anyone here ever invest big in internet stock, and lose bigtime? - GoFuckYourself.com

quiet · 02-10-2004, 02:34 AM

don't be shy

i never invested a penny, but watched the entire thing unfold (with great interest) from the late 90's to the burst bubble.

OY · 02-10-2004, 02:37 AM

I am sitting on a few hundered thousand shares that used to be worth a few bucks. Not anymore though. But still alive. I was an angel investor - fun while it lasted. Now just a paper shuffle.

Oh well, its only money...

PS. Adult industry is a lot more fun!

Mike AI · 02-10-2004, 02:37 AM

Yeah I was raped.

The stocks of the companies that still exist are way down for me.... even after a great runup the past year, I am down about 25% from even. ( I am not even going to talk about from the high! )

Anyone have a good 401k program? I need a job!

goBigtime · 02-10-2004, 02:42 AM

lost many, "won" a few.

I would always play big on call/put option contracts.... it's more like gambling than investing when you do it that way

In the stock market, a few good winners can make up for a lot of losses though.

fuzebox · 02-10-2004, 02:47 AM

Invested quite a bit (relatively speaking) of my income into a dotbomb that I thought was going to make it...

Now the shares are still locked to this day, can't be traded because the company is undergoing criminal investigation.

BigFish · 02-10-2004, 02:47 AM

lost a lot during the dip but got it all back last year and more.

RP Fade · 02-10-2004, 02:48 AM

yup..i use to be a trader...made money..lost money..if I learned one thing it's that you don't over leverage yourself and you must divesify your portfolio.

sexsup · 02-10-2004, 03:26 AM

I invest in stocks, also net stocks, but I dont think I've lost big time

AWW - Kevin · 02-10-2004, 03:39 AM

Quote:

Originally posted by quiet
don't be shy

i never invested a penny, but watched the entire thing unfold (with great interest) from the late 90's to the burst bubble.

good times

mistersoft · 02-10-2004, 05:02 AM

Thank you so much for reminding me of my former riches ... ooooops shit FORMER was the operative word here.

KRL · 02-10-2004, 05:05 AM

My worst single tech stock was a real loser. I had 100,000 shares. It peaked at $18. I knew the CEO and he literally begged all the major shareholders to hold on so the stock wouldn't dive.

While we were all holding on he unloaded millions of shares. Last I checked it was at $0.001 cents.

So that one went from $1.8 Million to $100.

quiet · 02-10-2004, 05:08 AM

Quote:

Originally posted by KRL
My worst single tech stock was a real loser. I had 100,000 shares. It peaked at $18. I knew the CEO and he literally begged all the major shareholders to hold on so the stock wouldn't dive.

While we were all holding on he unloaded millions of shares. Last I checked it was at $0.001 cents.

So that one went from $1.8 Million to $100.

too harsh for words. i would seriously want to kill someone.

KRL · 02-10-2004, 05:13 AM

Quote:

Originally posted by quiet

too harsh for words. i would seriously want to kill someone.

Yeh sucks. The CEO held 26 Million shares so his holdings were up to about $468 Million before the dive.

From what I heard he was still able to get out about $20 Mil as the stock dove and everyone else was hangin on, believing his bullshit about a major acquisition of the company that turned out to be all bullshit.

strobi · 02-10-2004, 05:17 AM

Got some share I bought at 32$ and sold at 0.15$

Learned alot since then

KRL · 02-10-2004, 05:17 AM

Quote:

Originally posted by quiet

too harsh for words. i would seriously want to kill someone.

LOL, the Vice Chairman of the Board is still a friend of mine. He got taken too and lost about $100 Million. He's Italian and went into the CEO's office and ripped the piss out of him.

The guy moved out of state he got so fucking scared thinking a contract was going to be put out on him next.

quiet · 02-10-2004, 05:19 AM

Quote:

Originally posted by KRL

LOL, the Vice Chairman of the Board is still a friend of mine. He got taken too and lost about $100 Million. He's Italian and went into the CEO's office and ripped the piss out of him.

The guy moved out of state he got so fucking scared thinking a contract was going to be put out on him next.

hmm. 100 M. unless you already had a B, that's soooo fucked up, i can't imagine.

KRL · 02-10-2004, 05:23 AM

Quote:

Originally posted by quiet

hmm. 100 M. unless you already had a B, that's soooo fucked up, i can't imagine.

If I even bring the subject up with him, he literally has flashbacks and his viens pop up.

That's a tough one to swallow.

He made some other investments though that turned out ok and still has about $6 Mil net worth. But going from $100 Mil to under $10 Mil is indeed harsh on the ego and the wallet.

Shoehorn! · 02-10-2004, 05:25 AM

quiet · 02-10-2004, 05:27 AM

Quote:

Originally posted by KRL

If I even bring the subject up with him, he literally has flashbacks and his viens pop up.

That's a tough one to swallow.

He made some other investments though that turned out ok and still has about $6 Mil net worth. But going from $100 Mil to under $10 Mil is indeed harsh on the ego and the wallet.

100 M, to 6 M. yeah, that's pretty harsh (extreme understatement). even though with great promise, also comes great risk.

