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I had the same approach, and when the bubble burst, my darling stock Priceline tanked to 50cents! I liked them, so I bought more at that price, and did well, bu
by somberi 13y ago
I had the same approach, and when the bubble burst, my darling stock Priceline tanked to 50cents! I liked them, so I bought more at that price, and did well, but that is sheer luck. Many good companies around that time could not claw their way back up.
- jfoster 13y agoIn the tech bubble, were not most of the companies that didn't survive making losses? Seems you could quite easily defend against the possibility of the company being unable to claw their way back by only buying companies that are actually viable.
- somberi 13y agoGood, profitable companies tanked as well. This was 12-13 years ago, and I am unable to recollect some names. I am sure others here can chime in. Even priceline, arguably, at 50 cents was is not reflective of the soundness of the company.