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Art_from_Ark

(27,247 posts)

15. You got lucky with Apple

Fri Apr 11, 2014, 01:54 AM

Apr 2014

Very lucky.

Back in the late '90s/early '00s, Apple stock was going down for the count. Management was awful, sales were falling. What saved Apple from the scrapheap of Pennystockdom was the return of Steve Jobs.

On the other hand, if you had invested in Sun Microsystems around the same time, when it was in the $100 range, and held that stock, your investment would be worth around 1/20 of that now. Probably not as bad as Sunbeam, which at one time was $60 but went all the way to $0. Or Woolworth, which at one time was in the Dow 30 but is now just a memory.

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Highlight:

Nasdaq Just Plummeted And Everyone's Asking The Same Question - HuffPo [View all] WillyT Apr 2014 OP

Du rec. Nt xchrom Apr 2014 #1

The lesson taken from the internet bubble was that cthulu2016 Apr 2014 #2

Is this is a mud-splattering hippo fart a la late 90s, Eleanors38 Apr 2014 #10

Heartbleed? JaneyVee Apr 2014 #3

Well, yeah....but.... dixiegrrrrl Apr 2014 #4

Can we finally have a discussion about how stocks markets are an ineffective way to invest? Taitertots Apr 2014 #5

You might be right yeoman6987 Apr 2014 #6

Private equity, hedge funds, real estate, bonds, commodities, precious metals, and other stuff IronLionZion Apr 2014 #18

You know its rigged. GeorgeGist Apr 2014 #7

Market's been sitting on a vast pinto bean fart for the last 3-4,000. Eleanors38 Apr 2014 #8

Apple stock is at $523...and I bought it for $4.50. brooklynite Apr 2014 #9

You got lucky with Apple Art_from_Ark Apr 2014 #15

+1000. Sun made some damn nice machines too. What a shame. nt adirondacker Apr 2014 #16

I was really surprised because they did make some nice machines Art_from_Ark Apr 2014 #17

Big deal...it hiccuped brooklynite Apr 2014 #11

"Brogrammer"? Fumesucker Apr 2014 #12

hmmm, another day like today hfojvt Apr 2014 #13

The S&P 500 hit an all-time high the other day goldent Apr 2014 #14