konceptjones
New member
somewhere between 1990 and 1991 Atari was trading on AMEX for something like $0.12/share. They had numerous failed machines and a shitload of vaporware projects that kept getting anounced then shelved (like the Atari Panther and Sparrow consoles, several 8 bit machines, and Atari ST variants) so their public image was shitty as fuck. Nobody fucked with Atari except for the handful of people that bought the Lynx handheld (edit: I was fuckin with Atari heavy 'cause I owned Atari 800XL and 520ST computers plus previously owned an Atari VCS) . I kept saying to myself "I need to get in on that and snatch up a few thousand shares". Every paycheck I kept saying "yeah, next week I'mma call up a broker and get in on Atari. Every income tax return I kept saying "yeah, I'mma get that Atari stock after I buy these kicks and get some new fits from Oaktree/Chess King/etc and drop a few dollars at the titty bar.
I never bought that stock.
Summer of 1993 rolled around; June 28th to be exact. Atari inked a $500M deal with IBM to manufacture the Atari Jaguar console. The next day Atari stock was trading at around $13/a share.
If I had got in on that stock with $10K over time, I would have been sittin on about 80K shares of stock... and I would have had just over $1,000,000 had I cashed out on that day. With proper investing in other companies (Sun Microsystems, Cisco, Microsoft, SGI, etc), and subsequent cash-outs, I'd likely still be living off that money.
I never bought that stock.
Summer of 1993 rolled around; June 28th to be exact. Atari inked a $500M deal with IBM to manufacture the Atari Jaguar console. The next day Atari stock was trading at around $13/a share.
If I had got in on that stock with $10K over time, I would have been sittin on about 80K shares of stock... and I would have had just over $1,000,000 had I cashed out on that day. With proper investing in other companies (Sun Microsystems, Cisco, Microsoft, SGI, etc), and subsequent cash-outs, I'd likely still be living off that money.
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