The Economic Crisis

[49ers]

well at least I'm a good broker
my dad invested in something I can't remember what its called, but its soaring to the top!!!! we gain money cause of it

[gyourkoshaven]

But you're not necessarily making money off of it if it was expensive to buy. You have to buy low, sell high to make money (or buy high, sell higher ).

[49ers]

we bought it very low infact it has gone up at least $10

does anyone know how pier 1 is doing? I have 1000's of imaginary stocks in them

[fmtiger124]

I think the only stock I own (not my parents mine) is in GE though i'm not sure how many shares it is because it was an inheritance and my grandmother only died recently.

[andrewwski]

Well, that Burger King graph is over the past year - everything fell like that over the past year. Burger King doesn't look to great though as it dropped again early this year, when most stocks were going up.

The right time to buy most stocks was earlier this year, when a lot had bottomed out and started turning the other way. Now's not a bad time either though, as the market will keep going up.

Going up $10/share doesn't really mean anything though...not without knowing what you bought it for and what it's worth now. If Berkshire Hathaway (not that you own any) goes up $10/share, that's really an irrelevant change. If something like Google goes up $10/share, that's not bad, but it's only a 3% change - nothing out of the ordinary. If GM were to go up $10 tomorrow though, that'd be huge.

http://finance.yahoo.com/q?s=pir - Pier One - if you bought them as penny stock, it's not bad.

And you can also buy high, sell low, and make money. If you bear trade by shortselling, you want high stocks to fall.

[49ers]

thats intersting my group for fake stock market using real prices wanted to invest in GE but i said no, how has it been going?

[49ers]

Well, that Burger King graph is over the past year - everything fell like that over the past year. Burger King doesn't look to great though as it dropped again early this year, when most stocks were going up.

The right time to buy most stocks was earlier this year, when a lot had bottomed out and started turning the other way. Now's not a bad time either though, as the market will keep going up.

Going up $10/share doesn't really mean anything though...not without knowing what you bought it for and what it's worth now. If Berkshire Hathaway (not that you own any) goes up $10/share, that's really an irrelevant change. If something like Google goes up $10/share, that's not bad, but it's only a 3% change - nothing out of the ordinary. If GM were to go up $10 tomorrow though, that'd be huge.

http://finance.yahoo.com/q?s=pir - Pier One - if you bought them as penny stock, it's not bad.

And you can also buy high, sell low, and make money. If you bear trade by shortselling, you want high stocks to fall.

yeah my stocks were bought when it was worth like 30 cents

[fmtiger124]

thats intersting my group for fake stock market using real prices wanted to invest in GE but i said no, how has it been going?

we're you talking to me?
If you were not so good, GE's stock has done nothing but drop recnetly--their recent profits were lower than expected so I would expect that to be why.

[49ers]

I was and thanks. anyone know how Varian Medical Systems(ticker symbol VAR) is doing? last time I checked their stocks were like $33, but my granparents have like 600 shares of it and i want to know if its a good stock choice

[gyourkoshaven]

http://www.google.com/finance?client=ob&q=NYSE:VAR

Sorry, I can't copy the image.

...And you can also buy high, sell low, and make money. If you bear trade by shortselling, you want high stocks to fall.

Sorry, forgot about that.