Posts by ropata

  • Stories: The Internet,

    @Russell,
    Re: your Solution 6 story, http://publicaddress.net/system/topic,1304,stories_the_internet.sm?p=65842#post65842

    I worked for those guys in Auckland for a couple of years, '98-'00
    I knew a lot of people caught up in the dotcom frenzy buying up wayyy too many shares in Sol6. Even though the BBC's chief financial reporter advised people to get out of the market ASAP, people just wanted to believe that the law of gravity no longer applied. We congratulated ourselves as our $1.50 share option soared to $3.50, $7.00, $15.00.
    Then Chris Tyler and the other directors began dumping their shares, I think Tyler made $100 mill. I held on and hoped, as the shares dropped and dropped. I got out when they dipped below $3. My colleagues were still buying them up! I could have made a few thousand, in the end I got only a few hundred out of it. But a lot of my friends were badly burned. After losing money in 87, then seeing the dotcom bubble, and now the egregious US mortgage crisis, I've pretty much lost all trust in the sharemarket shysters. The insider traders are running the whole frikkin circus.

    Noo Zild • Since Sep 2008 • 1 posts Report