Anyone still holding their MOVI shares?
Eh, its all netflix and I think these guys will take over the retail portion
redbox
They're in all the supermarkets, walmarts, macdonalds and other locations around here.
Hmmm, bad investments? Having the VP of sales at the little company I worked for in the mid 80's tell us to go buy some of the company stock, since "something realllly big is about to happen". Turned out that the really big thing was the company declaring bankruptcy. But the good news was that a bunch of employees calling their brokers to buy the stock got a little speculative bubble going and the price went up a good bit for a couple of days, allowing this particular VP to unload his shares.
I had actually taken out a loan to buy my soon-to-be-worthless shares.
Oh, he got in a bit of trouble with the law, BTW. He didnt travel near my sales office after the bankruptcy news hit. Pretty smart of him.
Good lesson learned to not listen to any insiders with alleged good news.
Second worst was buying a bunch of Tyco around 97/98 and then as it fell like a rock, increasing my holdings. I managed to dump on a little bounce but still lost a bit of money.
Good lesson learned to not buy alleged super blue chip companies that are a cant miss proposition on paper because nobody ever knows everything.