Thank You IPO.COM!!!!
Written: Jan 25 '00
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Pros: Useful, Informative, Well Organized, Easy to Understand
Cons: Deciding What to do With the Money!
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| bargainjunkie's Full Review: IPO.com |
This is by no means a technical review of ipo.com I am no market guru or anything. This is a story of a housewife that happened to hear the word IPO, had no idea what it meant,was embarrassed to ask and went to look it up on the net. I had given my mother several tips and she did quite will with them. Basically I just informed her of things I was seeing on the net that I was interested in as a consumer or user and gave her the names to keep an eye on. Thinking that I should benefit from my advice I began to watch CNBC, heard the term IPO and the rest is history :)
Ipo.com is organized by the month the company is going public (again I don't know the lingo for this) So naturally I clicked on the two months ahead. Only one caught my eye, Stamps.com. I printed the information and then called my mother. She said she would talk to her broker (useless man) and get me some more information. He said not to buy it but I felt different.
Flash forward to June 23, Stamps.com is going public the next day. I call my mother and ask her to buy some shares with my tax refund ($3000). She does and to my surprise she buys me and extra 1000 as a gift and some for herself. We bought it at $15. The first day it closed at $13.69, I cried and cried hard. Here I had wasted our tax refund on some company that wasn’t even providing services yet when we could have used that money
for so many things. For the next few days I watched that flipping tinker tape on CNBC till my head hurt. I decided I was going to just forget it, let it sit for a few years and stop panicking.
As all women do, I changed my mind and had my mom sell it at $48 and reveled in my earnings. I did however continue to watch the stock. When it dropped down to $30 in October, I bought more. I sold all my stock in Stamps.com at the end of November at $90 a share.
Those of you who are investment educated, this story might not seem like anything great. For me its been a miracle. We plan to use half to buy a house and I will reinvest the other half. I did give my mom's housekeeper $1,000 for her daughter's surgery, I figure the money was come by so easily I better be charitable with it. My mother has a death grip
on it for fear I will give it all away (I have done this before).
So ipo.com was a real gift to me and I couldn't have done it without them. Had the site been difficult to navigate or understand I would have left right away. I hope I continue to do well with my investments, I would love it if my husband could stop breaking his back 80 hours a week at a job he hates and retire early. Who knows :)
Recommended:
Yes
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Epinions.com ID:
bargainjunkie
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Member: Andrea
Location: Mesa, AZ
Reviews written: 68
Trusted by: 119 members
About Me:
Mom to three boys & a 3 Year Old Daughter! Need I say more....
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