Originally Posted by Hog's Gone Fishin:
Legit question??? Why don't companies like that do a stock split to get the shares back to a reasonable price? I know percentage is percentage but most people won't buy a 5000 dollar share because that's all they have to invest.
I think it was Lewdog that talked about this a few pages back and it sort of made sense for me. You are essentially buying the stock for the same value no matter the price. And if someone is willing to buy Amazon for $2000 then they will buy it at $5000. [Reply]
Originally Posted by patteeu:
We AMZN owners don’t want to rub elbows with riff raff at shareholder meetings.
That's true. I have been in a discord chat group for stock trading for about a year now. It started off with a few hundred users and most of them were pretty smart. Once the coronavirus started shutting everything down and people got laid off back in February, it jumped to a few thousand. Most of the new guys had no clue what they were doing and bought and sold like it. It's my opinion that all those new traders that came in looking to get rich quick mostly lost their asses. [Reply]
Originally Posted by rydogg58:
That's true. I have been in a discord chat group for stock trading for about a year now. It started off with a few hundred users and most of them were pretty smart. Once the coronavirus started shutting everything down and people got laid off back in February, it jumped to a few thousand. Most of the new guys had no clue what they were doing and bought and sold like it. It's my opinion that all those new traders that came in looking to get rich quick mostly lost their asses.
Full disclosure, if I were a trader in a discord group, I’d be among the riff raff. :-) [Reply]
Originally Posted by rydogg58:
I think it was Lewdog that talked about this a few pages back and it sort of made sense for me. You are essentially buying the stock for the same value no matter the price. And if someone is willing to buy Amazon for $2000 then they will buy it at $5000.
OK but I don't agree. If the stock is at 2500 and it goes to a 100/1 split it just makes sense people are going to bail in on Amazon at $25 /share and everybody that got the split gets to enjoy the ride back to 2500 times 100 [Reply]
Probably a little late in the year to do this but I went ahead and implemented the "Dogs of the Dow" strategy this morning. Of course all 10 stocks I bought went down. [Reply]
Originally Posted by petegz28:
Probably a little late in the year to do this but I went ahead and implemented the "Dogs of the Dow" strategy this morning. Of course all 10 stocks I bought went down.
And that is why they are the dogs of the Dow.
I'm not quite sold on the strategy though I've talked to people who have done that. [Reply]
Originally Posted by petegz28:
It's been rather proven. I think you have to let it play out to so the dividends can play a big part. I should have done it in January.
Yes I've seen some data on it, I guess it's just not for me is all.
I just love Lex Loser, Oaktard, Donger and Cosmo/RodeoShitHisPants2x's threads!
Whatever they say, do the opposite and you'll be fine! :-):-)
==================
May 7, 2020
Originally Posted by oaklandhater:
Opening up too fast/too early might make a bad situation worse. I don't expect to see an economic recovery for a very long time.
Originally Posted by scho63:
You will be very wrong once again. We will see a powerful "V" shaped recovery in spite of you and all the Dems hoping things stay shitty until the election.
