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Submitted by jackson on Sat, 12/03/2005 - 2:32am.
I suffered many hangovers in econ class during college. The only discernable carcass still dangling in those cobwebs is a concept called, selling short. You all probably know what it is, but just in case you don't: The whole thing is based on the hopes that a company will decrease in value. You go to a broker (Ameritrade.com in my case) and say you want to sell short. They 'loan' you stock in the company of your choice (Walmart) for, I believe, a preordained time period. Your hope is that the stock will drop, and you will owe on a loan that is less than the original, thereby profitting from the depreciation of, well, Walmart. That movie came out (name escapes me), got mention everywhere from the Wall Street Journal to Newsweek, Walmart was already on an anomalous appreciation streak (if you look at the graphs on ameritrade), and every graph of every year recent and prior to this shows a peak beginning slightly before Christmas and ending sometime between January and March. I think that Walmart will drop at least five dollars per share between New Years and March. I also don't know my ass when it comes to the stock market thing. This will be my first forray, unless someone deters me by better judgement. I love the thought of profitting off the decline -if even a momentary decline- of the new world order. Problem is, if I'm wrong, I will have straight up given Walmart my money, without any chinese plastic, hot pink apparel, or censored book or album to show for it. Any of you anticaimanites have any advice? Actually, I don't think I've ever taken much advice, but anybody wanna share my brain on this one? It kinda hurts.
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I would suggest that before d
Submitted by stevenl on Sat, 12/03/2005 - 6:49am.Yeah, go for a walk and get s
Submitted by Robert Whitlock on Sat, 12/03/2005 - 11:21am.Give up on gambling. It's addictive, and ultimately destructive to your constitution; too much stress. Instead, go for a walk, be grateful for what you have: live in a simple manner.