XPost: comp.sys.mac.advocacy, comp.sys.macintrash
From: csma@mac.com
Timberwoof wrote:
> > Investing in individual stocks, such as Apple, for the small investor, is
> > best only for people who want to put a lot of work into doing worse than
> > the
> > market averages. :-)
>
> And Apple over the past few years is an excellent example of how much money
> one
> can lose on the stock market?
well it's tricky... you can think you are smart and sell off stock too
early... i sold 200 shares about a month ago, but have lost $2,500 in
that same time period... technically it's not a "loss" but an absence of
"gain"... but it still sucks!
i guess several employees recently sold millions of shares, thus, lost
10's of millions of dollars, or lost the potential... and steve screwed
up the most...
-- Steve Jobs in January 2000 received the largest option grant in
history: 20 million shares with a present value that I estimated were
$471 million. That option grant represented 5.6 percent of the shares
outstanding of Apple Computer Inc. The option promptly sank under water,
as did a second option covering another 7.5 million shares, which was
granted in October 2001. Jobs then took an offer in March 2003 to turn
in all 27.5 million shares for five million free shares then worth about
$75 million. As of the markets close on Nov. 22, those free shares had a
value of $307 million. Had Jobs kept his 27.5 million option shares,
they would have contained, again as of the close on Nov. 22, paper
profits of $678 million. Bad move, Steve.
---
so guess losing $371 million sucks even more... :)
so now i'm putting most everything i have into apple, it's an easy way
to make bucks... as long as you don't sell :) the stock rise has just
begun...
oxford
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--- SoupGate-Win32 v1.05
* Origin: you cannot sedate... all the things you hate (1:229/2)
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