Did anyone hear this caller in the final hour of BBs show on Sunday? The caller had obtained about 12,000 shares of broadcast.com stock, through some relative. Get this...for around 60 cents per share. The called asked Bob what he should do with the $2.5 million in gains. I think Bob was flabbergasted! After a commercial break, Bob gave the caller a very good recommendation:
Sell to the "sleep" level...that is, sell enough shares to sleep at night. Bob also made another very sound comment...NEVER GIVE BACK CRITICAL MASS. Here was a caller that made critical mass on a less-than-$10,000 investment. (O.K., so maybe it was really speculation!) The last thing he would want to do, Bob emphasized, was to give that pile of money back, and then kick himself for the rest of his life. Ultimately, Bob suggested he immediately sell $2 million worth of shares, and let $500,000 ride.
Some great advice from Bob, I'd say.
(BTW, the stock is up another $75/share as I type this...I wonder if the caller sold this morning...might have left a cool $750,000 if he waited until now...hehehe...boy oh boy, these internet stocks are going to fall long and hard when they do finally fall!)
Regards...Bill S |
