Home |
Search |
Today's Posts |
#112
posted to rec.boats
|
|||
|
|||
Gas getting higher.
On Wed, 02 Mar 2011 21:06:22 -0500, Wayne.B
wrote: On Wed, 02 Mar 2011 13:20:54 -0800, jps wrote: I look at Wall Street like Jai Alai, You are never really sure what is going on and you don't really understand the rules but if you can bet with the smart money you can win. That may be true but smart one day can be idiotic the next. Lehman is out of busines. The game is rigged and Goldman has won, but that doesn't mean that your Goldman broker is anymore on the inside or working in your interests. They sold **** to their best customers in hopes of keeping their bonus checks coming. If you think Goldman is a smart player, and they are, why not buy part of the company? http://finance.yahoo.com/q/bc?s=GS&t=my You could have almost tripled your money in 10 years with buy and hold, much more if you'd traded around the dips. "traded around the dips" oh man, that's rich. You sound like a day trader. |
#113
posted to rec.boats
|
|||
|
|||
Gas getting higher.
On Wed, 02 Mar 2011 20:54:29 -0500, Wayne.B
wrote: On Wed, 02 Mar 2011 11:38:55 -0800, jps wrote: I know more about the equity markets than you'll ever know. That is highly unlikely but I'm not going to compare resumes with you in this forum. Suffice it to say that I spent 40 years in the industry. If that fails me, my youngest son is an ivy league MBA and CFA. Most of the valuations are bogus and financial reports are manipulated to match the analysts expectations. Really? There are people who would pay you very well if your findings are correct. Why not sell those companies short or buy put options? You're uninformed and sound like you worked at arm's length. The books are prepared to support the message, not reality. Perhaps you could cite some examples other than the outright frauds like Enron, and the recent fiasco with mortgage backed securities. Again, you sound naive. How many CFOs of publicly traded companies do you count as friends? The whole financial reporting practice of most firms is driven by maintaining or pushing the stock price. Numbers are regularly manipulated by booking altering revenue recognition, timing write offs, closing deals, etc. It's all to satisfy the analysts and expectations. The pressure for these departments to make the numbers right is extraordinary and it happens everywhere and in every industry. It's a rigged game that favors those with the tools to predict and the resources to manipulate. If you don't have the know how to study, predict and analyze you are definitely playing with half a deck. There's an old saying in poker that if you look around the table and can't figure out who the patsy is, it's probably you. You still think Wall Street is a safe gamble? You'd be better off in a casino betting on craps. Smart people took their cash out of the market in the late 1990s and never put it back in. Poor analogy. The market is not without risk but it is most definitely not a casino. The casino always wins - it is a mathematical certainty. The right way to think of the stock market is as a collection of companies in which you can individually assume a part ownership, or not. Would you want to own a piece of them all? Most certainly not. My investment returns since the late 90s are very substantial and there are many others who have done much better. Best odds in any gambling house is craps. The odds are as even as it gets. Maybe you'll be lucky enough to have a boat to live on when the next dump takes you to naught. Anyone who goes to naught in a crash is asleep at the wheel, and more than likely, poorly invested prior. Let's hope you're not one of them. |
#114
posted to rec.boats
|
|||
|
|||
Gas getting higher.
On Mar 3, 1:28*am, jps wrote:
On Wed, 02 Mar 2011 21:06:22 -0500, Wayne.B wrote: On Wed, 02 Mar 2011 13:20:54 -0800, jps wrote: I look at Wall Street like Jai Alai, You are never really sure what is going on and you don't really understand the rules but if you can bet with the smart money you can win. That may be true but smart one day can be idiotic the next. * Lehman is out of busines. *The game is rigged and Goldman has won, but that doesn't mean that your Goldman broker is anymore on the inside or working in your interests. *They sold **** to their best customers in hopes of keeping their bonus checks coming. If you think Goldman is a smart player, and they are, why not buy part of the company? http://finance.yahoo.com/q/bc?s=GS&t=my You could have almost tripled your money in 10 years with buy and hold, much more if you'd traded around the dips. "traded around the dips" oh man, that's rich. You sound like a day trader. Next to Wayne, you sound like a mental midget. How is the soft ware business fairing? Still floundering away? |
#115
posted to rec.boats
|
|||
|
|||
Gas getting higher.
