Primerica

[jo0477]

LOL, Bob, you're a riot! between this response and the "interest of bonds thread" (Classic stuff if anyone hasn't seen this yet check it out, I still can't believe its real!)

Quickly becoming one of my favorite posters, keep the laughs coming

JO

Quote from Bob111:

i've been on their meeting once..probably 10 years ago or so..it's no different than this-

i checked the prices for similar products and services...PRI's shit is waaay overpriced(for obvious reasons-everyone in the chain gotta have their piece and you(the seller) will receive the least). it is a pyramid,where you have to sign and sell the shit for your own relatives first and they have to sell to someone else and so on..if this kind of business can legally exist and traded @ major exchange in US-well..what can i say...what a country..in some third world places you will be jailed for this shit..

 

[brownsfan019]

@ brownsfan019, you really don't know much about the company to think it is a pyramid.

Actually I do. I was a broker at a real brokerage firm and anytime I came across crap that primerica put people in, we quickly got it out of that and into real investments.

As a stock trade, no idea - was just pointing out that these clowns are known for going on message boards trying to pump their stock up. Again, could be part of this week's homework assignment along with peddling term insurance on their friends and family.

 

[bigarrow]

I worked for them for a few years about 25 years ago when they were AL Williams. Back then term insurance was the exception to the rule, not a lot of companies were even trying to sell it. Hardest work I ever did in my life and it taught me many people are dumb as rocks, keeping whole life products even after seeing what a rip off it was. Tough time in my life doing that MLM shit, I sold a lot of product but didn't do good at hiring people below me to sell. NEVER again did I do a MLM and never will. I've never been a cheerleader type guy and not a group type so it really wasn't cut out for my personality. I was getting out when they were changing to Primerica.

 

[BwPirt]

My roommate is involved with this company, his wording is the same as the guy on here who works for them. Based on the chart, I wouldn't buy. That's just me though.

 

[moneygreen]

PRIMERICA INC COM $29.72 I got in at 17.00

I been quit for a long time because I know actions speak louder than words. I have to say I have made a great run with this stock and I will watch to see if it goes higher. Out of the 100 shares a bought, I will sell off 50 of them this coming week and let the rest ride.

Happy Trading!

 

[atticus]

Quote from moneygreen:

Yes it has resistance, I think all stocks have that. But when you talking about a company that has 6 billion dollars in assets, the stocks will be bound to rise. I do understand why some people may want to trade.

I am just one of those trades that stay in the trade for the long run because with my experiences I have made more money overtime staying with in a trade with a company that makes more money then it spends.

If AAPL had $6B in assets would it be a buy at $675? Who knows, as the number is completely arbitrary and lacking reference. The weekly bear reversal a month back should be a caution. Looks like a short to me.