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Tuesday, October 1, 2013

Cuban Sold Stock To Avoid Getting 'Screwed,' SEC Lawyer Tells Jury

Cuban Sold Stock To Avoid Getting 'Screwed,' SEC Lawyer Tells Jury

Posted by blogger at 10:44 PM

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Read and Grow Rich

Forbes' 2013 top 5 billionaires

Carlos Slim: $73 billion, telecommunications

Bill Gates: $67B, Microsoft

Armancio Ortega: $57, Zara International

Warren Buffett: $53.5B, Berkshire Hathaway

Larry Ellison: $43B, Oracle

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Mark Cuban's Facebook Trade

Mark Cuban's
May 2012 Facebook Trade

Long 150,000 shares
(bought) average cost per share $32.49
total cost $4,873,500

SOLD 150,000 - June 2012
currently flat FB
Net Loss: $200,000+

Facebook Inc (NASDAQ:FB)

5/31/12 close $29.60
6/29/12 close $31.10

"It was gambling money, to be honest with you. Any time you try to time the market, you get what you deserve. Sometimes you're right. Sometimes you're wrong. This time I was wrong."
- Mark Cuban

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Bill Gates launches Vista in London:::Vista Launch British Library (creative commons)

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