Updated from 11:30 a.m. EDT
I have a framed handwritten letter written by John L. Sullivan, former heavyweight champion of the world from the 1880s. He says to his friend in the letter: "While ascending the Hill of Prosperity may you never meet an old friend coming down."
This is a great quote, and you only learn it from experience. So many stocks have fallen hard in the past few months -- and with them, the wealth and stockholder happiness that they'd created -- that you have to sit back and wonder:
Do things cycle? Will these stocks -- and all of us -- have the energy and wherewithal to come back again?
Here are three stocks that have been beaten so badly, whose shareholders have been so harshly burned, that one will need dental records to identify the remains.
At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.
James Altucher is president of
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and the author of
Trade Like a Hedge Fund
Trade Like Warren Buffett
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