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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin! -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (1850)	12/9/1999 9:26:00 PM
From: Patrick Slevin	Respond to of 7434

During the late 70's, I wanted to buy a NYSE seat. I think they were about 65 thousand at the time. Here is a story for ya, I was getting married.....my brother said "why don't you buy your first stock, buy the company I work for. It's trading at 14, it's splitting and it should do okay, it's risky but you are at the age where you should take some risk...." So I did. I went to a broker, I bought $2000 worth of stock and it was now 16. The guy next door bought it two days later at 17. I got married, went to Ireland for two weeks, came back.... Apologized to the guy next door. Damn stock was down to 15. He told me that while I was away it ran to 26 and split 2 for 1. Kool. I sold out. Some years later, I was at the house of a brother-in-law of another brother. My son was just born....Johnny owned two seats on the NYSE. He said, "Jeu ever buy the * stock that **** works for?" I said "Jes!, doubled my money in two weeks!!!" He said "you know, I bought a few months before you did. Had I kept my $1500 investment it would be worth about $180,000 today." That was the day I decided I was not going to be working on a time clock for the rest of my life....I remember that like it was yesterday.