On Mar 3, 1:37*am, jps wrote:
On Wed, 02 Mar 2011 20:54:29 -0500, Wayne.B wrote: On Wed, 02 Mar 2011 11:38:55 -0800, jps wrote: *I know more about the equity markets than you'll ever know. That is highly unlikely but I'm not going to compare resumes with you in this forum. * Suffice it to say that I spent 40 years in the industry. *If that fails me, my youngest son is an ivy league MBA and CFA. Most of the valuations are bogus and financial reports are manipulated to match the analysts expectations. Really? *There are people who would pay you very well if your findings are correct. * *Why not sell those companies short or buy put options? You're uninformed and sound like you worked at arm's length. The books are prepared to support the message, not reality. Perhaps you could cite some examples other than the outright frauds like Enron, and the recent fiasco with mortgage backed securities. Again, you sound naive. *How many CFOs of publicly traded companies do you count as friends? *The whole financial reporting practice of most firms is driven by maintaining or pushing the stock price. *Numbers are regularly manipulated by booking altering revenue recognition, timing write offs, closing deals, etc. *It's all to satisfy the analysts and expectations. *The pressure for these departments to make the numbers right is extraordinary and it happens everywhere and in every industry. It's a rigged game that favors those with the tools to predict and the resources to manipulate. If you don't have the know how to study, predict and analyze you are definitely playing with half a deck. * There's an old saying in poker that if you look around the table and can't figure out who the patsy is, it's probably you. You still think Wall Street is a safe gamble? *You'd be better off in a casino betting on craps. *Smart people took their cash out of the market in the late 1990s and never put it back in. Poor analogy. * The market is not without risk but it is most definitely not a casino. * The casino always wins - it is a mathematical certainty. *The right way to think of the stock market is as a collection of companies in which you can individually assume a part ownership, or not. * Would you want to own a piece of them all? Most certainly not. *My investment returns since the late 90s are very substantial and there are many others who have done much better. Best odds in any gambling house is craps. *The odds are as even as it gets. Maybe you'll be lucky enough to have a boat to live on when the next dump takes you to naught. Anyone who goes to naught in a crash is asleep at the wheel, and more than likely, poorly invested prior. Let's hope you're not one of them. It sounds like you are are one of them, or have been on the edge. You show experience of losing your ass. Wayne shows evidence of retiring comfortably and enjoying the fruits of his labour. |
#116
posted to rec.boats
|
|||
|
|||
Gas getting higher.
In article ,
says... On Wed, 02 Mar 2011 21:06:22 -0500, Wayne.B wrote: On Wed, 02 Mar 2011 13:20:54 -0800, jps wrote: I look at Wall Street like Jai Alai, You are never really sure what is going on and you don't really understand the rules but if you can bet with the smart money you can win. That may be true but smart one day can be idiotic the next. Lehman is out of busines. The game is rigged and Goldman has won, but that doesn't mean that your Goldman broker is anymore on the inside or working in your interests. They sold **** to their best customers in hopes of keeping their bonus checks coming. If you think Goldman is a smart player, and they are, why not buy part of the company? http://finance.yahoo.com/q/bc?s=GS&t=my You could have almost tripled your money in 10 years with buy and hold, much more if you'd traded around the dips. "traded around the dips" oh man, that's rich. You sound like a day trader. It's called market timing and it is a bad ivestment strategy. |
#117
posted to rec.boats
|
|||
|
|||
Gas getting higher.
In article 070a5f6e-8cd3-4ef1-8faf-b1e69305fb82
@o21g2000prh.googlegroups.com, says... On Mar 3, 1:28*am, jps wrote: On Wed, 02 Mar 2011 21:06:22 -0500, Wayne.B wrote: On Wed, 02 Mar 2011 13:20:54 -0800, jps wrote: I look at Wall Street like Jai Alai, You are never really sure what is going on and you don't really understand the rules but if you can bet with the smart money you can win. That may be true but smart one day can be idiotic the next. * Lehman is out of busines. *The game is rigged and Goldman has won, but that doesn't mean that your Goldman broker is anymore on the inside or working in your interests. *They sold **** to their best customers in hopes of keeping their bonus checks coming. If you think Goldman is a smart player, and they are, why not buy part of the company? http://finance.yahoo.com/q/bc?s=GS&t=my You could have almost tripled your money in 10 years with buy and hold, much more if you'd traded around the dips. "traded around the dips" oh man, that's rich. You sound like a day trader. Next to Wayne, you sound like a mental midget. How is the soft ware business fairing? Still floundering away? Maybe he should hire some programmers for his software business instead of buying fine German screwdrivers. |
#118
posted to rec.boats
|
|||
|
|||
Gas getting higher.
On Thu, 3 Mar 2011 07:20:56 -0500, BAR wrote:
It's called market timing and it is a bad ivestment strategy. That's true for the most part but one of my hard and fast rules is to never hold on to a falling stock. You can always buy it back later if you still like it. |
#119
posted to rec.boats
|
|||
|
|||
Gas getting higher.
On 3/3/2011 2:06 AM, wrote:
The Dems wimped out. Go away. |
#120
posted to rec.boats
|
|||
|
|||
Gas getting higher.
|
Reply |
Thread Tools | Search this Thread |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Forum | |||
Higher gas coming *sigh* | General | |||
Older FRP gas tanks may be at risk with ethanol gas formulations | General |