Just for believing in Sirius Satellite Radio. I could have taken gains at many different times, and could have sold at $1.30, But I know that this IS one of the best stock purchases that I have made.
I got in at
50k shares at .49
12.5k shares at .63
12.5k shares at .73
Total cost $50,125.......with 75k shares
if Sirius goes to $10 and I sell($750,000) I will make a profit of around $700,000 before tax.
Damn I love SIRI, Long and Longer...
p.s. Im waiting for the $30 price range....
Well I doubt JKB would have known that 1.30 was the peak and that he would have been able to buy back in at a cheaper rate. It's easy now to play monday morning quarterback. You know what they say about hindsight being 20-20.
I suspect if Jonny did know exact market movements, he would be making billions playing the market.
I will say this: He's smart enough to know that he does not know and that puts him a notch higher than you...