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That's a little misleading. Every tech stock in the world sky rocketed in 1999, and then they all tanked. Qualcomm topped out at $88 a share in 1999, and was
by jlarocco 11y ago
That's a little misleading. Every tech stock in the world sky rocketed in 1999, and then they all tanked.
Qualcomm topped out at $88 a share in 1999, and was under $14 in 2002. Still up 3.8x, but nowhere near 26. It's increased since then, but even right now it's only $48.
- lallysingh 11y agoYou don't have to wait until retirement to sell shares.
- jlarocco 11y agoObviously. People also don't typically sell shares right at the top of a bubble, either. Look at the graph on Yahoo. The shares were $88 for like a day. Very unlikely he made 26x.