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MadJack

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Buy 4000 shares of DXO
(DEUTSCHE BK AG LONDON BRH PS CR OIL DD ETN)
Limit at $2.5
Estimated Total: $-10,000.00
* Does NOT include commission and SEC fees. :shrug:

i think you pay when you sell. it says to call your ameritrade representitive :mj07:
 

dawgball

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Good info Vinnie. I feel more comfortable in DXO, and the only problem I have had with it so far is the potential and real tracking error. Not so much of a problem that I didn't buy it :), but it was/is a concern.

Just got back from a great meeting. Man, I love this town.

We were almost at my 2.50 order when I walked in. Now back up to 2.60.

I'm thinking about dropping my order price (since it's my last leg) down to 2.25. If I didn't have any right now, I would start buying at 2.60 then start averaging down.

As a reminder, my average price right now is 2.69.
 

vinnie

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i think you pay when you sell. it says to call your ameritrade representitive :mj07:

TD AMERITRADE charges a sales fee on certain sell transactions. The sales fee is assessed at a rate consistent with Section 31 of the Securities and Exchange Act of 1934. As of May 1, 2008, this rate is 0.0000110 x gross proceeds of transactions, except for those transactions exempt from Regulation 240.31
 

vinnie

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ok I'm all cash till I do some homework Good Luck Guys ! See ya next year :sadwave:

HAPPY HOLIDAYS

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MadJack

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ok I'm all cash till I do some homework Good Luck Guys ! See ya next year :sadwave:

HAPPY HOLIDAYS

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TreeTurtle.gif

have fun

happy new year, xmas and all that :toast:
 

dawgball

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I have some of this in my investment club.

Buy TSON; sell order at 9.75 is what we have
 

justin22g

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Any of y'all own UGA (US gasoline fund)?

I saw a thread about it that DTB posted in the movers and shakers forum.

How to lock in low gas prices


Do any of you think it's too good to be true?

My grandparents gave me a pretty hefty graduation check, so I'm thinking of throwing the majority of it in this ETF.

I am also eying UMB SCOUT INTERNATIONAL FUND

I am planning on saving up ALL my extra money through law school, so when i graduate I will have some $$ for a down payment on a house.

how do these funds look?
 

dawgball

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justin - thinking long term, it's hard to think that $1.50 gas is not extremely cheap. You may not see any real growth for a little while, but gas just getting back up to $2.50 per gallon would be a 66% gain. I think we see that over the next three years, for sure.
 

justin22g

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justin - thinking long term, it's hard to think that $1.50 gas is not extremely cheap. You may not see any real growth for a little while, but gas just getting back up to $2.50 per gallon would be a 66% gain. I think we see that over the next three years, for sure.

exactly... and thats what i'm looking for.

I don't want to put it in a lousy 2% savings acct, but the money IS safe there.

I don't see gasoline getting much lower... but you never know?
 

MadJack

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wednesday market

wednesday market

look at these crooks!

i actually owned this stock in december and made a nice profit. good thing i didn't hold :scared

tuesday close: $9.35
premarket: $1.51 :scared

Satyam Computer head quits, admits doctoring books

India's Satyam Computer head quits after admitting falsifying accounts; shares plunge 78 pct
Muneeza Naqvi, Associated Press Writer
Wednesday January 7, 2009, 7:18 am EST
Yahoo! Buzz Print Related:Satyam Computer Services Ltd.
NEW DELHI (AP) -- The chairman of India's Satyam Computer Services Ltd. quit Wednesday after admitting the company's profits had been doctored for several years, shaking faith in the country's corporate giants as shares of the software services provider plunged nearly 80 percent.

Related Quotes
Symbol Price Change
SAY 9.35 0.00


{"s" : "say","k" : "c10,l10,p20,t10","o" : "","j" : ""} The company's balance sheet -- riddled with "fictitious" assets and "non existent" cash -- contained a $1 billion hole that could no longer be concealed after a deal intended to save the struggling company was scuppered, Chairman B. Ramalinga Raju said in a letter to the board.