Lykos · 02-10-2004, 06:58 AM

I haven't

body · 02-10-2004, 07:03 AM

Yes I did and won't talk about it

Stallion · 02-10-2004, 07:03 AM

Quote:

Originally posted by fuzebox
Invested quite a bit (relatively speaking) of my income into a dotbomb that I thought was going to make it...

Now the shares are still locked to this day, can't be traded because the company is undergoing criminal investigation.

Ouch that has to suck. Sorry to hear about the shares being locked up. How long have they been locked?

bugout · 02-10-2004, 07:20 AM

I got killed on transmeta..

but I've made up for all stock blunders i ever made when I bought 10k AOL for $1 in 94 and its split 7 times since...

alkemyst · 02-10-2004, 07:39 AM

What's even worse is I know a few guys that 'financed' the capital gains they owed the IRS (some owed more in taxes than they made in salary).

I know one guy still paying, his stock capped in 7 figures then quickly died out and he could not unload it fast enough, that sucks. The capital gains are sort of unlimited. The capital loss is limited to the cash basis...in his case was like $0 since all were 'gifts'.

He would have been in better shape financially if he turned down these gifts.

Å

pimplink · 02-10-2004, 03:04 PM

Yeah, I invested in WEBM and Microstrategy when they were soaring high.

SleazyDream · 02-10-2004, 03:08 PM

the only stock i own is in some mutual funds - there was some tech stock holdings in them but nothing serious and it was such a small percentage it didn't really matter.

Monk · 02-10-2004, 03:58 PM

From $3500 down to sub-$5..... wonder how many poor bastards bought and held that all the way down?

http://stockcharts.com/def/servlet/S...c20!Lg]&pref=G

Fuck, cant get chart to work.. anyway its GILTF

axelcat · 02-10-2004, 04:00 PM

I havent either

MetaformX · 02-10-2004, 04:26 PM

Lost $70,000 daytrading

funkmaster · 02-10-2004, 04:33 PM

Quote:

Originally posted by quiet
don't be shy

i never invested a penny, but watched the entire thing unfold (with great interest) from the late 90's to the burst bubble.

... yes, lost big, but gained even bigger. currently I am up middle 6 digits with ACTG.

bjs24 · 02-10-2004, 04:34 PM

I moved into bonds before the big run down and made pretty good money. Still own a lot of those bonds but over the past year have moved back into stocks but that probably wont last much longer. If your just now thinking about getting back in your probably to late.

Just an opinion.

02-10-2004, 02:34 AM	#1
quiet we'll miss you our friend. RIP Industry Role: Join Date: Sep 2001 Location: Fernie, BC Posts: 25,115	anyone here ever invest big in internet stock, and lose bigtime? don't be shy i never invested a penny, but watched the entire thing unfold (with great interest) from the late 90's to the burst bubble. __________________ we'll miss you our friend. RIP

02-10-2004, 02:37 AM	#2
OY Industry Pioneer Industry Role: Join Date: Oct 2002 Location: USA/EU/ASIA Posts: 5,401	I am sitting on a few hundered thousand shares that used to be worth a few bucks. Not anymore though. But still alive. I was an angel investor - fun while it lasted. Now just a paper shuffle. Oh well, its only money... PS. Adult industry is a lot more fun! __________________ Around since 1997, and the company that introduced "Cascading Billing" in MPA3® Affiliate Management and Tracking Software Outsourcing With A Norwegian Twist - NordBits - Inquire within!

02-10-2004, 02:37 AM	#3
Mike AI Confirmed User Join Date: Jan 2001 Location: Elysian Fields Posts: 3,624	Yeah I was raped. The stocks of the companies that still exist are way down for me.... even after a great runup the past year, I am down about 25% from even. ( I am not even going to talk about from the high! ) Anyone have a good 401k program? I need a job! __________________ Make big money on your Domains! Why wait 40 days to get paid with the other guys? Parked.com pays the most for your traffic, and cuts checks twice a month!

02-10-2004, 02:48 AM	#7
RP Fade Confirmed User Join Date: Sep 2003 Location: Los Angeles Posts: 3,343	yup..i use to be a trader...made money..lost money..if I learned one thing it's that you don't over leverage yourself and you must divesify your portfolio. __________________ HomemadeCash.com - Homemade & GF sites powered by NScash.com HomemadeVideoPass.com - The only all homemade mega site OurHomemadePorno.com - Real couples fucking on camera Contact ICQ: 400-786-531 Email: fade AT nscash.com

02-10-2004, 05:02 AM	#10
mistersoft Confirmed User Join Date: Jun 2003 Posts: 1,021	Thank you so much for reminding me of my former riches ... ooooops shit FORMER was the operative word here. __________________ SIG TOO BIG! Maximum 120x60 button and no more than 3 text lines of DEFAULT SIZE and COLOR. Unless your sig is for a GFY top banner sponsor, then you may use a 624x80 instead of a 120x60.

02-10-2004, 02:42 AM	#4
goBigtime Confirmed User Join Date: Nov 2002 Posts: 7,761	lost many, "won" a few. I would always play big on call/put option contracts.... it's more like gambling than investing when you do it that way In the stock market, a few good winners can make up for a lot of losses though.

