfortunately for him, the broker bought 600 shares of Inter-Tel, symbol INTL. You can see how easy this would be in an era of handwritten orders, my lazy "C"s look like "L"s sometimes too! Well nobody caught the mistake until years later and all that was done at the time was to sell the INTL at a severe loss. Today those 600 shares of INTC would have been 14,400 shares and worth $1,656,000.

Moral of story. Watch those "C"s and "L"s.

-Robert

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext