Doonesbury by Garry Trudeau for October 24, 2023

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    BE THIS GUY  8 months ago

    I worked for a dot com in 2000. We went public in March 2000, just as the bubble was bursting. The price we employees were able to buy the the stocks were $24 per share but we could not sell when we wanted.Couple weeks after it went public, the stock peaked at $116; one year later it was at $5.

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    The dude from FL (not bragging) Premium Member 8 months ago

    I knew 2 people that were brilliant and were so smart. they both created programs to automatically buy and sell stocks for them. 1 was a day trader, and the other even held classes in his home. They both retired, they BOTH went back to work when their gimmicks failed

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    robertthomasson  8 months ago

    I am haze on the internecine language of market trading, is popping good or bad? Rising or falling?

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    Mugens Premium Member 8 months ago

    Gotta love that last panel.

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    Geophyzz  8 months ago

    My son at Morgan Stanley said “Buy Facebook, opening at $40!” He was right.

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    OshkoshJohn  8 months ago

    “Boom Dot Bust” was a great Firesign Theatre album.

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    jrankin1959  8 months ago

    When my wife first got into the stock market, I clipped this panel from the newspaper; she kept it on her desk for years.

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    Timothy Madigan Premium Member 8 months ago

    Most IPO trend up at the start and then drop when employees can start selling. Smart long-term investors usually wait 3 months before buying.

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    ctb11365  8 months ago

    Amazon, at about $20/share in late 2000, hit ~$5 a few years later. Fast forward SLOWLY, and it hit about $100 in the later 90s, and dropped to maybe $50. It hit $100 again maybe 2009. In Market Adjusted for Splits $, that $20 is about $2, and today it is $127. Sometime the market rewards patience

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    mistercatworks  8 months ago

    We are all much calmer “on the way to the poor house”. Gambling is gambling. The odds are not in your favor.

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    michaelesum  8 months ago

    I was left with $60,000 +/- invested after the first Dot Com bubble burst. Decided to double down on the tech sector and put it all on a NASDAQ Index fund and let it ride. It reached $600,000 +/- about 3 years ago when I decided to diversify. I got no complaints (except Long Term Capital Gains Taxes).

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    Richard S Russell Premium Member 8 months ago

    One guy who made a fortune in the stock market was asked what his secret was and replied “You’ve got to get out the day BEFORE the market crashes.”

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