RE:RE:It's all Good Newtradertamaracktop wrote: Did you know that between December 17th 1999 and October 19 2001 Amazon stock dropped from $94.06 to $8.01? It lost 91.5% of its value. The rest is history. The people who hold Xebec for the long term, through thick and thin, are going to do better than they would dare imagine. Especially these days.
There's a lesson here. Amazon went from $94 to $8 before it went to $3,000. Imagine the sentiment at $8. Stocks are a good buy when looking at them makes you want to throw up. People think Xebec is a write-off? It's very very far from it.[/quote]
I caught just a little bit of flack for that post.
as though I was comparing Xebec to Amazon. lol
I was only pointing out what the market can do, and sometimes does, while using a familiar name to do it.
Here's another one.
Between July 8th 2011 and Novemebr 18th 2011, Netflix dropped from $42.16 to $11.15.
Today it's $554.
Again, this is only to point out that even the most successful stocks have periods of extreme weakness.
Xebec isn't immune.
Some day these last few months will be very far behind in the rear-view mirror.