Alexandoy
VIP Contributor
This is about our first experience in buying stocks of a company called Piltel which is the distributor of pagers. When I bought a pager that I used for my retailing business the company had forced us a bundled sale of the pager with their stocks worth 6,000 pesos ($120) that was big money for us during that year of 1994. It was unfortunate that I was in a hurry to have the pager that I did not give myself the benefit of research. That was the time when the cellphone was born.
After a year we bought a Motorola cellphone to alternate with the pager. Unfortunately for our investment in stocks, the market price of Piltel was dropping fast that in less than a year the value of our stocks was only 300 pesos. It was a disaster of investment but a big lesson for us.
After a year we bought a Motorola cellphone to alternate with the pager. Unfortunately for our investment in stocks, the market price of Piltel was dropping fast that in less than a year the value of our stocks was only 300 pesos. It was a disaster of investment but a big lesson for us.