|
PureBytes Links
Trading Reference Links
|
If I buy a stock at $50 in my acct and it later goes to $100, I am
worth twice as much. Ask the bank loan officer. If the stock declines
to $75 I am not as wealthy.
>>> jejohn@xxxxxxxxxxx 08/01/02 10:54AM >>>
Hello Steve,
I don't think so. The wealth still resides with the person who sold
to the purchaser.
Best regards,
Jim Johnson mailto:jejohn@xxxxxxxxxxx
--
Thursday, August 1, 2002, 11:34:25 AM, you wrote:
SW> Wealth does disappear to the extent the market moves higher after
the
SW> purchase and then retreats.
>>>> r.raffurty@xxxxxxxx 08/01/02 10:30AM >>>
SW> Recently the Democrats have been harping on the 7.7 trillion loss
in
SW> market cap. This shows a total lack of understanding on how
markets
SW> work.
SW> If a person is stupid enough to by stock in Dr. Coop.com (fill in
your
SW> favorite dead stock) at $80 they deserve to drive a Dodge Omni
with
SW> 100,000 miles (they probably paid 2995.00 for that too).
SW> The point is that the 7.7 trillion dollars did not disappear, it
just
SW> changed hands. The uninformed and greedy sucker ALWAYS gets
clipped.
SW> CNBC just ran a report about a couple that lost 75% of their
account in
SW> JDSU. Their kid wants to go to Duke University, so they are
moving,
SW> riding the subway, etc. He was man enough to admit it was his
fault,
SW> but fell short of admitting it was GREED, pure and simple, that
made him
SW> buy an over priced stock and IGNORANCE that prevented him from
SW> protecting his position with options or even stops. The person(s)
who
SW> sold him JDSU at the top are driving the Porsche because they
recognized
SW> that the market could not go parabolic for long.
SW> If there is a case of fraud, a stock holder would have a
legitimate
SW> complaint and new laws may address some of this by returning ill
gotten
SW> grains to investors (if the feds can find the assets). However in
most
SW> cases this is not applicable. The vast majority of losses are
caused by
SW> GREED coupled with IGNORANCE. Now the great masses are crying to
their
SW> congress man "They never told me I could lose".
SW> Good luck and good trading,
SW> Ray Raffurty
SW> ----- Original Message -----
SW> From: SLAWEKP@xxxxxxx
SW> To: REALTRADERS@xxxxxxxxxxxxxxx
SW> Sent: Thursday, August 01, 2002 6:03 AM
SW> Subject: [RT] bear market stats
SW> Yahoo! Groups Sponsor
SW> ADVERTISEMENT
SW> To unsubscribe from this group, send an email to:
SW> realtraders-unsubscribe@xxxxxxxxxxxxxxx
SW> Your use of Yahoo! Groups is subject to the Yahoo! Terms of
Service.
SW>
------------------------------------------------------------------------------
SW> To unsubscribe from this group, send an email to:
SW> realtraders-unsubscribe@xxxxxxxxxxxxxxx
SW> Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|