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10th October 2008, 11:12
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#11
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Banned
Join Date: Jul 2008
Posts: 1,923
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Quote:
Originally Posted by Bagpuss
You shouldn't be buying shares if you don't understand the function of a Market maker.
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Utter toss! It's gambling - that's all! You place your bet, like a gambler does, only instead of Top Tips gleaned over a pint down the local, you instead believe any old toot you read on internet forums. And, instead of the Racing Post, you read the FT. Then you lose the lot owing to "unforeseeable factors".
  
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10th October 2008, 11:17
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#12
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Super poster
Join Date: Aug 2007
Posts: 2,420
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Quote:
Originally Posted by Bob Dalek
Utter toss! It's gambling - that's all! You place your bet, like a gambler does, only instead of Top Tips gleaned over a pint down the local, you instead believe any old toot you read on internet forums. And, instead of the Racing Post, you read the FT. Then you lose the lot owing to "unforeseeable factors".
  
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 AtW's comments
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I love lamp.
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10th October 2008, 11:21
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#13
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Super poster
Join Date: Mar 2007
Location: London
Posts: 3,958
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Quote:
Originally Posted by Bob Dalek
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Or, you do the analysis of a companies balance sheet (something a trader should be able to do quickly), decide on the fundamentals and make an informed decision.
It is still a gamble in these times though...
__________________
Level 20 Xeno Geek.
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10th October 2008, 11:26
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#14
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Banned
Join Date: Jul 2008
Posts: 1,923
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Quote:
Originally Posted by Moscow Mule
Or, you do the analysis of a companies balance sheet (something a trader should be able to do quickly), decide on the fundamentals and make an informed decision.
It is still a gamble in these times though...
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NO!!! NO!!! NO!!! It's ALWAYS a gamble. It is NOT a science or anything like that. Have recent events & past events (Polly Peck et al) not taught you anything?
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10th October 2008, 11:28
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#15
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Super poster
Join Date: Mar 2007
Location: London
Posts: 3,958
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Quote:
Originally Posted by Bob Dalek
NO!!! NO!!! NO!!! It's ALWAYS a gamble. It is NOT a science or anything like that. Have recent events & past events (Polly Peck et al) not taught you anything?
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Well, there's good and bad gambles aren't there?
There's always the chance of a good gamble turning bad, but that's why you have lots of gambles to mitigate that risk.
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Level 20 Xeno Geek.
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10th October 2008, 11:29
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#16
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Godlike
Join Date: Jul 2005
Posts: 7,189
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Quote:
Originally Posted by Bob Dalek
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Why are you so agressive? Sexual frustration?
He asked "who buys all the shares?" Not is the stock market a gamble.
Now go and have a pot noodle and come back when you can be civil.
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Contractor79: Cybertory for the text generation
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10th October 2008, 11:29
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#17
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Banned
Join Date: Jul 2008
Posts: 1,923
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Quote:
Originally Posted by Moscow Mule
Well, there's good and bad gambles aren't there?
There's always the chance of a good gamble turning bad, but that's why you have lots of gambles to mitigate that risk.
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Have you considered Gamblers Anonymous?
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10th October 2008, 11:48
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#18
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Contractor Among Contractors
Join Date: Apr 2007
Location: Berkshire
Posts: 1,616
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Quote:
Originally Posted by Bob Dalek
NO!!! NO!!! NO!!! It's ALWAYS a gamble. It is NOT a science or anything like that. Have recent events & past events (Polly Peck et al) not taught you anything?
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Yes, it's always a gamble. Banks have kept a lot of stuff hidden of Balance Sheet and thus the current mess, as has GB with with PFI. Some people never learn...... SMUG 
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10th October 2008, 11:55
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#19
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Super poster
Join Date: Jul 2005
Posts: 2,149
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I've bought some today
I sold up at FTSE 6300ish and vowed to buy back in at sub 4000.
Time will tell if I'm a fool or a genius 
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10th October 2008, 12:27
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#20
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Banned
Join Date: Jul 2008
Posts: 1,923
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Quote:
Originally Posted by Bagpuss
Why are you so agressive? Sexual frustration?
He asked "who buys all the shares?" Not is the stock market a gamble.
Now go and have a pot noodle and come back when you can be civil.
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Touched a nerve, did I? Sorry old chap. Never mind.
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