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Old 08-10-2008, 12:07 AM   #1541 (permalink)
Statistical Anomaly
 
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Guess what company I work for?
TIME TO BUY!!!

I would start scooping for your 401k... as long as your company doesnt totally tank it will recover and you will have lots of low cost stock
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Old 08-10-2008, 12:23 AM   #1542 (permalink)
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TIME TO BUY!!!

I would start scooping for your 401k... as long as your company doesnt totally tank it will recover and you will have lots of low cost stock
tell that to the happy employee's of Enron.
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Old 08-10-2008, 01:44 AM   #1543 (permalink)
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TIME TO BUY!!!

I would start scooping for your 401k
Thanks - my 401k has none of my comany's stock in it.
But It still managed to lose 12% this year.

No new exhaust for the Lotus.

At least it's not countrywide
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Old 08-10-2008, 10:18 AM   #1544 (permalink)
... _ . ..._ .
 
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TIME TO BUY!!!

I would start scooping for your 401k... as long as your company doesnt totally tank it will recover and you will have lots of low cost stock
Timing is everything! I essentially paid for my Elise from stock options and stock purchased through an employee stock purchase plan. I had enough company stock that I could have sold it to pay for the car. Instead, I paid for the car from my home equity line of credit, expecting the stock would continue to appreciate. I knew a lot of people that used the ESP to get a 15% return every six months -- the ESP allowed purchase at 6 month intervals at 15% below the lowest closing market rate of the beginning and ending dates of the ESP period.

I bought the car in January 2006 and had planned to sell stock and pay off the HECL loan 15 to 18 months later. I didn't get the chance. The company was target of a $4B leveraged buyout and became privately owned. I paid about $15/share. The buyout offer was $40/share and occurred in December. My target to sell was only $23/share. I had a windfall

There is an epic fail in all of this. The company raised $2B in debt to help finance the buyout. The economy started to sour and the company's major customers started to tank. They were not making enough to cover interest on that $2B debt. Their financial statements only show a profit if the remove tax and interest expenses... after taxes and interest they're losing big time!

They've had several big layoffs to cut expenses... I lost my job a year ago, there was another layoff 6 months after that, and I expect they're about due for another one.
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Old 08-10-2008, 07:37 PM   #1545 (permalink)
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I knew a lot of people that used the ESP to get a 15% return every six months -- the ESP allowed purchase at 6 month intervals at 15% below the lowest closing market rate
Yes, the ESP is very useful in successful stock trading.
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Old 08-10-2008, 07:48 PM   #1546 (permalink)
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<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/65I0HNvTDH4&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><embed src="http://www.youtube.com/v/65I0HNvTDH4&hl=en&fs=1" type="application/x-shockwave-flash" allowfullscreen="true" width="425" height="344"></embed></object>
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Old 08-10-2008, 08:05 PM   #1547 (permalink)
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<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/65I0HNvTDH4&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><embed src="http://www.youtube.com/v/65I0HNvTDH4&hl=en&fs=1" type="application/x-shockwave-flash" allowfullscreen="true" width="425" height="344"></embed></object>
Rick Rolled!!!!
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Old 08-10-2008, 08:59 PM   #1548 (permalink)
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Rick Rolled!!!!
+1 bahaha made my night
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Old 08-10-2008, 09:24 PM   #1549 (permalink)
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LMFAO.... that's hillarious... too much extra time on his hands.
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Old 08-11-2008, 06:33 AM   #1550 (permalink)
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Epic big-mouth fail
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Old 08-11-2008, 06:53 AM   #1551 (permalink)
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Quote:
Originally Posted by Monsi View Post
TIME TO BUY!!!

I would start scooping for your 401k... as long as your company doesnt totally tank it will recover and you will have lots of low cost stock
Sooooooooo.... you're saying it will go up unless it goes down? Very helpful.

xtn
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Old 08-11-2008, 07:24 AM   #1552 (permalink)
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Epic big-mouth fail

That was so fantastic - nothing like shutting down a big mouth frog
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Old 08-11-2008, 08:14 AM   #1553 (permalink)
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Old 08-11-2008, 12:25 PM   #1554 (permalink)
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Buttonwillow Bus Stop Fail!

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Old 08-11-2008, 12:49 PM   #1555 (permalink)
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well he works at the company... if he sees people destroying all the documents around the office I would say dont buy...
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Old 08-11-2008, 01:04 PM   #1556 (permalink)
<....>
 
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well he works at the company... if he sees people destroying all the documents around the office I would say dont buy...
hahah I remeber whne the company went public. There were auditors all around and I loved to shred a whole bunch of old papers while looking over my shoulder. They looked at me and I looked away..... fun times
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Old 08-11-2008, 01:11 PM   #1557 (permalink)
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Old 08-11-2008, 02:05 PM   #1558 (permalink)
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OMFG @ Wii Fail!!!!
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Old 08-11-2008, 02:24 PM   #1559 (permalink)
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haha awesome.
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Old 08-11-2008, 02:29 PM   #1560 (permalink)
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Ok, that was funny, but a referenced vid, while not funny, was extremely fun to watch
<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/IWPxENqTSpA&color1=11645361&color2=13619151&fs=1"> </param><param name="wmode" value="transparent"></param><param name="allowFullScreen" value="true"></param><embed src="http://www.youtube.com/v/IWPxENqTSpA&color1=11645361&color2=13619151&fs=1" type="application/x-shockwave-flash" allowfullscreen="true" wmode="transparent" width="425" height="344"></embed></object>
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