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Fossil Group, Inc. Message Board

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  • bdparts bdparts Oct 12, 2000 8:06 PM Flag

    too late to buy in

    so there I was in Sept..of 1976 and I
    had just
    purchased three stocks with
    great prospects....and the
    market started
    to roll over and head
    down....hmmmm
    one of three stocks had really great

    prospects...so as the market continued
    its decline...through
    the balance of
    1976 i tossed out the other two
    stocks
    holding only one of the three purchased....
    each
    quarter, I would review their report
    and things kept
    getting better, but the
    market continues down all of
    the year 1977.
    However, my stock quarterly reports
    kept
    getting better but the stock price didn't
    change much
    and stayed right at twelve...
    i recall purchasing
    it for fourteen....
    there i was now at 12 bucks
    for 14 months...
    hmmmmmm but the quarterly reports
    just kept
    getting better,,,,,,market straight
    down....
    so...i held....and market kept going down
    into May of
    1978...then stk mkt started up
    and so did my
    stock.....hmmm went from
    12 to 35 in six weeks...fell back to
    34.25
    which is where I sold.....
    thereafter, the stock
    fell back over the
    next five months..to about
    18...in the
    October smash..of
    1978.......
    FWIW......best regards, bdparts

 
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