To: rohry
I've been making good money on my dividend stocks and on my Put contracts (my Merk Puts are looking rather timely right now).
It's the poor fools who are buying into the no-dividend, so-called "growth" stocks who are going to get fleeced. If a company doesn't pay you a dividend, then why own it, after all?!
3 posted on
07/09/2002 4:22:40 PM PDT by
Southack
To: Southack
I hate that stupid bull logo of yours but I congratulate you on your Merck puts. Good call!
4 posted on
07/09/2002 4:25:10 PM PDT by
rohry
To: Southack
To: Southack
The real problem we have here is that most of the idiot public,(you know, the majority who voted for gore), have no idea what a dividend is! I try to smarten up the people I work with but they are too lazy to care. People seem to be more interested in what Madonna is doing than what their own retirement money is doing. I had a conversation with one guy I work with the other day. He rode 100 shares of Qualcomm stock from $150 all the way down to $28. I asked him why he didn't sell once his losses exceeded 10%. Of course, he gave me the standard answer, "It'll come back some day." The ill educated public will make multiple, idiotic decisions then blame it on Bush when it blows up.
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