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#1
posted to rec.boats.cruising
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Go Lehman GO!
I did it AGAIN! Love the ride.
Friday, just as she started a little pop off 10c/share on the pink sheets, I held my breath and punched [RETURN], dumping the $1800 balance in my Ameritrade account into Lehman Brothers at 11c/share. It got to 40c/share but has slacked off to about 30c today, tripling my money before the tax bureaucrats show up for their half....(c; It worked this way with Enron. It also worked with Worldcom! Now some Asians are gonna buy up some assets they like. Might make 50c/share on MONDAY after the idiots in DC bail out the billionaire bankers. This is more fun than a roller coaster!....(c; "Those shares are useless! SELL them to me cheap!" What a country!.....(c; Las Vegas is nowhere near as much fun as the Pink Sheets.... |
#2
posted to rec.boats.cruising
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Go Lehman GO!
On Fri, 26 Sep 2008 22:47:12 +0000, Larry wrote:
Las Vegas is nowhere near as much fun as the Pink Sheets.... What is the bid and asked spread ? |
#3
posted to rec.boats.cruising
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Go Lehman GO!
Wayne.B wrote in
: On Fri, 26 Sep 2008 22:47:12 +0000, Larry wrote: Las Vegas is nowhere near as much fun as the Pink Sheets.... What is the bid and asked spread ? a few pennies....(c; Hey, this is the PINK SHEETS where they put the dirty laundry! |
#4
posted to rec.boats.cruising
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Go Lehman GO!
On Sat, 27 Sep 2008 00:21:23 +0000, Larry wrote:
Wayne.B wrote in : On Fri, 26 Sep 2008 22:47:12 +0000, Larry wrote: Las Vegas is nowhere near as much fun as the Pink Sheets.... What is the bid and asked spread ? a few pennies....(c; Hey, this is the PINK SHEETS where they put the dirty laundry! The bid and ask spread on penny stocks is like the house advantage in Vegas. Between the spread and commissions, the house will get you every time in the long run. |
#5
posted to rec.boats.cruising
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Go Lehman GO!
On 2008-09-26 18:47:12 -0400, Larry said:
I did it AGAIN! Love the ride. Friday, just as she started a little pop off 10c/share on the pink sheets, I held my breath and punched [RETURN], dumping the $1800 balance in my Ameritrade account into Lehman Brothers at 11c/share. It got to 40c/share but has slacked off to about 30c today, tripling my money before the tax bureaucrats show up for their half....(c; CONGRATS! Just don't begin to assume all your "feelings" are right. Invest or not dispassionately. If you have an emotional connection, you probably should hold tight or choose something else. I've been programming that biz since 1980 and have seen some spectacular crashes. -- Jere Lull Xan-à-Deux -- Tanzer 28 #4 out of Tolchester, MD Xan's pages: http://web.mac.com/jerelull/iWeb/Xan/ Our BVI trips & tips: http://homepage.mac.com/jerelull/BVI/ |
#6
posted to rec.boats.cruising
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Go Lehman GO!
Wayne.B wrote in
: Between the spread and commissions, the house will get you every time in the long run. You don't trade online for $7? |
#7
posted to rec.boats.cruising
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Go Lehman GO!
Jere Lull wrote in news:2008092700580375249-
jerelull@maccom: I've been programming that biz since 1980 and have seen some spectacular crashes. The bankers are cookin' the books to have the ultimate crash, worse than 1929, in collusion with those *******s in the government who are working overtime this weekend to make sure JP Morgan/Chase and the other megabanks have enough cash in hand to buy out the little banks going belly up, WaMu style, for pennies on the dollar....just like they did in 1921 and 1929 and......the other smaller crashes they all took great benefit from at taxpayer expense. It's all a sham, just like 9/11. Trillions have simply vanished into thin air. But you know that's not true. Trillions have simply CHANGED HANDS to the residents of the City of London Corporation....but super rich, same as always. |
#8
posted to rec.boats.cruising
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Go Lehman GO!
