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Post by CdnPhoto on Dec 8, 2023 4:48:51 GMT -8
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Post by CdnPhoto on Dec 8, 2023 4:54:33 GMT -8
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4aapl
Moderator
Posts: 3,634
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Post by 4aapl on Dec 8, 2023 9:33:38 GMT -8
Reading part of the other sections, it was nice to see something about first solar. I'm not sure I ever owned any, but I remember BlueHerring really liked it, having a lower priced (technology was cheaper to manufacture) but lower efficiency. The problem with all companies that you really get hooked into, whether it's Apple or some new technology (VR glasses) or some green technology (solar, EV cars, etc), is that your love for the company could get you to make investment choices due to that love, instead of how good of an investment it is. Thinking back to around 2000, along with solar was people excited about fuel cells, while also worrying about peak oil. But just because a technology is good doesn't mean that a company can be profitable. So I was curious to see how the stock did, expecting that it had underperformed. Looking back at FSLR, it had a rough and potentially overinflated time around the great recession. But checking from the low around May 2012 until now, it's up a bit more than 10x. In comparison, AAPL is up almost (but not quite) 10x in that same timeframe. I'm happy I've been mostly in AAPL for all these years, but it is nice to check in on some of these other companies once in a while. Like JDSU, which had a cult following back around 2000, but lost a lot of value and then at some point was bought out. Nice push at the moment, with AAPL making it through 195 up to 195.25. In the long run the exact path doesn't matter as much, but it's still good to see after it only touched 195.00 both yesterday and today.
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Post by duckpins on Dec 8, 2023 10:39:40 GMT -8
That is a bad memory, lost a fortune on JDSU. I knew to sell when I saw an interview with the CEO. He was styling in a black beret on a late night talk show, all full of himself.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,103
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Post by Dave on Dec 8, 2023 11:08:35 GMT -8
That is a bad memory, lost a fortune on JDSU. I knew to sell when I saw an interview with the CEO. He was styling in a black beret on a late night talk show, all full of himself. Sadly I also lost a few bucks on that solar play.
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4aapl
Moderator
Posts: 3,634
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Post by 4aapl on Dec 8, 2023 11:29:59 GMT -8
That is a bad memory, lost a fortune on JDSU. I knew to sell when I saw an interview with the CEO. He was styling in a black beret on a late night talk show, all full of himself. I rode TDFX down a bit, but sold shortly before they went under. On the plus side, I went to one of their shareholder meetings. It was a small little thing on fold out chairs. I might have been the 7th person. I think I got there on time but was the last person, and they were asking who I was or who I represented. I was about 23 at the time. After going thru the stuff, they brought us to a little closet that had a prototype running of their next generation stuff. Imagine if Apple did that these days! This was just such a different thing than Apple's meetings that I have been to, where if you were on time you could be in the main ~300 person room, but otherwise there were a couple overflow rooms upstairs, and that's with employees mostly watching it at the Cafe. It is fun to see some of these small companies. I still get a kick out of watching the small company Comstock, which my neighbor lost 98% on. They are small enough that at times I could have bought them, and only have 10 or so employees. But boy do they pivot (gold from tailings, mercury mitigation, land sales and special enterprise zones, and now LiON battery recycling, plus some subsidiaries/joint ventures/other vested interest companies, all in the past 5 years), while also doing many crazy looking things of cross ownership of shares between companies and things like that which make it tough to follow what is going on. At times it seems more like it is the wild west, or investments back in 1900 or before, such as Jesse Livermore cornering (or trying) various markets. Or Gould with train routes. Crazy stuff! It's nice that AAPL has done so well while mostly being on the up and up.
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Post by aaplcrazie on Dec 8, 2023 12:14:53 GMT -8
That is a bad memory, lost a fortune on JDSU. I knew to sell when I saw an interview with the CEO. He was styling in a black beret on a late night talk show, all full of himself. Not a Red Rasperry Beret, the kind you find in a second hand Store? 🕺🏻
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Post by Luckychoices on Dec 8, 2023 12:18:55 GMT -8
That is a bad memory, lost a fortune on JDSU. I knew to sell when I saw an interview with the CEO. He was styling in a black beret on a late night talk show, all full of himself. Sadly I also lost a few bucks on that solar play. We didn't invest in solar(or in Pets.com) but we did invest in JDSU, Oracle, Home Depot, AAPL, and a few others. When the Tech Crash came in 1999-2000, we lost about $100,000...and that's when we put the remnants of our investments into *only* Apple because it was the only company who made products we actually used. Losing that money turned out to be the best thing for us...but it was pretty painful at the time.
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Post by CdnPhoto on Dec 8, 2023 13:02:51 GMT -8
Pretty nice close. Only $2.52 from the ATH. only 71¢ from the ATH close.
Hoping Artman gets to pull his green pixels out next week.
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