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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?


To: OZ who wrote (4052)9/16/1999 12:37:00 AM
From: Dan Clark  Read Replies (1) | Respond to of 18137
 
OZ, for the real gamblers (folks who like to hold long term) perhaps they would like to have a little SYQT. This tasty little number was trading at $28 1/2 on 12/9/92. It was around $20 in July '95. Around $6 in October '97. In November '98, they filed chapter 11.

There we have it. Some brave soul invests $10,000 in 1992. In 1998, he has $0. Zip. Nada. Squat.

Since I'm such a wuss, I'll stick to day trading.

Regards,

Dan.

P.s., I only lost 20% of my position on SYQT after holding it for about 2 months.