Time Doesn’t Heal All Wounds In The Market

In 2001 I was “the bomb.”  I mean I was the big swinging dick, the axe in the markets, the “schnitizel.”  That’s what the cool kids say, right?

My god-daughter was born just two-years earlier and I was in love with her.  I decided that I would do the god-fatherly thing and guarantee that her college education was totally paid for.

It would be easy because I knew them markets baby, and I could trade them like a pro. There was this hot stock called $CSCO that was having a temporary pullback. Buying it at $30.00 was  friggin’ steal.  Besides, I had sixteen years until my god-daughter would be going to college and by that time $CSCO would be probably at $5,734 per share.

It didn’t quite work out for me like I had planned, which I was reminded of when John Chambers, or as I like to call him “The Spectre of Death,” announced earnings yesterday that will put $CSCO back to 1998 prices.

I have a lot of ground to make up in the next six years, but I think I can do it.  And now I have to focus on my own kids college education which is 12 and 15 years away respectively.  But I think I have that one clocked, as I just put some money in $NFLX and $GMCR.  By the time my kids are ready for college, well those stocks should be.


Site Footer

Sliding Sidebar

About Brian Lund

About Brian Lund

Great father. Good friend. Decent writer. Lacking husband. Solid drummer. Sometimes funny. Often A-hole. Terrible poker player. Too smart. Punk rock. Work in an ice cream shop.

Want to know more about Brian?

My Latest on Twitter