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I think you are generalizing a bit too much. I don't get where you assume all shorter sellers just put on a short position and hold til zero. I get Ackman's situation and that he kind of has to be in it for the long run b/c he mad such a public outcry that the company is a fraud. As far as...

You must have a low bar for considering people rich. People who retire with an $70k-$80k a year pension aren't rich in my eyes. Now if some government admin assistant was pulling down a $million plus a year pension then I would see your point. To the original poster, pensions work in almost...

By the title of the thread and your first comment, it seems that you have an issue with the market going up. This makes me think that you might have a sizable short position in place making your market stance jaded. My question is, why do you think the market should be going down?

When I was right out of college I used to work at Wells Fargo in both the banking and investing arms of the company. I used to sell the PMA accounts and actually have one for my personally as well. They are decent accounts for banking purposes b/c you get a lot of things for free (free checks...

I agree with you on some of the points you mentioned. Traditional manufacturing jobs are not going to return to America anytime soon, so i agree that the only way to combat the job loss is by finding new opportunities that currently aren't being served in the manufacturing industry. The issue...

While this sounds good on paper, I don't see how this scenario is even remotely possible. Our fiscal issues as a country go well beyond just misappropriating our funds into poorly ordered priorities. Not worrying about our debt problem is what got us here in the first place, and I don't think...

There are so many things wrong in this article that it's laughable to read. There is a clear assumption of a glorified benefit without actually taking into account reality. Here are some of my favorite arguments the author makes: 1) The FTT must be a unified movement accross all nations in...

CL can shoot up or down 3+ points in a matter of minutes. With no stop in place, care to share how you "repair" your trade and still guarantee a profit 99% of the time when your position goes 3 points against you that quickly?

I used to use a similar strategy with % gainers and losers that worked really well when I was younger. Initially my returns where great for the first 6 months or so and I was averaging 10+% a month, which made me think trading was easy. However I soon realized that my strategy didn't work as...

I am not a CPA or lawyer, but in my operating agreement I specifically put in wording that stated what my business does and specifically mentioned buying and selling stocks. I am not sure if that is required but I just wanted to cover my bases. Plus if you plan on trying to write off business...

I am not sure about the rules in your certain state, but the costs should be minimal. All you need is an EIN (free or used to be), an operating agreement and to file the proper paperwork with your state's business registration department(it was $100 in my state). You can find free versions of...

+1 gotta protect your neck

You are not looking at the entire picture. When most companies go public their goal is not to maximize the share price and screw over anyone left buying their new stock on the open market, but rather somewhere in the middle. Early investors need to get a good price to cash out at, but you still...

It depends on how much your time is worth. I do enjoy occasionally reading some of the "systems" or journals on ET, but only for entertainment purposes. Nothing beats some self proclaimed guru starting a journal and spewing paragraph after paragraph of senseless self propaganda, only to have...

I was always under the impression that anyone selling anything in this business is a snake oil salesman. Unless its for a data feed or a news service, once the words "sign up here" or "insert credit card information" come up that is when you should run.

I didn't realize that trading was that easy. Just look for stocks with "green" next to them and stay away from the "red". I am curious as to how he can actively trade a $500 portfolio in stocks without having the commissions crush him? I guess in the early 90's (judging by the video quality and...

I never said there weren't any other social media web sites. I was responding to your notion that soccer mom's are going to abandon facebook b/c its owner cashed out some money in the company he created. These "soccer moms who spend 40 minutes a day" on FB might have some moral higher...

Where will they go? Myspace???? I don't think any rational person is going to see a CEO cash in some stock and then make a moral decision that the company is not tolerable anymore. The dude created the most valuable IPO in years and he is not allowed to reap some of the rewards? How can...