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Nortel Market Cap Peak per year, in $USD Billions: 1997: $16 1998: $22 1999: $105 2000: $283 2001: $56 2002: $26 The dot com bubble produced insane valua
by blinding-streak 6y ago
Nortel Market Cap Peak per year, in $USD Billions:
1997: $16
1998: $22
1999: $105
2000: $283
2001: $56
2002: $26
The dot com bubble produced insane valuations around the turn of the century. The run-up to the collapse was breathtaking.
- PakG1 6y agoDang, so someone who invested in 1997 would have still made money in 2002, though they would have a lot of psychological pain from the ride down from the peak.
- 11thEarlOfMar 6y agoLol, that's me and AMZN. Bought at (split adjusted) $1.50 in 1997, rode it up to $86 in 1999, held all the way down to $6. Finally sold at about $20, still thinking I was brilliant. I have to laugh about it cuz I can't bear the alternative.
- Ghjklov 6y agoIt's alright, no matter how bad that feels, it will never be as bad as all of us who missed the BTC boat when it was a little baby a few years ago. People spending it frivolously and treating it like it was worthless toy money since it was pretty easy to get. Then look at it now...
- Pxtl 6y agoI had a quarter Bitcoin and spent it all on a Humble Bundle.
- jrockway 6y agoI have a friend who got into Bitcoin early. He had almost $300,000 when MtGox got hacked and he lost everything. So it wasn't all sunshine and roses.
- deleted 6y ago[deleted]
- brobinson 6y agoI gave away 10+ bitcoins on Hacker News almost 10 years ago. lol (on a different account... I was an early adopter of this website, too) They would have been worth almost $200,000 at the peak of bitcoin's value, but I don't feel bad about it because there's no way I would have held them until that point. I mined them myself when they were worth like $12 each, and I definitely would have sold them when it hit $100.
- WalterBright 6y agoHaha, I bought AOL in the late 90's, rode it up 10x, then sold it when it sank back to 1x. A couple stocks I bought augered in so bad they were just removed from my brokerage statements, never to be seen again.
- 11thEarlOfMar 6y agoYup, it cost me more to sell CMTN than it was worth. Lost 101% on that one!
- unishark 6y agoOr with a little bad timing on when they exercise options versus sell the stocks, they can go very negative thanks to AMT.
- valuearb 6y agoDepends on dilution, Nortel could have easily issued enough shares to cause the stock price to drop over that period. I don’t know about Nortel, but Cisco was a stock printing machine over same period.