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Half the time this guy doesnt know what he's talking about 90% of his wealth was timing and dumb luck. I remember that whole CFSG fiasco where he was yelling "Fire" Too bad he was yelling it at a company that sold fire extinguishers. I bought CFSG at just over 5 bucks per share that day he...

Think you feel bad...what about that guy that got his buy in at 25.80!!! Bet he was thinking he got an easy 40k today per 100 shares!

Well, after riding the USD/JPY up today, Im now short at 106.27 (as of this writing its at 106.01) I'm thinking we should see a pretty bid drop once the Nikkei opens and I should get another 50 pips at least. I dont normally make predictions, but thought i would today because it seems...

Because he yells and "sounds" like he knows what hes talking about. Plus he has cool buttons that make different noises when he pushes them and also has a cool catch phrase that people enjoy saying "Booya!" It's very easy to entertain the sheeple and thats what his show is...entertainment...

There are billionaire daytraders but the only stock they are messing with is BRK-A 5000 share block of that will run ya 675 million! Looks like on friday BRK-A was up 1900 dollars. That would mean with 5k shares you would've been up 9.5 million for the day. I could see a billionaire messing...

I dont know...the costco CEO is doing ok. Only pays himself 430k per year and cashiers there make 40k per year which is alot for someone who just counts change. Costco also pays 92% of employees healthcare premiums. Costco is one of the few companys that shareholders actually think the CEO is...

Easy answer. You paper-traded those profits. Anyone can make money on paper. I turned 20k into 700k TWICE on virtual stock exchange. (inside 6 months)

Anybody remember that guy? Claimed to be the best forex trader in the world and that he was going to be richer than warren buffet? He said he had a system that he would not share with anyone, and he wanted someone to give him 1 million dollars at around 7% interest to trade with and he said...

yeah i figured that, was just being sarcastic. I know its alot like rolling the dice. You can bet 5 dollars that you will roll the 12 and if you hit it, it pays 30 to 1. But how many 5 dollar bets do you lose trying to hit that puppy. Quite a few! Those contests are quite silly really. Its...

wow, not bad. You know...if he funds his own account with 100 dollars and makes that same return every month for the next 12 months, then this time next year he will have 28 quadrillion, 359, trillion, 331 billion, 95 million, 229 thousand 508 dollars. If he just does it for 6 months he will...

Does forex charge interest on the margin you borrow? Like say you have 10k and you buy 200k of something. Do you get charged interest on that 190k you are borrowing? Or is it all free margin? If you do get charged interest, how much is it?

You will do better with austrialia, brazil, and new zealand. They are paying 5.25% to 6.25% interest on 3 month CDs If you feel like a little risk, try S. Africa...get 8.75% there. If you want something a little closer to home, try mexico...get 5% there...

I was in Wamu today (making a deposit, unlike these fools taking their money out) and i talked to the teller about how bad the "run on the bank" was as the headlines said that 16 billion or so was drawn out over 10 days. She said it was only one day when it was just crazy of people coming in to...

I see this on yahoo http://news.yahoo.com/nphotos/Man-flies-over-English-Channel-jet-wing/ss/events/lf/092608yvesrossy If you look at it, you can see the guy obviously didnt fly, he just jumped out of an airplane with wings attached to him and parachuted to the ground. I mean all those pics...

assuming an 8 hour work day and he was making 147k an hour, break that down even further and he was making about 40 dollars per second. That means that if he took a 5 minute bathroom break he got paid 12k. 12k to piss? Unbelievable

Really? You see this here credit crisis we are in and you cant see it as a negative way to make money? I personally think there should be a cap on how much someone or some entity can be worth. Put that number at say 500 million dollars. That way companies cant get so much control...

I so agree with this statement. I think they should nulify every CDS in existence. Its a very negative way to make money. Its like years ago when i was a craps dealer in vegas. You got the whole table betting on the pass line and one a-hole betting on the Dont's. The whole table hates...

James Dimon, Michael J. Cavanagh, and Steven D. Black all of JPM. If life was a monopoly game, these guys are buying boardwalk, park place and the green properties, taking over the entire right side of the board, and building hotels! Pretty soon if you want to pass Go, you will have to go...

Dec 31, 2005 WM had exactly 18.3 billion in net assets. Jun 30, 2008 WM had exactly 18.4 billion in net assets. So even though WM has more assets NOW than it did before the credit crisis, JPM was able to come in and get 18.4 billion in assets for 1 billion dollars. Hell of a bargin

but now they are getting presents of greater worth it seems.