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Alias Born | 07/19/2006 |
Thursday, April 12, 2007 7:18:14 PM
of the late 90's and early 00's...both boom and bust...LOL. A little research, and I found it was one of the busts...LOL. Had once been a $200 stock...and now it was pennies. Nothing had changed in the interim other than changing attitudes of investors...but they had'nt changed and were still doing what they always did. They must have been doing something well, because they were still in business is the way I looked at it.
I think my first buy was at .25...10k shares. Week by week, it tacked on a nickel, sometimes a dime. Some weeks it may have dropped pennies....but it always seemed to be gaining, so I bought another 10k, and then maybe 5k, until I had about 65k. Then they decided on a reverse split...1:10....to get back onto NASDAQ where they started. I believe by then it was .91, so it rejoined NASD at $9.10. I sold 5k of my then 6.5k shares just last month for slightly less than $20/share.
I was quite rewarded for my patience.
FWIW....remember 2 days ago....BHUB....large volume (752 MILLION shares traded hands)....consider it wallpaper today...LOL
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