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.
Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?


To: H James Morris who wrote (132116)9/29/2001 7:16:36 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
>Look I am still a genious for selling Ariba at 7 or 9 LOL. I can't even recall. I saved another 90%. Those are funny numbers though;-)
Glenn, Ariba is down -96.5% this year alone, closing at 1.86.
What are those funny numbers you refer to?


My implication is percentages are deceiving as far as the loss or if there was a gain as far as the gain would be. The $113 to let's say $9 at which I sold was one very large loss. If I had not sold and held the shares longer, I would have lost 90% more of the remaining money which was only 10% of the first investment. So let's pick a number of 500 shares at $113 which would be an initial investment of $56,500. Selling the 500 shares at $9.00 would bring in $4,500 so one has a loss of $51,000. Selling the 500 shares at let's $2.00 would bring in $1,000 or a loss of $3500 more with a 90% drop from $9 to $2. One did not save a heck of a lot getting out at $9. That was aleady way too much of a loss prior to cutting losses. Now one can buy 500 shares for about $1,000. A 100% increase gives one a whopping profit of $1,000. One would need a very large percentage gain to get from $2 back to $113. That was all I meant.