I’m fascinated by Graphs, numbers and profits. Always have been.

 

That’s why at the age of 17 I bought my first stock. After a LOT of nagging to my wary parents though.

 

The date was October 2000 and I just invested my savings in the stock of a wellknown internet bellweather called… Yahoo. At the price of $154 a share. What a bargain, right?

 

Sell at $205 I said and Yahoo! hit that number less than 2 months afterwards. But hey we’re talking last century here and - unfortunately - online buying and selling wasn’t an option at my bank. As I was told later, the banks preferised big clients and orders and my sell order never got filled.

 

The Bubble Bursts

It’s only five days after my sell order and it seems like a different world. Exchanges are bleeding red worldwide - it’s the first of many blows. The bears have awoken and the internet bubble bursts…. billions go up into smoke.

 

Call me a softie but I liked and still like Yahoo! I’ve been a loyal user ever since 1997 untill this day.

No way I was betraying Jerry Yang &co by selling my YHOO and certainly not at a loss!
It’ll go up again, no worries… I thought.

 

This is a nice graph of Yahoo’s performance the next few months.

 

Oh well, don’t dispare! There’s a solution to all of this right? Next week… Buying in the dips!

 

Yahoo! Chart

 

Next Week: Adventure on Wall Street part 2 - Buying in the dips!

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