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To: GraceZ who wrote (136695)12/2/2001 6:41:40 PM
From: Win-Lose-Draw  Read Replies (1) | Respond to of 436258
 
there is a far higher probability of a stock selling at $.25 going to zero

In the long run you're probably right. However, if any "professionals" were dumb enough to get caught in this it's perhaps not an reasonable bet it'll be partially reinflated so they can get out with at least a modicum of decorum.

Big if, though...



To: GraceZ who wrote (136695)12/2/2001 8:25:21 PM
From: Tommaso  Read Replies (4) | Respond to of 436258
 
As I admitted when I originally posted about this, I would probably have done better to buy 750 rolls of toilet paper than 1,000 shares of ENE. With roulette you are guaranteed to lose if you play long enough. We will see what happens with ENE. However, I lack your confidence in predicting exactly what is going to become of it.

I am more confident in predicting what has already happened to it.

I get the impression that for some people, investing is a pretty grim business, even when very small amounts of money are at stake. There are even people whose fun comes more from watching other peoples' misfortunes than from any gain that they themselves have enjoyed.



To: GraceZ who wrote (136695)12/2/2001 9:31:32 PM
From: LLCF  Read Replies (1) | Respond to of 436258
 
<Its a simple math problem, nothing to do with statistics as DAK so short-sightedly assumed but I'll bet that there is a far higher probability of a stock selling at $.25 going to zero than a stock selling at $90 going to $.25.....although recent developments in the market would have you believe otherwise. >

LOL, one trick Grace at it again... why don't you ask Janus funds which was more painful.... the ride from $90 to .25, or the last .25! ROFLMAO

<I'll bet that there is a far higher probability of a stock selling at $.25 >

I bet they'rs a lot better chance for massive gains too!!

DAK



To: GraceZ who wrote (136695)12/2/2001 9:58:18 PM
From: patron_anejo_por_favor  Respond to of 436258
 
<<I'd rather put it down on a roulette table, better odds.>>

Not to mention free drinks (provided your bankroll lasts long enough for the waitress to get your order and get back with the goods), and nicer ambience!<G>