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SVTPerformance's Chain of Restaurants
Road Side Pub
Just opened my account with Scottrade, it's about time!
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<blockquote data-quote="NeedaCobra" data-source="post: 3827595" data-attributes="member: 9461"><p>Yes, I have the same 600 page edition <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile :)" loading="lazy" data-shortname=":)" /></p><p></p><p>As for the stock market being 100% gambling.</p><p></p><p>Sure, it's gambling if you expect a huge return just doing <strong>short term</strong>.</p><p></p><p>However, some stocks cannot but help go up. The only way they can go down is if the company goes bankrupt, etc. Longer term isn't gambling, speculating usually is.</p><p></p><p>For an example of a compnay having a great quarter, yet prices went down, compare J C Penney Corporation, Inc. (JCP) to Abercrombie & Fitch Co.(ANF).</p><p></p><p>The performance of JCP was already figured in to the stock, so when they had higher than expected earnings, the stock price <strong>dropped</strong> because it was expected. . . .</p></blockquote><p></p>
[QUOTE="NeedaCobra, post: 3827595, member: 9461"] Yes, I have the same 600 page edition :) As for the stock market being 100% gambling. Sure, it's gambling if you expect a huge return just doing [b]short term[/b]. However, some stocks cannot but help go up. The only way they can go down is if the company goes bankrupt, etc. Longer term isn't gambling, speculating usually is. For an example of a compnay having a great quarter, yet prices went down, compare J C Penney Corporation, Inc. (JCP) to Abercrombie & Fitch Co.(ANF). The performance of JCP was already figured in to the stock, so when they had higher than expected earnings, the stock price [b]dropped[/b] because it was expected. . . . [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Just opened my account with Scottrade, it's about time!
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