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« Earthlink is out of touch...  
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TKJunkMail
Enjoy the sun
Premium
join:2002-03-03
Avalon, NJ
·Sprint Mobile Broa..
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1 edit		reply to sousademiami
Re: You think...

said by sousademiami See Profile :

They should at least try and have a fire sale, dump all the dial-up business and invest what little is left into a sustainable business?
Like buying up failing banks? It is working out well for Warren Buffett.
to forum · permalink · · 2008-09-26 11:44:51 · Reply to this


sousademiami

join:2003-02-04
Hialeah, FL		 Warren Buffett is my hero.
All these people who play the markets daily just got skull-f***ed and Warren Buffet, who they laughed at for his long-term investments is snatching up all the free money.
--
OASAASLLS
to forum · permalink · · 2008-09-26 11:52:36 · Reply to this

rradina

join:2000-08-08
Chesterfield, MO

 Boy I agree with that. They should eliminate day trading. I think there should be some minimum time period during which you must hold shares.

The whole stock market is the idea of raising what is essentially free capital. Folks buy a piece of the company in exchange for what? There's no guarantee you'll make a profit and there is no guarantee that the company will survive. For that risk, the rewards can be high if the company grows and makes a lot of money. But where did this idea of "day trading" come about? I don't see this as much different than playing the odds on a football game. In most places it's illegal. Why is it legalized by the stock market? How is it different?

The real crime is the genius behind 401K. We're incented to pay into this game and people get to gamble with our money.

The system needs a few new rules so the players don't hurt themselves. I'm a capitalist but it seems that we removed too many rules and a lot of folks are trying to cheat their way to the top.
to forum · permalink · · 2008-09-27 09:05:34 · Reply to this
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