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.
Politics : Politics for Conservatives -- Ignore unavailable to you. Want to Upgrade?


To: Alan Smithee who wrote (124296)9/25/2025 4:41:36 PM
From: Stock Puppy  Respond to of 124814
 
Oh yes Netscape - it was so tempting, after watching it for a while, I was thinking of buying it, but my stockdar instinct was saying "no!" - fortunately I listened because I would have bought just before the plunge.

I did buy too many shares of another tech stock (on margin yet also - first time using margin) but fortunately it was stable enough to plunge, my stockdar told me to pay off enough to prevent a margin call and hold until recovery and I got out of that one overall as a wash.

That experience hardened me for other crashes, like in 2020 I bought some stocks dirt cheap and held my others which recovered and then some.

But I'm not rich - you might say I'm too conservative. :-)

After a while, stock market crashes are like this:
(trick is, don't stand on the trap door)




To: Alan Smithee who wrote (124296)9/25/2025 4:45:07 PM
From: Stock Puppy  Respond to of 124814
 
Also during the '90s:

I saw people who were fairly successful quit their jobs to work in startups whose main attraction was that they offered stock options.

Seemed like a good idea (for them) at the time.

I was just shaking my head.

Also some who found methods to max out their credit cards to buy stocks.

Add rolling eyes to shaking head for that one.



To: Alan Smithee who wrote (124296)9/25/2025 4:59:16 PM
From: D. Long3 Recommendations

Recommended By
Alan Smithee
goldworldnet
SteveinTX

  Read Replies (1) | Respond to of 124814
 
A memory that always makes me cringe is from when I worked at UUNET (an MCI WorldCom company) before the collapse.

We could buy Worldcom stock out of our paychecks. I was in the breakroom talking to one of my coworkers, who was ecstatic about increasing his share of stock buy as the stock price plummeted. "It will never be this low again!"

Well, we know how that turned out.

For every win, there's a 100 losers.