Math lesson - >> To say that some of our posters here are insane is an understatement. I am just puzzled how they haven't gone bankrupt yet. <<
When you ride a ten-bagger, a 50% correction is surely not going not bankrupt you. Example:
$10,000 X 10 = $100,000; $100,000 X .5 = $50,000.
$10,000 => $50,000 = 400% return.
Of course one would prefer to get out at $100,000 and get back in at $50,000. But, then you have to do the tax math. And the uncertainty math.
I am at today's start, up 25+% for the year, just for 1999; up 150+% since October. And going into what is going to be a very positive earnings season, I am holding big chucks of AMZN (made even bigger by Barrons), YHOO, EBAY, AOL, et al. I like the math.
Glenn, you posted me perhaps 10 days ago you were tired of this debate, and I am too. For my part I have mostly abandoned it. The debate, not the stock. I'm not as articulate as some, and the war I am interested in fighting is being held at NASD. But, the disingeniousness of this post forced my hand. It probably won't happen again.
Regards,
Tom |
