Ravenwood - 04/03/04 04:30 PM
Some of the worthless pieces of crap people sell on e-bay never cease to amaze me. Here some moron is trying to sell a share of Webvan stock, from the now defunct internet grocer, for a whopping $24. Right before Webvan went under, you could have gotten a share for less than 10-cents on the stock market.
But you can't buy them any more, and they're quite a story, no? It's a collector's item!
By the way, a share is a dime, but to get a brokerage house to issue you a share is something like $20 or $30. So you'd pay a dime for the share, $7 or more (it's an odd lot, after all) for the transaction, and then the fee for sending you the certificate. Suddenly, you're talking real money.
There's a company that will buy a single share and mail it to you; I thought it was a bit pricey at the price they charged (which I forget by now), but I priced out doing it on my own and was not impressed, either.
Posted by: Brian J. at April 3, 2004 11:27 PMIt's your money. Have at it.
Posted by: Ravenwood at April 4, 2004 11:33 AMNo, thanks.
My investment strategy relies more heavily on buying stocks before they're worthless and letting them ripen into collectibles.
Posted by: Brian J. at April 5, 2004 7:52 PM(c) Ravenwood and Associates, 1990 - 2014
