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Replies to #3361 on Monk's Den

monk8702

02/24/06 11:28 AM

#3362 RE: MSGI #3361

Yes, they do take time and I found a prime example just last week.......A nephew opened a Scottrade account in early 2003 with like $3000 and a little (maybe $1000) margin.......He wanted a few "safe" plays (buying like 100-125 shares each) and I gave him NVDA under $10, AMD at $6 or $7, RMBS at $6ish and MUEI at $3.......Well, MUEI (now INLD) reverse split at 1 for 10 later, and would be like 50 cents today----for a big loss----but the rest have gone up BIGTIME........NVDA is $45, AMD $40+, and RMBS $30+........He was certainly surprised when I told him AMD and NVDA were selling at $40+ and RMBS at $30+.......He had not checked the account (go figure) in a couple of years and was thrilled to see it is NOW worth well over $15,000.........His mothers "safe" picks of Coke and Disney have basically stayed the same since.........


MOPAR10R/T

02/26/06 7:57 PM

#3364 RE: MSGI #3361

*Sweet*, I'm with you!...




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