What Did You Buy Today?

[fenders53]

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(07-29-2021, 08:35 AM)ken-do-nim Wrote: I used to buy Merck back in the late 90s on a monthly basis.  I recall the stock price was in the 60s.  Oh look, 20+ years later, it's finally in the 70s

It doesn't look like MRK was in 60s range in 90s : there were a few splits
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Um, I don't think so.  Yahoo Finance accounts for splits in its charts, and I do recall starting to buy early 1998 when it was in the 50s, then into the 60s in 1999.  It would be good to know if yahoo finance is wrong.


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I think it's been Pfizer's twin as it ran to the moon in the late 90s.  Not like it was a terrible company, just fools paying triple or more the normal and wondering why they were victimized.    I did the same with PFE and a few other stocks. You repeatedly pay a 60 PE for a mature company you get what you asked for eventually.  Hard lessons.