NEW YORK ( TheStreet) -- I'm not sure I'll ever understand why people can't just forget about 1999.If you're an investor, you'll hurt yourself more hanging on to bad memories of the dot.com era than you will letting them go. I swear every bear who talks down a company such as Facebook ( FB) suffers from post-traumatic stress. Case in point: The nonsensical Barrons hit piece from September that set a $15 price target for FB. Now we've got at a $30 stock -- up roughly 49% since then -- and visioning Facebook at $100 no longer seems so absurd. BRCD)) and Harry Silverglide from the still-independent Extreme Networks ( EXTR). Check out the chart on that bad boy Extreme: EXTR data by YCharts
Guys like Shackleton and Silverglide became instant IPO millionaires. Plenty of retail investors (like me) chased stocks such as FDRY and EXTR losing money in the process. You're going to blame a so-called "bubble" because you broke Investing 101 rule number 9, Never chase an IPO? AMZN), a company that pioneered an entirely new category and will be around forever. The late 1990s/early 2000s period also fueled other game-changing spaces such as search and social media. I look back on those days with a nostalgic fondness and very little pain, remorse or regret.