On 19 December 2003, Zelmo Zeroman accidently bought some Red Hat (RHT) stock at $16.87 per share. He decided to hold onto the shares because he believed Red Hat as a good long term investment. It took almost seven years for the accidental buy to double. At the of 2015 the RHT shares had increased by a multiple of five.
12/19/2003: $ 16.87 [accidental buy] 09/01/2010: $ 36.35 [accidental double at $33.74] 10/27/2011: $ 50.61 [accidental triple] 12/19/2014: $ 67.48 [accidental quadruple] 12/30/2015: $ 84.35 [accidental quintuple] ??/??/????: $101.22 [accidental sextuple?] ??/??/????: $118.09 [accidental septuple?] ??/??/????: $134.96 [accidental octuple?] ??/??/????: $151.83 [accidental nonuple?] ??/??/????: $168.70 [accidental decuple?] 05/16/2019: $185.57 [accidental undecuple]
IBM agreed to buy Red Hat for $190 per share, so this story is done.
Creator: Gerald Thurman
[gthurman@gmail.com]
Created: 03 January 2016 (posted 04 January 2016)