Trading vs. Gambling

[FXTraderWill]

Quote from Mike805:

Quote From Article:

That was his whole point in suggesting the venture last year. "Individuals and small traders have a better shot making money gambling on sports than gambling on stocks," Cuban said. "It's a topic I'm passionate about."

I find this absolutely laughable. In a publicized move Cuban invested millions in MAMA. Anyone remember this move? I think he purchased shares around May of last year.

Anyway, that trade/investment is definetly paying off if he's still in it. Just look at the chart (sarcasm here):

http://finance.yahoo.com/q/bc?s=MAMA&t=2y&l=on&z=m&q=l&c=

Hope he sold that loser stock... Might explain why he thinks trading is "gambling".

Mike

Maybe I'm confused, but isn't that stock up over 100% from when he bought it, and wasn't it up as much as 200% at its peak? How is that a bad investment?

 

[Persdawg]

Quote from EqtTrdr:

wayne root = $$$

hahaha. ya right. have you checked his losing record in fball lately?

majority of touts are good for nothing but fading.

 

[Mike805]

Quote from FXTraderWill:

Maybe I'm confused, but isn't that stock up over 100% from when he bought it, and wasn't it up as much as 200% at its peak? How is that a bad investment?

I believe he bought 600k shares on March 16 2004. MAMA traded between $9.50 and $10.48 that day.

Today its at $4.20. Assuming he held through the $0.86 52 week low (yep .86!!), he's been holding one huge bag for the last 3 years.