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australia, ocean

Detours off Britta Blvd


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in good company?
australia, ocean
I know stocks are not for the short term nor the faint of heart, but this is really discouraging, knowing my company is still doing so well & such high demand in the industry, even increasing 2008 guidance after scruntizing demand in the face of January's stock market mess, but our stock price is getting hammered so badly. The only reassurance is at least we're in good company. Google (red) and Apple (green) are showing no signs of growth slowdown either, just like us, and you can see we're all suffering the same pattern. Yeah Apple had some steeper growth in 2007, but still...

(no, that's not price per share as the Y axis but percent change over time, otherwise Google would make the chart unreadable)

It's one thing for investments I have purchased (like my measly few shares of Apple that at least have split along the way), since those are still long-term in my mind so I can ignore them as I should, but yet another with options that were intended to be part of my compensation...so it sucks that I really should have sold at least some options when we were over $100 last fall vs. the $64.50 we closed at today! :P Small consolation that most of us were as surprised as me at the recent downturn, since my boss admitted to me that she didn't sell anything last fall either...

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funny, i just -- on monday -- sold the stocks i had from working at the bank for 6 years. i, too, had this idea that i should hang on to them forever and ever but then my financial advisor pointed out that their net value was almost identical to what was remaining on my car loan. and with my job being in such a state of flux, i figured, who wants to be laid off and have that kind of debt hanging over your head? so i bit the bullet and sold them on monday ... which was really weird, as i really did feel i was supposed to keep them and not touch them and forget all about them. but i'm glad i did. the hardest part was knowing that before christmas, the stocks were $102 a share ... and i sold them for $67 a share. argh! so i definitely feel your pain!

i also had shares from when i worked at a HUGE telecommunications company back in the late '90s. i didn't have a lot, but the shares were $120 each. then the company went through some pretty major overhauls and problems and the stock split and was parcelled off and ... long story short, i also sold all my shares of that company on monday. the amount? $37. total. for ALL my shares. once upon a time, those shares were worth over $10,000. and i sold them for ... $37. *sigh*

I still have money left in a sweep account when company I used to work for was bought out and went 'private.'

Buying stocks is difficult, know when to sell even more so.

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