02-10-2004, 02:47 AM	#5
fuzebox making it rain Industry Role: Join Date: Oct 2003 Location: seattle Posts: 22,119	Invested quite a bit (relatively speaking) of my income into a dotbomb that I thought was going to make it... Now the shares are still locked to this day, can't be traded because the company is undergoing criminal investigation.

02-10-2004, 02:47 AM	#6
BigFish Confirmed User Join Date: Jan 2003 Location: United States of America Posts: 1,159	lost a lot during the dip but got it all back last year and more.

02-10-2004, 03:26 AM	#8
sexsup Confirmed User Join Date: Feb 2004 Posts: 3,004	I invest in stocks, also net stocks, but I dont think I've lost big time

02-10-2004, 05:05 AM	#11
KRL Entrepreneur Join Date: Oct 2002 Location: USA Posts: 31,429	My worst single tech stock was a real loser. I had 100,000 shares. It peaked at $18. I knew the CEO and he literally begged all the major shareholders to hold on so the stock wouldn't dive. While we were all holding on he unloaded millions of shares. Last I checked it was at $0.001 cents. So that one went from $1.8 Million to $100. __________________ If you would like to develop your domains, you can lease inexpensive foreign labor from the leaders in the field at iWebmasters.com TO LOWER YOUR COSTS AND INCREASE YOUR PRODUCTION! * * * * * * * * * * * * Domains Adult News KRL's Newsletter Biz Tips Just Listed Domains

02-10-2004, 05:17 AM	#14
strobi Confirmed User Join Date: Nov 2002 Location: Belgium Posts: 7,383	Got some share I bought at 32$ and sold at 0.15$ Learned alot since then

02-10-2004, 05:25 AM	#18
Shoehorn! Die With Your Boots On Join Date: Oct 2003 Location: Hawaii Posts: 22,872	Yup. __________________

02-10-2004, 06:58 AM	#20
Lykos Too lazy to set a custom title Industry Role: Join Date: Apr 2003 Location: World Posts: 31,027	I haven't __________________

02-10-2004, 07:03 AM	#21
body Confirmed User Industry Role: Join Date: Oct 2002 Posts: 5,012	Yes I did and won't talk about it __________________ The Goddess Of Steps

02-10-2004, 07:20 AM	#23
bugout Confirmed User Join Date: Jun 2002 Location: NY-Rio de Janeiro Posts: 540	I got killed on transmeta.. but I've made up for all stock blunders i ever made when I bought 10k AOL for $1 in 94 and its split 7 times since...

02-10-2004, 07:39 AM	#24
alkemyst Registered User Join Date: Feb 2004 Posts: 11	What's even worse is I know a few guys that 'financed' the capital gains they owed the IRS (some owed more in taxes than they made in salary). I know one guy still paying, his stock capped in 7 figures then quickly died out and he could not unload it fast enough, that sucks. The capital gains are sort of unlimited. The capital loss is limited to the cash basis...in his case was like $0 since all were 'gifts'. He would have been in better shape financially if he turned down these gifts. Å

02-10-2004, 03:04 PM	#25
pimplink Confirmed User Join Date: Jun 2001 Location: Closer than you think Posts: 9,535	Yeah, I invested in WEBM and Microstrategy when they were soaring high. __________________ Need Mainstream Content and SEO? SEO * Website Copy * Blogs Blogging - PR Work - Forum Marketing - Social Marketing - Link building - Articles 100% Guaranteed Content!

02-10-2004, 03:08 PM	#26
SleazyDream I'm here for SPORT Industry Role: Join Date: Jul 2001 Location: Phone # (401) 285-0696 Posts: 41,470	the only stock i own is in some mutual funds - there was some tech stock holdings in them but nothing serious and it was such a small percentage it didn't really matter. __________________ This dog, is dog, a dog, good dog, way dog, to dog, keep dog, an dog, idiot dog, busy dog, for dog, 20 dog, seconds dog! Now read without the word dog.

02-10-2004, 03:58 PM	#27
Monk Confirmed User Join Date: Jan 2003 Location: Canada Posts: 631	From $3500 down to sub-$5..... wonder how many poor bastards bought and held that all the way down? http://stockcharts.com/def/servlet/S...c20!Lg]&pref=G Fuck, cant get chart to work.. anyway its GILTF Last edited by Monk; 02-10-2004 at 04:05 PM..

02-10-2004, 04:00 PM	#28
axelcat Adult Locals Join Date: Jun 2002 Location: West Coast Posts: 25,450	I havent either

02-10-2004, 04:26 PM	#29
MetaformX Confirmed User Join Date: Mar 2002 Posts: 6,704	Lost $70,000 daytrading __________________

02-10-2004, 04:34 PM	#31
bjs24 Confirmed User Join Date: May 2003 Location: I Moderate You Posts: 313	I moved into bonds before the big run down and made pretty good money. Still own a lot of those bonds but over the past year have moved back into stocks but that probably wont last much longer. If your just now thinking about getting back in your probably to late. Just an opinion.