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10th October 2008, 12:30
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#21
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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
Have you considered Gamblers Anonymous?
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Why?
__________________
Level 20 Xeno Geek.
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10th October 2008, 12:38
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#22
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Fingers like lightning
Join Date: Dec 2007
Posts: 859
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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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Can I nominate this for next week's "Out of Thin Air (TM) Village Idiot of the Week competition"?
Anyway, what happens to shares if I sell and nobody immediately wants to buy them? Or do they sit around unsold until someone does?
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10th October 2008, 12:44
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#23
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Super poster
Join Date: Mar 2007
Location: London
Posts: 3,958
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Quote:
Originally Posted by d000hg
Can I nominate this for next week's "Out of Thin Air (TM) Village Idiot of the Week competition"?
Anyway, what happens to shares if I sell and nobody immediately wants to buy them? Or do they sit around unsold until someone does?
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That is exactly what happens. In practice, you'll almost always find a buyer, it just might take some time...
__________________
Level 20 Xeno Geek.
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10th October 2008, 12:47
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#24
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Banned
Join Date: Jul 2008
Posts: 1,923
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Quote:
Originally Posted by Moscow Mule
Why?
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Because you said, "but that's why you have lots of gambles to mitigate that risk."
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10th October 2008, 13:03
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#25
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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
Because you said, "but that's why you have lots of gambles to mitigate that risk."
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Not very "compulsive" behaviour is it? Silly jibe.
__________________
Level 20 Xeno Geek.
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10th October 2008, 13:06
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#26
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Banned
Join Date: Jul 2008
Posts: 1,923
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Quote:
Originally Posted by Moscow Mule
Not very "compulsive" behaviour is it? Silly jibe.
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Silly jibe? Well, sort of. But, my POV is that it IS gambling and the idea that "lots of gambles to mitigate that risk" sounds just like a horse racing punter who thinks that there's a System nobody else knows about, or that gambling is, in essence, always going to earn for you in the end. It ain't so.
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10th October 2008, 13:10
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#27
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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
Silly jibe? Well, sort of. But, my POV is that it IS gambling and the idea that "lots of gambles to mitigate that risk" sounds just like a horse racing punter who thinks that there's a System nobody else knows about, or that gambling is, in essence, always going to earn for you in the end. It ain't so.
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Your analogy fails as we all know horse-racing is fixed
My point(s) is(are),
You make your gambles low risk by doing your research.
You make lots of gambles at a low value so up to 30-40% of them failing won't cause you to lose overall.
It's not a system, it's common sense. And there are people who make a living from both horses and the stock market.
__________________
Level 20 Xeno Geek.
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10th October 2008, 13:14
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#28
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Banned
Join Date: Jul 2008
Posts: 1,923
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Quote:
Originally Posted by Moscow Mule
Your analogy fails as we all know horse-racing is fixed
My point(s) is(are),
You make your gambles low risk by doing your research.
You make lots of gambles at a low value so up to 30-40% of them failing won't cause you to lose overall.
It's not a system, it's common sense. And there are people who make a living from both horses and the stock market.
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I rest my case.
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10th October 2008, 13:15
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#29
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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
I rest my case.
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You case is thrown out at half time as it's unproven.
__________________
Level 20 Xeno Geek.
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10th October 2008, 13:16
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#30
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Banned
Join Date: Jul 2008
Posts: 1,923
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Quote:
Originally Posted by Moscow Mule
You case is thrown out at half time as it's unproven.
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That's a dirty trick and I protest!
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