I am not really sure if we would have made great money if we had bought in 2000. See this:
http://www.moneycontrol.com/news/market-outlook/ramesh-damani-demystifies-money-making-maxims_513554.html

there were only 2 bonuses since 2000:

Jul 13 2006     1:1 Bonus

Jul 4 2004     3:1 Bonus

there were no stock splits. This means the adjusted price would be one eight the price in 2000. In Q1 of 2000, the price was Rs. 12,000. which is 1500 at current prices.

Just wanted to share following info with all of you:

 

 

It came with an IPO in 1993 at the price of Rs. 95. Everybody who applied got the shares. Many missed the Diamond opportunity by not applying.  Suppose that a person applied for 100 Shares. It would cost him Rs. 9500. Let us assume that he is holding the same position till today. What will be the value now?

Let us calculate.

Remember that in these 17 years Infosys would have offered many dividends. Let us keep this aside and calculate the value of shares alone.

Soon after IPO, Infy  gave 1:1 bonus in 1994. So, our 100 shares will be 200 in 1994. Again they gave 1:1 bonus in 1996. That will take the count to 400 shares. And again in 1998 they offered bonus of 1:3 shares. That will take our count to 1600 shares.

In 2000, they split the stocks (Rs. 10 FC to Rs. 5 FC). This will take our count to 3200 shares. In 2004, again they announced 1:1 bonus. It will take our count to 6400 shares. Recently, in 2006 they gave bonus shares in the ratio of 1:1. Now, the count of ours would be 12800.

On 11/10/2010, I checked the CMP of Infosys. It’s Rs. 3070. So, what will be the value of our shares?

12800 x 3070 = Rs. 3,92,96,000 Yes, its Three Crores Ninety two Lakhs Ninety Six Thousand only.

What other investment would have taken to this level? Real-Estate? Bank Deposit? Gold? I don’t think so. A Bank deposit of Rs. 9500 in the same year at the rate of 12% would have hardly fetched us Rs.60,000 by this time.

Originally posted by paps3535 Just wanted to share following info with all of you:     We all know about the growth story of Infosys. How about the stock? Let’s find out. Infosys was founded by Narayana Murthy along with some others in 1981. It came with an IPO in 1993 at the price of Rs. 95. Everybody who applied got the shares. Many missed the Diamond opportunity by not applying.  Suppose that a person applied for 100 Shares. It would cost him Rs. 9500. Let us assume that he is holding the same position till today. What will be the value now? Let us calculate. Remember that in these 17 years Infosys would have offered many dividends. Let us keep this aside and calculate the value of shares alone. Soon after IPO, Infy  gave 1:1 bonus in 1994. So, our 100 shares will be 200 in 1994. Again they gave 1:1 bonus in 1996. That will take the count to 400 shares. And again in 1998 they offered bonus of 1:3 shares. That will take our count to 1600 shares. In 2000, they split the stocks (Rs. 10 FC to Rs. 5 FC). This will take our count to 3200 shares. In 2004, again they announced 1:1 bonus. It will take our count to 6400 shares. Recently, in 2006 they gave bonus shares in the ratio of 1:1. Now, the count of ours would be 12800. On 11/10/2010, I checked the CMP of Infosys. It’s Rs. 3070. So, what will be the value of our shares? 12800 x 3070 = Rs. 3,92,96,000 Yes, its Three Crores Ninety two Lakhs Ninety Six Thousand only. What other investment would have taken to this level? Real-Estate? Bank Deposit? Gold? I don’t think so. A Bank deposit of Rs. 9500 in the same year at the rate of 12% would have hardly fetched us Rs.60,000 by this time.

So True. I am perfect example. I just could not wait to take some money off the table and in Hawkins as soon as it started cooking some profits.
Since it is a cooker company, it even cooks the profits really fast.
I can see the same dilemma faced by other investors in other stocks hitting new highs. I guess it is a new experience for most of us and we get scared of losing the gains we see on paper. TO quote from a post by Basantji on another thread.

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Jesse Livermore- “Men who can be both right and sit tight are uncommon. I found it the hardest things to learn. But it is only after an investor has firmly grasped this that he can make big money. It is literally true that millions come easier to a trader (investor) after he knows how to trade then hundreds did in the days of his ignorance”

Reminisces of a Stock Operator – Edwin Lefevre

I call these sentences the thirteen commandments. Every investor, trader needs to go through them. These gospels from the master trader summarize the book.,
·        Never act on tips.
·        Never buy a stock because it has had a big decline from its previous high.
·        If a stock doesn't act right don't touch it; because, being unable to tell precisely what is wrong, you cannot tell which way it is going. No diagnosis, no prognosis. No prognosis, no profit.
·        Don't blame the market for your losses. Never add to a losing position. A losing position means you were wrong.
·        Stocks are never too high for you to begin buying or too low to begin selling. But after the initial transaction, don't make a second unless the first shows you a profit.
·        Always sell what shows you a loss and keep what shows you a profit.
·        Don't argue with the tape. Do not seek to lure the profit back. Quit while the quitting is good--and cheap.
·        There is only one side to the stock market; and it is not the bull side or the bear side but the right side.
·        The speculator's chief enemies are always boredom from within.
·        A man must believe in himself and his judgment if he expects to make a living at this game.
·        Bulls and bears make money, but pigs get slaughtered
·        Markets are never wrong. Opinions are!

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Originally posted by LearningToFly More than spotting a company, how many of us have perseverance to wait for 18 years.