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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: accountclosed who wrote (36558)11/17/1998 2:51:00 PM
From: MythMan  Respond to of 132070
 
MB will give you the technical answer but the trilogy of s**t are examples of trading sardines.



To: accountclosed who wrote (36558)11/17/1998 3:10:00 PM
From: Knighty Tin  Respond to of 132070
 
AR, It is a term from an old, long joke that bears repeating every six months or so.

A Wall Street trader goes to his doctor and the doctor tells him he has high blood pressure and is working up to a stroke. He says, you have to leave the trading floor at lunch every day and take a long walk. Not surprisingly, this is hard for an addicted trader, but he gives it a try.

He takes a walk out of the building and ends up at the Fulton Fish Market. He sees people screaming, calling each other names, making deals in a continuous auction and asks what is going on.

"They're trading cases of sardines," the newsstand vendor tells him.

"I've gotta get in on this action," the trader says. He whips out several hundred dollars and buys out a sardine stand and all the inventory of one trader. Then he sells at the high, buys at the low, sells short, covers, shouts and trades for an hour until he corners the entire sardine market.

"Man, I am exhausted," he says. "And hungry."

So, he opens a tin of sardines and pops one in his mouth. He chews for a second and spits it out.

"This thing is rancid!"

"Idiot," the newsstand vendor says. "Those aren't eating sardines; they are trading sardines." <G>

Any stock that can sometimes be traded for a profit, but is a company that is not a keeper, is a trading sardine.

MB