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A friend and I tried it once. He sold his harley. We had this great plan to try the method listed above. He lost 13 hands in a row. Needless to say it did not work for him that night. I do o.k playing blackjack using a modified method. Never going over the 4th hand.
Posts: 1164 | From: KANSAS CITY | Registered: Aug 2003
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I was pretty much set on doing this but wanted to see if someone brought up any possible pitfalls that I hadn't thought of. That was the main reason for posting it here. Everything everyone has brought up I have already thought of. The main reason I brought it up under this thread is this seems to be the only one anyone pays any attention to. I went to the stocks over $5.00 thread and there hasn't been a posting in 3 days. I wanted to get an opinion fast. Thanks for everyone's input. If you want to close this thread go ahead. I got what I needed. I will keep everyone posted after all is said and done. On a side note I was already planning on waiting till it dropped down to around $27 or so. Hopefully it will before November 15th.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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Microsoft stable??? - I know MS dominates the market, but the reliability of the product is poor (patch on top of the patch) - 45K is a high risk, the money you collect on divident will give you a gain, but at the same time you may loose in pps if for some reason things go wrong.
Posts: 1021 | From: Canada | Registered: Feb 2004
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quote:Originally posted by TradingWizard: Microsoft stable??? - I know MS dominates the market, but the reliability of the product is poor (patch on top of the patch) - 45K is a high risk, the money you collect on divident will give you a gain, but at the same time you may loose in pps if for some reason things go wrong.
When I say stable I mean it is a heck of alot more stable than a penny stock. for microsoft to take a 10% to 15% dump in a day or two would have to constitute huge negative news whereas a penny can drop 10 to 15 percent in a day just because it feels like it on no news at all.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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Crazy thoughts are for crazy people, and infact those who are crazy are rich or poor. Make your own decision. 45 Grand pumps my adrenaline up. If you have decided, good luck and hope it works for you.
I started my portfolio with 3 grands on a margin account. In 7 months I am up by 23 grand. All with swing trade. Did try penny recently but lost 2 grands in it and so I dont think I will touch it for some time, unless somebody pulls me into it explaining how this penny world works.
My advice is to go brick by brick. Never to jump on one thing. chubby.
Posts: 83 | From: NJ, USA | Registered: May 2004
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the stock WILL drop on the ex-div date! it may open up a bit but from the ex-div price but you aren't going to make money from the div play unless the stock goes up right after you buy it and then you should sell it! microsoft is GIVING 45(is that the right amount?) billion dollars away. this money is no longer with the company which is why the stock will drop on the ex-div date. stocks don't always drop the exact amount of the div. sometimes more sometimes less but it will drop. if you want to hold MSFT for a few more months or years it may get that price back. only people that don't know how divs work try to make this play though. it only works when these crappy penny stocks issue stock divs and the price is already so low it can't go down any more, lol
Posts: 1045 | From: novato,ca,usa | Registered: Aug 2003
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if your set in your mind at least get a option bigger gains (and you will not need 45000 and can get same monetary gain and the day before dividend short it backwards (may gap down then panic the people playing the dividend game causing it to go even futher down) with what ever you made on the trip forwards. I love risk but play smarter not harder
------------------ Einsteins 8th wonder of the world was the power of multiplication-Buffology lives on in penny land