Tom's Hardware > Forum > Old Man/Woman's Club > Other > OMG, stocks soared
Ask the community Add a reply
Word :    Username :           
 
Flamethrower205   11-04-2001 at 12:45:27 AM

Hi,
was doing this little thing with my friend to see who'd be the better trader. We invested in a stock (well, not really invested, but pretended to), and I bought this stock at 2 cents per share. Now it's 10 cents! Damnit, if only I had really invested!

U got a problem?! Then dial 1800-328-7448!

Add a reply
Sponsored Links
Register or log in to remove.
Crashman   11-04-2001 at 08:19:13 AM
- 0 +

Yes, penny stocks can make you a rich man if you know the company your investing in. Just thing, a $200k loan would have yeilded you $1m net. Pay the bank off, and you still have around $780k profit!

Back to you Tom...

Reply to Crashman
dhlucke   11-04-2001 at 08:25:27 AM
- 0 +

Might as well put the $200,000 on number 17 at a table in Vegas....

<font color=red>God</font color=red> <font color=blue>Bless</font color=blue> <font color=red>America!</font color=red>

Reply to dhlucke
Crashman   11-04-2001 at 08:48:48 AM
- 0 +

Your chances of making something on penny stocks are about 1 in 3 I think. Much better than ruolette.

Back to you Tom...

Reply to Crashman
Flamethrower205   11-04-2001 at 05:25:19 PM
- 0 +

Hehe. Also one must consider that you can follow the way a company's stocks are doing, and extrapolate how they will continue to go. Especially with small companies that have penny stocks, there aren't too many people who buy them, hence less variables to take into account.

U got a problem?! Then dial 1800-328-7448!

Reply to Flamethrower205
dhlucke   11-04-2001 at 08:39:27 PM
- 0 +

It's still gambling though. Just take that $200,000 and put it into a simple formula for compound interest. Calculate it for 15% or so and span it across 35 years or whatever you have left until you want to retire, and you are way ahead and you have made a better investment.

<font color=red>God</font color=red> <font color=blue>Bless</font color=blue> <font color=red>America!</font color=red>

Reply to dhlucke
Flamethrower205   11-04-2001 at 08:55:49 PM
- 0 +

Yeah, but look at the reward if you strike it right even just once. Plus, with teh aid of much modern day software and such, as well as carefully thought out strategies, one can make serious money.

U got a problem?! Then dial 1800-328-7448!

Reply to Flamethrower205
Anonymous   11-05-2001 at 01:37:57 PM
- 0 +

if its free then you don't get any money. Thats the point of investing - so you get money become stinking rich and spend it on yatchs and ferraris.

I wanna be a hippie and I wanna get stoned yeah.

Reply to Anonymous
Ask the community Add a reply
Tom's Hardware > Forum > Old Man/Woman's Club > Other > OMG, stocks soared
Go to:

There are 1193 identified and unidentified users. To see the list of identified users, Click here.

Forum map
Bestofmedia Forum ©
2000-2009 Bestofmedia Group
Page generated in 0.182 seconds
Please mind

You are about to answer a thread that has been inactive for more than 6 months.
If you still wish to proceed, please ensure that your posting is original and does not duplicate or overlap any prior responses to this thread.

Add a reply Cancel
Sponsored links
  • Ask the community now
  • Publish
Ad
Related Topics
See all relatives topics
They won a badge
Join us in greeting them
How do I win badges?