Wednesday, March 09, 2005

Don't Hire Me to Make Your Stock Picks...

I actually had a buy order in for Ebay on the day it went public...but I told my broker not to go higher than $17-18 (the IPO strike price was about $13, if I recall correctly). It closed that day at about $60. One share purchased that day for $60 is now probably worth more than $1,200 (after splits).

I also once considered purchasing KMart at $30, but figured it was overvalued.


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