My cunning stock market plan... need info...read or die in squallor

[angry.bob]

Crap

Who are you fag, and why are you fagging up my thread? Go die in a stock fire.

To everyone else, thanks for the advice. The index fund thing sounds like the way for me to go, especially since I won't be needing the money in a serious way for another 30 years. I've also decided to put some money into an account for my new fetus to hopefully pay for the bulk of it's schooling.

Oh, and that penny stock I was talking about dropped to .03 that day and hasn't moved much since. So deciding to ask for advice delayed me enough to avoid losing the money.

[dusematic]

LOL.  I thought this might have been a joke at first given the sheer stupidity of your post coupled with the irony of the subject heading.  Why don't you just give Don Lepre a call?  He'll hook you up with a get rich quick scheme that has a greater chance of success.  Then again, who am I kidding, maybe your borderline pyschotic daily camping of this one penny stock has given you a deeper insight into the stock market rivaled only by the guy from NUMB3RS and Gordon Gekko.  Congratulations, you've discovered how to finally beat the system!

[UD_Delt]

You're missing the point.  However certain it is or isn't, unless you know something everyone else doesn't about EA's finances and prospects, that potential is already factored into the price.  Your money is made when your analysis of a company's future prospects differs significantly from the general analysis, by whit of having better information.

I would disagree with your last point. The analysts can say it's a great company, I can think it's a great company, it can be a great company and everyone will still make money by investing in it. You don't need to have a significant difference of opinion on a stock to make money on it.

The difference in perspective on EA is some play the general feel of the console cycle and some play pure financials. EA came up short on earnings this past year and possibly will miss again this year because people don't buy as many games during the transition years of consoles. That means sales are down in the short term which means the stock price will take a direct hit from what is happening NOW. That makes it a good time to get in before the installed base of the PS3 and 360 bring sales back up.

Yes, potential is factored in but so is the current state. Current state of EA right now is not good due to the transition. This will change be EOY '07.

[WindupAtheist]

I'm confuzzled by all this economic mumbo-jumbo.  If 25k shares cost $250 and the total volume is 290k shares, does that mean you could spend $1500 and own a controlling interest of some shitty company somewhere?  What the hell is it, a Bangladeshi lawn-moving service?

[angry.bob]

I'm confuzzled by all this economic mumbo-jumbo.  If 25k shares cost $250 and the total volume is 290k shares, does that mean you could spend $1500 and own a controlling interest of some shitty company somewhere?  What the hell is it, a Bangladeshi lawn-moving service?

An American, nationwide company who's COO was found guilty of shiftiness. I still see adds on TV from them everday, as well as radio, print, and concert/event sponsoring all over the place. Five years ago it's stock peaked over $100 a share, and was steady in the $40-50 range the rest of the time back into the mid 90's. Then news of the officer's dealings came to light and it dropped from $40-something to under a dollar in less than a month. A lot of people at the datacenter bought it when it hit a buck figuring that it would recover and they'd be millionaires when it did. Except it kept dropping to under a dime and hasn't gone above that in a year and a half. The only reason I know about it is from hearing co-workers rub sand in their vaginas about taking a bath for a year and a half. I noticed the trend from looking at the stock everyday to check the price to more accurately rub salt in their wounds. A bunch of them just bought Ford stock as well, figuring the government will bail them out like they did Chrysler...

[HaemishM]

Spend the money on lottery tickets. Your chance of return is just about as good, and you get shiny things to rub with a nickel.

The stock market is not a get rich place. It's a "GET LUCKY" place. The fact that our economy is built on this shitty, shifty foundation makes me feel really queasy sometimes. The mob (not the mafia mob, the unruly citizenry mob) determines what stocks do well. The mob is rarely predictable.

[UD_Delt]

Spend the money on lottery tickets. Your chance of return is just about as good, and you get shiny things to rub with a nickel.

The stock market is not a get rich place. It's a "GET LUCKY" place. The fact that our economy is built on this shitty, shifty foundation makes me feel really queasy sometimes. The mob (not the mafia mob, the unruly citizenry mob) determines what stocks do well. The mob is rarely predictable.

Not true. If you day trade it's the equivalent of gambling. If you do your due diligence or invest in funds and hold for the long term it's a better return than your average CD or bond. No, it's not a get rich place but it is a good investment.

Also, most companies are not determined by "the mob". Most S&P 500 companies are mainly institutionally owned. Well I guess I shouldn't say "most" since "most" companies are in the S&P 500 but you know what I mean.

[Murgos]

Cunning stockmarket plan?  More like a stunning cockmarket plan...

Sorry, I've been waiting to do that for days and I just couldn't hold it in any longer.