"Every attempt made to eliminate the gap failed," said Raju, 53. "It was like riding a tiger, not knowing how to get off without being eaten."

B. Rama Raju, managing director of Satyam Computer and the chairman's brother, also quit.

News of the fraud dragged down the benchmark Sensex stock index 7.3 percent to 9,586.88 with Satyam's shares plummeting nearly 78 percent to 40 rupees. The accounting scandal raises questions about the quality of corporate governance in India and is likely to reverberate around the region.

Satyam, which means "truth" in India's ancient Sanskrit language, had "inflated profits over a period of (the) last several years," Raju said in his letter, which was released to the Bombay Stock Exchange.

For the July-September quarter alone, operating profit of $133.4 million had been overstated by almost 11 times the actual result.

Rajeev Sampat, an independent analyst, said the amount and nature of the fraud had shocked investors.

"It is one of the biggest frauds the Indian capital market has seen. People have been taken by surprise by the gravity of the event," he said. "After overstating profit and understating debt, the company's net worth is zero."

Satyam said in a statement that it was "shocked by the contents of the letter" but the company would rally to find a way forward.

Raju said that none of the other board members had any knowledge of the company's real financial situation and apologized to all stakeholders in his letter, claiming that he had not benefitted from the doctored results.

"Neither me, nor the managing director took even one rupee/dollar from the company and have not benefited in financial terms on account of the inflated results," he said.

The son of a grape farmer in India's southern Andhra Pradesh state, Raju founded Satyam in 1987 and over the last two decades the company became India's fourth largest software services company. A key player in the Indian outsourcing industry, the company is listed on the New York Stock Exchange.

After getting a business degree from Ohio University, Raju first started a weaving mill and then ventured into real estate before diversifying into the software services industry.

The financial troubles at Hyderabad-based Satyam started becoming public last month when outraged investors forced the company to call off a $1.6 billion acquisition of two construction firms both partly owned by Satyam's founders, including Raju and his family.

Compounding Satyam's problems, the World Bank last month barred the company from receiving direct contracts from the bank for eight years for what the lender said were inappropriate business practices.

The Securities and Exchange Board of India, the market regulator, said it was investigating.

"We have to go beyond this letter and find out what actually has happened," SEBI chief C.B. Bhave told reporters. "This is an issue which has very serious implications. It involves the Companies Act and the violation of the listing agreement with SEBI. It also raises the issue of authenticity of accounts that have been audited and certified by the auditors."

Associated Press writer Ramola Talwar Badam in Mumbai contributed to this story.
 

MadJack

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tuesday close: $9.35
premarket: $1.51

$1.03 now. imagine how many people are getting totally wiped out. fuking crooks!
 

BobbyBlueChip

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Indian Companies are subect to two different audit firms examining their accounts, so this is surprising.

Jack - Why were you investing in them in the first place? Was it based on looking at their financial statements?
 

MadJack

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Indian Companies are subect to two different audit firms examining their accounts, so this is surprising.

Jack - Why were you investing in them in the first place? Was it based on looking at their financial statements?

no, i have been flipping stocks. that stock took a huge dip when they decided NOT to buy a company last month. i bought in on the dip and rode it up for about 24 hours and made a nice little score. i'd have to go back about 80-100 trades to look it up for exact figures. :mj07:
 

MadJack

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btw, it was down to 70 some cents and now trading has been suspended. poor people in some forums have lost everything. what a horrible mess.
 

redsfann

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:topic:

I got the hat 2 days after I sent you the link, Jack. Thanks. I dunno how you got Jr11's return address on the box, though..:shrug:

Too busy to take any time for trading right now; still sitting on 2000 F that I bought at 3.18-either going to sit on them a while or eat the loss when I have more than 5 minutes to make a decision...
 

smurphy

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Good time to buy in final hour today.

Bought AKS. I think steel will be a good place to be.

Glad to see the drop in oil. I think it will trade roughly between high 30's and high 40's for a while. ....I think.:shrug:
 
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