Buy $100 of stock tomorrow just to spite the terrorist

notfred

Lifer
Feb 12, 2001
38,241
4
0
no, I wont buy stocks, I have no experience with the stock market, and no desire to make bad investments just to make a point. I will support the american economy though, my car's still not running 12's :)
 

Static911

Diamond Member
Nov 24, 2000
4,338
1
0
funny...

my human-powered bike can't reach low 25's for a 1/4 mile :)

I'm JOKINg, i don't even own a bike here in dallas, just a beat up ls400 which i, must admit, am driving that car to the ground


static911
 

n0cmonkey

Elite Member
Jun 10, 2001
42,936
1
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IF you are NOT going to buy stocks, please donate atleast $100 to the red cross or other charities that are helping out. This past weekend, the local bar I liv^H^H^H visit had a donations bucket, and I managed to put in over $200 of my already stretched budget. They need the money more than I do right now...
 

Wingznut

Elite Member
Dec 28, 1999
16,968
2
0
Yeah, buy Intel stock!!! ;)

Seriously though, I purchase stock on a regular basis. I'm not sure if tomorrow is one of the days or not.
 

antness

Banned
Jul 22, 2001
295
0
0
how do you buy $100 worth of stocks? what kind of accounts do you guys have? the commission alone would be almost half that after buy/sell! and what about minimum purchase?
 

Logix

Diamond Member
Jul 26, 2001
3,627
0
0
$100 worth of stock isn't very much, and it would end up being something like 4.52 shares of a company. Because it's not a multiple of 100 shares (round lot), the commission would be excessive.

The email going around urged people to buy 100 shares of their favorite company. So, for example, 100 shares of Microsoft @ $57.58/share would come out to $5,758. That's a lot of money for one individual, but absolutely miniscule in the big picture.

This whole stock-buying campaign is a nice idea, but it probably won't do much. The best way to keep the market from tanking is if people decide not to sell come Monday.

And, the Red Cross could use that $5,758 a lot more than the stock market.
 

Bob/NYC

Golden Member
Oct 9, 1999
1,278
0
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Actually, the SEC is considering lifting the limit for companies to buy back their own shares, especially on a drop. Rumor is the Fed will drop interest rates 50-75%. If you buy stock, buy quality. No Yahoo crap. GE, IBM, Microsoft, which are all safe to hold if it drops after you buy it.
Expect airlines to drop like a rock, for a good discount if you have gambleing money. Defense stocks will probably rise so fast, you can't catch them cheap. I think the NYC Comptroller, Alan Hevasy said the NYC Pension Plan is buying big time, but I'm not positive.
 

crabbyapple1

Banned
Sep 10, 2001
345
0
0
Yeah I plan on buying stocks. But that's after the massive dumping at the beginning. Asian markets and european markets took a hit because of their fears. Americans will have the same fears. Therefore tomorrow is my bargain hunting day. :)
 

GasX

Lifer
Feb 8, 2001
29,033
6
81


<< how do you buy $100 worth of stocks? what kind of accounts do you guys have? the commission alone would be almost half that after buy/sell! and what about minimum purchase? >>


www.oneshare.com
 

Cyberian

Diamond Member
Jun 17, 2000
9,999
1
0


<< Bump to get the market back up ^^^^^ buy buy buy

Don't sell sell sell
>>


Perhaps I am a bit naive or uneducated about the stock market.
How can everyone buy $100 worth of stock? If I want to buy a stock, doesn't someone else have to sell it?
 

AmbitV

Golden Member
Oct 20, 1999
1,197
0
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<< Perhaps I am a bit naive or uneducated about the stock market.
How can everyone buy $100 worth of stock? If I want to buy a stock, doesn't someone else have to sell it?
>>



That's why there is the price of the stock. If everyone wants to buy, the price will just keep going up until noone wants to buy anymore.

Just like now, everyone wants to sell. So prices are dropping and will continue to do so until it reaches levels where people don't feel it's worth it to sell anymore
 

LocutusX

Diamond Member
Oct 9, 1999
3,061
0
0
Buying $100 worth of stock won't make one whit of a difference. It's the MM's that dictate the rise and fall of stocks, and they deal with hundreds of thousands of $$$ (if not millions) of stock value, not a mere $100.

A charity organization could use that $100 far more than the economy.
 

BrintonAA

Senior member
Jul 6, 2001
651
0
0
I am planning on buying a few hundred dollars worth sometime this week, mainly because prices are so low!
 

n0cmonkey

Elite Member
Jun 10, 2001
42,936
1
0
Total unabridged, unrepentant neffing:

GIVE THE $100+ YOU COULD SPEND ON STOCKS TO THE RED CROSS. YES THE ECONOMY NEEDS IT, BUT THERE ARE MORE IMPORTANT THINGS THAN MONEY.

Great idea, but our focus should be on American citizens, not American money (in my opinion).