Post #3725 by rayvt on the Mechanical Investing board

Investment Strategies / Mechanical Investing

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than to buy a stock that has gone from $500 to $1,000 on its way to $5,000.

You are talking about COSTCO, aren't you?
LOL

(I actually bought COST at $480 and $525. Now $1036.)

I remember having a lunch table discussion at work shortly after GOOGLE came out. Everybody except me said it was crazy to pay $100 for a stock, the only rational price to pay for a stock was $30-$50. I shrugged and said, "So? Only buy one share then."
That $100 share is now worth $6500.

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