2 ms·
> Seems like they can’t block me from selling Waaaay back in 2000 I bought shares in lastminute.com which was at the time pretty much at the height of the .com
by logifail 4y ago
> Seems like they can’t block me from selling
Waaaay back in 2000 I bought shares in lastminute.com which was at the time pretty much at the height of the .com boom.
Great move on my part (not).
There was no way for retail investors to dump their shares quickly IIRC as you needed your paper(!) share certificate in order to be able to sell. Institutional investors were able to dump their holdings quickly, us suckers were stuffed.
"Lastminute became a symbol of the dotcom boom and bust as its shares hit a high of 511p after floating at 380p in March 2000, only to slide as low as 80p a month later"[0]
I have the share certificate kept safe as a reminder not to be so stupid again.
[0] https://www.theguardian.com/business/2014/dec/16/lastminute-com-sold-travel-website https://www.theguardian.com/business/2014/dec/16/lastminute-...