|
PureBytes Links
Trading Reference Links
|
Wrong, wrong, wrong, wrong, wrong, wrong, wrong,
wrong, wrong, wrong, wrong, wrong, wrong, wrong, wrong, wrong, wrong, wrong,
wrong, wrong, wrong, wrong, wrong, wrong, wrong. If you believe this, STOP
INVESTING/TRADING NOW. You are in great danger.
You are only "wealthy" on paper. You have NO
wealth until you take profits. A bank will gladly loan you money on 50% of
your paper wealth, then sell 100% of the position (or whatever % is
required to make THEM nor you whole if the stock drops below 40%) at any cost to
you.
Good luck (you'll need it) and good
trading.
Ray Raffurty
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Steve
Walker
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, August 01, 2002 11:34
AM
Subject: Re: [RT] bear market stats
Wealth does disappear to the extent the market moves higher
after thepurchase and then retreats.>>> <A
href="mailto:r.raffurty@xxxxxxxx";>r.raffurty@xxxxxxxx 08/01/02 10:30AM
>>>Recently the Democrats have been harping on the 7.7 trillion
loss inmarket cap. This shows a total lack of understanding on how
marketswork.If a person is stupid enough to by stock in Dr.
Coop.com (fill in yourfavorite dead stock) at $80 they deserve to drive a
Dodge Omni with100,000 miles (they probably paid 2995.00 for that
too).The point is that the 7.7 trillion dollars did not disappear, it
justchanged hands. The uninformed and greedy sucker ALWAYS gets
clipped. CNBC just ran a report about a couple that lost 75% of their
account inJDSU. Their kid wants to go to Duke University, so they
are moving,riding the subway, etc. He was man enough to admit it was
his fault,but fell short of admitting it was GREED, pure and simple, that
made himbuy an over priced stock and IGNORANCE that prevented him
fromprotecting his position with options or even stops. The
person(s) whosold him JDSU at the top are driving the Porsche because they
recognizedthat the market could not go parabolic for long.If there
is a case of fraud, a stock holder would have a legitimatecomplaint and
new laws may address some of this by returning ill gottengrains to
investors (if the feds can find the assets). However in mostcases
this is not applicable. The vast majority of losses are caused
byGREED coupled with IGNORANCE. Now the great masses are crying to
theircongress man "They never told me I could lose".Good luck and
good trading,Ray Raffurty ----- Original Message -----
From: SLAWEKP@xxxxxxx To: REALTRADERS@xxxxxxxxxxxxxxx
Sent: Thursday, August 01, 2002 6:03 AM Subject: [RT]
bear market
stats Yahoo!
Groups Sponsor
ADVERTISEMENT
To unsubscribe from
this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx Your use of
Yahoo! Groups is subject to the Yahoo! Terms of
Service.------------------------------------------------------------------------------To
unsubscribe from this group, send an email
to:realtraders-unsubscribe@xxxxxxxxxxxxxxxYour
use of Yahoo! Groups is subject to the <A
href="http://docs.yahoo.com/info/terms/";>Yahoo! Terms of Service.
Yahoo! Groups Sponsor
ADVERTISEMENT
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
|