On 2008-09-27 11:10:04 -0400, Larry said:
It's all a sham, just like 9/11. Trillions have simply vanished into thin air. But you know that's not true. Trillions have simply CHANGED HANDS Trillions never existed, were only numbers on a spreadsheet created out of pretty much thin air. The market goes up, the market goes down. The value of my portfolios go up, they go down. I gain/lose nothing until I sell. I can not count the number of times I counseled nervous friends in a down market that the market will probably rebound; if they cash out, they lock-in the paper losses. My ex ignored me as her 10k investment dropped to 7.5k. She locked in that loss. Had she sat on her hands, she could have realized a 10k gain just a year later. Should the entire economy tank and we go into a depression, my investments and house will have the same value relative to the price of bread, about the only true measure. I'm currently deciding where to invest my severance. It won't be under the mattress. -- Jere Lull Xan-à-Deux -- Tanzer 28 #4 out of Tolchester, MD Xan's pages: http://web.mac.com/jerelull/iWeb/Xan/ Our BVI trips & tips: http://homepage.mac.com/jerelull/BVI/ |
#9
posted to rec.boats.cruising
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Go Lehman GO!
"Jere Lull" wrote in message
news:2008092716442316807-jerelull@maccom... On 2008-09-27 11:10:04 -0400, Larry said: It's all a sham, just like 9/11. Trillions have simply vanished into thin air. But you know that's not true. Trillions have simply CHANGED HANDS Trillions never existed, were only numbers on a spreadsheet created out of pretty much thin air. The market goes up, the market goes down. The value of my portfolios go up, they go down. I gain/lose nothing until I sell. I can not count the number of times I counseled nervous friends in a down market that the market will probably rebound; if they cash out, they lock-in the paper losses. My ex ignored me as her 10k investment dropped to 7.5k. She locked in that loss. Had she sat on her hands, she could have realized a 10k gain just a year later. Should the entire economy tank and we go into a depression, my investments and house will have the same value relative to the price of bread, about the only true measure. I'm currently deciding where to invest my severance. It won't be under the mattress. Well, that might not be true... if you have money in stocks, say a mutual fund, and we have a depression where the companies go out of business, the stock will become worthless. While it's true that your house will always retain some value, this also depends on who actually owns the house. If it's free and clear, then you only have to pay taxes and utilities. If the bank owns the house, you become unemployed because the company went out of business or cuts way back, etc., then you'll have trouble making your mortgage payment. If enough of the big banks fail, e.g., WaMu (currently) and BofA, then you won't have access to money. During the Depression, my father and grandfather owned their own business. Even though there wasn't any work, they still went to the building in Manhattan owned it outright), which was a ferry ride away. I don't recall how much they paid for the ferry crossing, but I do remember my father telling me that if they didn't bring something to eat, then they each brought a nickel to buy something, typically cow-kidney sandwiches with a little mustard. At one point, a customer wanted something made, but the material was on the other side of town. So, my father hiked across town, picked up the steel, put it on his back, and hiked back, which took him most of the day. They worked all night to get the work done, and ate the remaining sandwich, splitting it for dinner. He told me that they make about $20, which was a fortune at the time. -- "j" ganz @@ www.sailnow.com |
#10
posted to rec.boats.cruising
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Go Lehman GO!
On 2008-09-27 17:13:36 -0400, "Capt. JG" said:
"Jere Lull" wrote in message news:2008092716442316807-jerelull@maccom... Should the entire economy tank and we go into a depression, my investments and house will have the same value relative to the price of bread, about the only true measure. Well, that might not be true... if you have money in stocks, say a mutual fund, and we have a depression where the companies go out of business, the stock will become worthless. That portion of the mutual fund would become worthless, but a broadly-based mutual fund will track what its based upon. I'm tending towards index funds that "blindly" invest in every company in, for instance, the Fortune 500. THAT could become worthless only if ALL those companies went out of business. If that happens, we will have worse things to worry about. While it's true that your house will always retain some value, this also depends on who actually owns the house. Ours has been free and clear since '85, courtesy of my parents who married in '35. -- Jere Lull Xan-à-Deux -- Tanzer 28 #4 out of Tolchester, MD Xan's pages: http://web.mac.com/jerelull/iWeb/Xan/ Our BVI trips & tips: http://homepage.mac.com/jerelull/BVI/ |
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