vasudeva
Bad Taste in your Mouth   SSHOLE |
Posts: 4360 Registered: 3/8/2002 Offline
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6/4/2005 at 21:45 |
Again.
Shit keeps climbing, then splitting, then climbing more.
A+++++. EXCELLENT BUYING EXPERIENCE, FAST SHIPPING.
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mundhra: And its crocobody is made of dile.
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metatron
Fighting The Good Fight ™  SSHOLEPosts: 463 Registered: 4/12/2002 Offline
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6/4/2005 at 23:06 |
SELL!
your soul
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"it's water out of your body" - vasudeva |
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GAYBOB
Tender vittles  Posts: 48 Registered: 11/8/2004 Offline
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6/5/2005 at 00:13 |
an HMO ??!!
you are a bad, bad man (lol)
wanna cyber?
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spammin' for moby, and hopin' you'll blow me |
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dragonstaff
Too old to Rock and Roll...too young to die  SSHOLEPosts: 739 Registered: 8/19/2004 Offline
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6/5/2005 at 00:51 |
Bubble will burst one day. A good dose of plague should do it.
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The Grumpiest Alpha
To surrender to ignorance and call it God has always been premature, and it remains premature today. - Isaac Asimov |
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ghostrider
liberal exit  SSHOLEPosts: 2382 Registered: 7/29/2004 Offline
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6/5/2005 at 04:05 |
stock splitting is gud biznazz, but not fer the shareholders.
when the whole shebang collapses and teh world goes bust, i'll sell you some corn and beans.
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Kitty was thinking last night that some of the friendships that schnookums've forged here in the last several months are friendships that will last a lifetime. ~ nocal
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Uart
DARTH MENSES  Posts: 1228 Registered: 3/5/2005 Offline
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6/5/2005 at 06:33 |
ghostrideryyz: stock splitting is gud biznazz, but not fer the shareholders.
How is it not good for the shareholders? It makes it easier to sell your investment -- its much easier to cash out of two $50 shares than one $100. Also, usually the split share prices go up further. So, instead of having one $100 share, you now have two $60 shares (or something), a gain of $20.
Tell me why I am wrong please? |
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vasudeva
Bad Taste in your Mouth SSHOLEPosts: 4360 Registered: 3/8/2002 Offline
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6/5/2005 at 15:01 |
For sure. Just like the Dow hitting 10K, there's a perception of momentum and value, and peoples' perceptions are massively important.
UNH stock being worth $110 seems high to some, but if it splits at $100, turns to $50 a share, then those shares climb back to $100, I've just made $50 a share without people screaming on the message boards that "this ones gunna tank, take my word 4 it!!!!!" |
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ghostrider
liberal exit SSHOLEPosts: 2382 Registered: 7/29/2004 Offline
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6/5/2005 at 15:43 |
god knows that i'm no economic genius, but i have always been under the impression that a stock split is a devil's deal to artificially inflate the value of stock.
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Kitty was thinking last night that some of the friendships that schnookums've forged here in the last several months are friendships that will last a lifetime. ~ nocal
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Uart
DARTH MENSES Posts: 1228 Registered: 3/5/2005 Offline
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6/5/2005 at 15:52 |
ghostrideryyz: god knows that i'm no economic genius, but i have always been under the impression that a stock split is a devil's deal to artificially inflate the value of stock.
Well, that's what Warren Buffett would have you believe, but he's an idiot. He really should have followed his cousin Jimmy's lead, all the way to Margaritaville. |
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vasudeva
Bad Taste in your Mouth SSHOLEPosts: 4360 Registered: 3/8/2002 Offline
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6/5/2005 at 15:56  |
ghostrideryyz: god knows that i'm no economic genius
Maybe not, but you are a Jew, so I'm listening like you was EF Hutton and whatnot.
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mundhra: And its crocobody is made of dile. |
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Uart
DARTH MENSES Posts: 1228 Registered: 3/5/2005 Offline
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6/5/2005 at 17:02 |
vasudeva: so I'm listening like you was EF Hutton and whatnot.
My Dad worked for EF Hutton (the company) back in the day. They were involved with the mafia (they delivered laundered money in Pizza boxes). Also, they ripped off smaller banks through check-kiting schemes and did all kinds of other illegal stuff.
They no longer exist.
[Edited on 5/6/2005 by Uart] |
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mundhra
dread pirate neckbeard  SSHOLEPosts: 1600 Registered: 3/25/2002 Offline
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11/16/2006 at 17:48 |
looks like yo shit is tapering off, g.
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But the whole of modern so-called civilized existence is an attempt to deny reality insofar as it exists. When did Don last look at the stars, when did Norman last get soaked in a rainstorm? |
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vasudeva
Bad Taste in your Mouth SSHOLEPosts: 4360 Registered: 3/8/2002 Offline
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11/16/2006 at 17:55 |
It's been down a good bit ever since the whole options backdating scandal. In response, they've fired McGuire, the CEO who presided over the incredible cash-dollaz natal boom of the company.
A lot of people seem to think it's still a really good company -- people who don't have much investment in it already are just being hesitant. It'll get back up there. It hasn't been that solid a choice for that long for no reason.
Kind of odd to think that when I got into the employee stock ownership thing, they gave me that backdating option as well. It was a routine (but totally sweet) part of an entity selling you its assets, giving you a discount for being an employee. A lot of people felt a billionaire CEO shouldn't take advantage of it, I guess, and it's that perception that has made the stockprice kind of tread water lately.
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mundhra: And its crocobody is made of dile. |
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Crackalackin
SENATOR BABYHEAD  Posts: 373 Registered: 7/19/2004 Offline
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11/16/2006 at 18:07 |
You need to invest in more UNF!
UNF!
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Steel
If you want to keep your tongue, don't lick me in the Winter!  SSHOLEPosts: 479 Registered: 10/14/2004 Offline
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11/16/2006 at 18:49 |
Stock splitting is actually a clever ploy to allow more people to buy stock. Generally you have to buy in minimum lumps of 10.
Well if a stock never split, some folks would have a hard time buying at $300 a share 
It's a nice way to let the poor/black man dabble in the marketplace |
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Uart
DARTH MENSES Posts: 1228 Registered: 3/5/2005 Offline
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11/16/2006 at 21:54 |
Steel: It's a nice way to let the poor/black man dabble in the marketplace
That's why I am pro-split. I want to invest too, but without splits, only tiny companies would be affordable investments for the average man. This way, everyone can invest -- does it really inflate the price? Possibly. However, almost every company trades at a premium to their earnings -- thats what you need to look at -- in most cases that premium is pretty reasonable. Warren Buffett is an elitist prick (moreso than me). |
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