During the Boom days of the early 1980's there was almost an intoxiacting feeling of uphoria. I knew a lot of folks who were wiped out by Enron, but there were alot of other people who were almost stripped of all their worldy possessions.
Some were the employees and management of Delta Drilling. It had been 'blowing and going' for some time.
Their employees bought Delta stock, put their 401K in Delta Stock, and had all their eggs in one basket.
When the oil prices cashed, they lost their jobs, their 401k, and the Delta stock they had bought in other accounts. It was devastating and I am surprised there weren't some suicides from that event. Most of us just lost our jobs. It was a blessing to me, after getting over not having a job to go to, anyone to talk to, my telephone didn't ring, and such. However, I would probably never gone into the brokerage business with Merrill Lynch if this had not happened. In the long run I was much better off. Brokerage has a lot of stress, but I knew how to handle that. Just Sayin...RJS
Billycrap2
Loc: Mason county,W(BY GOD) Virginia, πΊπΈπ¦
Robert J Samples wrote:
During the Boom days of the early 1980's there was almost an intoxiacting feeling of uphoria. I knew a lot of folks who were wiped out by Enron, but there were alot of other people who were almost stripped of all their worldy possessions.
Some were the employees and management of Delta Drilling. It had been 'blowing and going' for some time.
Their employees bought Delta stock, put their 401K in Delta Stock, and had all their eggs in one basket.
When the oil prices cashed, they lost their jobs, their 401k, and the Delta stock they had bought in other accounts. It was devastating and I am surprised there weren't some suicides from that event. Most of us just lost our jobs. It was a blessing to me, after getting over not having a job to go to, anyone to talk to, my telephone didn't ring, and such. However, I would probably never gone into the brokerage business with Merrill Lynch if this had not happened. In the long run I was much better off. Brokerage has a lot of stress, but I knew how to handle that. Just Sayin...RJS
During the Boom days of the early 1980's there was... (
show quote)
Yep ππ½ you was a smart cookie ππ½ππ½
Robert J Samples wrote:
During the Boom days of the early 1980's there was almost an intoxiacting feeling of uphoria. I knew a lot of folks who were wiped out by Enron, but there were alot of other people who were almost stripped of all their worldy possessions.
Some were the employees and management of Delta Drilling. It had been 'blowing and going' for some time.
Their employees bought Delta stock, put their 401K in Delta Stock, and had all their eggs in one basket.
When the oil prices cashed, they lost their jobs, their 401k, and the Delta stock they had bought in other accounts. It was devastating and I am surprised there weren't some suicides from that event. Most of us just lost our jobs. It was a blessing to me, after getting over not having a job to go to, anyone to talk to, my telephone didn't ring, and such. However, I would probably never gone into the brokerage business with Merrill Lynch if this had not happened. In the long run I was much better off. Brokerage has a lot of stress, but I knew how to handle that. Just Sayin...RJS
During the Boom days of the early 1980's there was... (
show quote)
Great opportunity for you. It added to all of your great experiences in your life.
I was roughnecking for Delta on Rig #61 from β71 to β73.
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