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.
Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?


To: Boplicity who wrote (12408)4/8/2001 12:11:30 PM
From: lightwave51  Read Replies (1) | Respond to of 13572
 
An example of how far stocks have fallen

Lucent, recently trading at $6.75 a share, has fallen roughly 90 percent since you, ah, I mean since your cousin eddie bought it at its 52-week high of $67 in July 2000. In order for Cousin eddie to break even, how much will Lucent have to rise?

a) 67 percent
b) 90 percent
c) 666 percent
d) 893 percent
e) a billion gazillion percent



Answer:893%



To: Boplicity who wrote (12408)4/8/2001 7:21:46 PM
From: mishedlo  Read Replies (1) | Respond to of 13572
 
Also, you are not going to be able to define the exact point when the bottom happens. When it's obvious, you might very well have missed out on the 20 or 25% of the gains. I know the following investment advice is boring but at this point in the sell off, it might be the best course action for those investors that are not in it for the sport of it all and have long term investment horizon to start dollar cost averaging

Greg, I really can not believe you are advocating $cost averaging. There is no reason at at why stocks can not fall in half from here. There is no reason at all why we can not have the dreaded L bottom. Any bounce we do get will likely be re-tested. Dipping here is for nimble traders like Zeev, not for LTBH IMHO.

M