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  #1  
Old 06-10-2008, 11:51 AM
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Default Stock Market

Anyone here play the markets?
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Old 06-10-2008, 09:04 PM
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my dad bought a bunch of the S$P spiders when they were really cheap in 2003 I think he got in just over 80 and he has been holding them ever since.

not exactly sure, but I think he got the ones that were on AMEX: symbol SPY

I just looked and it looks like they are around 135 now, so that has worked out for him.
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  #3  
Old 06-10-2008, 09:11 PM
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I think we could be in for a bit of a tumble.
India is taking it on the chin....sold my position ....early in the year.
The stock market is not for the weak of heart.
I wear a pacemaker....

I have looked at SPY..
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Old 06-11-2008, 08:35 AM
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I don't want to talk about it! OK well if you insist....

Every employee at work gets 500 "stock options" purchased for them for each of thier first 4 years when they get hired. After you've been there a year your first 500 options come due. From that point on you can "cash out" any time you like for the difference between what your options were purchased for and what they are at at the moment...

In the beginning of Feb my options were worth $2500.00... I don't know how rich you people are, but that's a ton of money to me... by the time March 1 rolled around, the "morgage crisis" had hit in the states and options plumitted to the point where I would have had to pay money to exercise them...

So I figure "no big rush" we've got a radio spectrum auction coming up in June, if the company buys up a bunch of spectrum to set up a cell phone service that will push stocks up by at least a couple of bucks... shows what I know... we're bidding like crazy, winning lots of blocks so far, but stocks are plumiting again... apparently investors are concerned that developing that spectrum is going to take hundreds of millions of dollars that would otherwise go into dividends... greedy b--terds...

Anyway... I guess I'll just forget what they used to be worth... and stop paying attention all together I guess..
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Old 06-11-2008, 06:26 PM
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Welcome aboard...
I am always open to 'real good stock tips..... and insider trading info.
My eyes are playing tricks on me...first I thought I saw $250,000...I thought big player
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Old 06-11-2008, 07:04 PM
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Quote:
...first I thought I saw $250,000...I thought big player...
I don't even know how to read numbers that big :-)... If you saw me limping my beater car to work and back you _wouldn't_ be thinking "big player" I promise you.
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Old 06-11-2008, 07:09 PM
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...ok then..small player
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Old 06-14-2008, 12:54 PM
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I have been doing some scale trading,

that's where you buy stocks or futures and then as they drop you just keep buying more. then with any luck they go back up and you make some money.

so far it's kind of been working... a little.
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Old 06-14-2008, 02:15 PM
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Sorta....
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Old 06-14-2008, 05:20 PM
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I invest in slinkys and marshmallows, I see a good future in those.
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