I Left 20 Million on this Table

 Here is a picture of the buys I executed on Priceline ($PCLN) starting in 2001.

 

The stock reverse split 6 to 1 in June of 2003. I spent about $300,000 to buy the equivalent of 20,000 shares post-split ($15 per share). I sold the stock in the 40s. 

 

If you ever wonder why I sit on my positions for a very long time now you know. If you have the ability to get yourself involved with securites that have tons of potential, by all mean, just sit on your ass and do nothing. 

 

And please, don't weep for me, I did very very well in other Internet stocks that I bought during the same bear market and that I am still holding.

 

Written by Michael Bigger. Follow me on Twitter and StockTwits.