[geeks] NOW at GEEKS! Re: [rescue] SGI stock @ 53 cents

[David Cantrell]

On Wed, Jul 11, 2001 at 06:42:07PM -0400, Jonathan Katz wrote:
> Ken wrote:
> > Having said that, I just placed an order for 200 shares at $.65/share (a
> > limit order) - this will be the first stock I own that i *bought* under
> > $1/share!
> 
> Pennystocks bad. I've lost my shirt there.

<nod nod> but if you have the money to spare, why not?  Just as long as
you remember that the stock market is nothing more or less than gambling,
and you should treat your personal 'investment' the same as you would the
money you take to the races - that is, you can afford to lose it, and
you certainly shouldn't expect to make a profit.

> > Then there is Red Hat @ $4/share - yesh, I can remember when... (Heck, Red
> > Hat paid for my Graduate School - quickly flipped some friends and family
> 
> Down-payment on the Jon-pad. e-trade didn't like me for that. Neither
> did the accountant.

I don't understand why an accountant would disapprove of you using the
money in such a responsible manner!  Surely the Jon-pad is now worth a
*lot* more than the shares would have been if you'd kept them, so it
seems pretty prudent to me :-)

-- 
David Cantrell | david at cantrell.org.uk | http://www.cantrell.org.uk/david/

       Defecate, don't decaffeinate!