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Geek Culture / [LOCKED] Heading towards a recession?

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kaedroho
17
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Joined: 21st Aug 2007
Location: Oxford,UK
Posted: 23rd Oct 2008 23:29
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Quote: "Amurica is the future. You guys need to get out of your igloos and bear tents and come to the land of freedom."


I think im perfectly happy in the UK. If not, ill move to Austrailia.

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Grandma
18
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Joined: 26th Dec 2005
Location: Norway, Guiding the New World Order
Posted: 23rd Oct 2008 23:32
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Quote: "Amurica is the future. You guys need to get out of your igloos and bear tents and come to the land of freedom."


That reminded me of a comment I got on youtube once. I don't have it stored anywhere but it went something like this: "LOL Norway isn't even a country. It's just a tribe living on an iceberg! Crawl out of your iglo and brush your tooth, goofy". That's as close as I can remember it.

Haha, I love how he said tooth, singular.

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Frankie Pawnage5
16
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Location: squidwards nose
Posted: 23rd Oct 2008 23:33
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America the future? yeah right.
If any country wants to go ANYWHERE, it will be China.

dude if you really want a turkey sandwich, then make one, and make ham.sdaF?
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Cong
16
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Joined: 25th Apr 2008
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Posted: 23rd Oct 2008 23:36 Edited at: 23rd Oct 2008 23:38
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yes just prooves dictatorship allways works



although saying that what the poop is this eu dictatorship, the new hitler?
we did not even have a vote for them and they are now empowering england
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Satchmo
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Posted: 23rd Oct 2008 23:51
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I'm not joking. Other countries exist only because George bush decided they should.

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mamaji4
21
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Posted: 23rd Oct 2008 23:53
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I think it's a global problem and the dominoe effect is showing on emerging markets around the world.
Deflation rather than inflation is going to be the biggest worry.
Check your Bank ratings through any rating agency to see if they have an insolvency problem. Park it in debit instruments in safe institutions, rather than in the markets.
Treasury bond interest rates are on the rise, so that is a safe place.
And if you have some spare cash, go buy a doughnut and stop worrying. You'll just get ulcers at 13.
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draknir_
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Location: Netherlands
Posted: 24th Oct 2008 00:12 Edited at: 24th Oct 2008 00:54
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I retract my words, nice work Jeku.
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Jeku
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21
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Joined: 4th Jul 2003
Location: Vancouver, British Columbia, Canada
Posted: 24th Oct 2008 00:49 Edited at: 24th Oct 2008 00:50
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3 things:

I've deleted posts where people post their young ages. If I have to do this again there will be slaps handed out.

Quote: "What?"


Shorting stocks--- making money when the shares go down. In this economy it works. Try it.

@General Reed - Read the AUP. Slapped for 2 weeks. This is your last warning before a ban. Go to another forum if you want to be an asshat.


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mamaji4
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Posted: 24th Oct 2008 00:53
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Quote: "Shorting stocks--- making money when the shares go down. In this economy it works. Try it."


Shorting is dangerous if you're a noob in the markets. You have to be able to cover your positions and know where to put your stops or you're in deep trouble.
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Jeku
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Posted: 24th Oct 2008 00:57 Edited at: 24th Oct 2008 00:58
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Quote: "Shorting is dangerous if you're a noob in the markets. You have to be able to cover your positions and know where to put your stops or you're in deep trouble."


True--- with buying shares you can only lose the amount you've spent, at a maximum. With shorting shares there is no limit to your loss, technically. A buddy of mine couldn't buy back his shares when he shorted an illiquid stock (low volume), and he ended up owing his broker $6,000. They charge a ton of interest for the record.

I only deal in penny stocks (under $10) and EA shares, and I'll enter and leave a position sometimes in just 5 minutes. The other day I made $170 in 5 minutes I'm still a trader noob.


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mamaji4
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Posted: 24th Oct 2008 01:08 Edited at: 24th Oct 2008 01:17
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@Jeku

I've been in the markets for some time and I've seen also sorts of strategies and tried them all. If you're good at the game you'll average a 15% to 20% return on investment. But it will take the mickey out of you. It's not for the faint hearted. And at the end of the day its just a gamble, no matter what school you follow.
There's an old adage... "There's no such thing as an expert in the market"
Even if you spend a lifetime at it, you still won't be perfect, and just have a ton of ulcers. That's my personal experience.

Penny stocks are the worst to trade, because they don't follow the law of averages. If you really want to short the market, stick with the index stocks and factor in the movement of the index it belongs to, before making a trading decision.

My genuine advice to the youngsters on the forums. Don't be lured by the glitter. There are con artists all over the place, and you'll just lose your shirt and your pant.
There are two primary emotions that you feel when you trade. Greed and Fear, and oscillating between those two day in and day out will just mess up your life.
There is only one Warren Buffet. The rest of the Joes just lose their life savings thinking they can be Warren Buffet.
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Jeku
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Posted: 24th Oct 2008 01:16 Edited at: 24th Oct 2008 01:18
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Penny Stocks have a bad rep, but if you go to places like http://www.covestor.com/rankings/portfolio?showselector=1 you will see that 6 of their top 10 traders are penny stockers.

You can't fake your results on covester because they grab your data straight from your brokerage account.

Myself I follow Tim Sykes, the dude who turned $18k into $2 million buying and shorting penny stocks, and am still learning from him. Yes nobody can be an expert in the market, but you *can* have the odds on your side if you know what you're doing.


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mamaji4
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Posted: 24th Oct 2008 01:22
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"Timothy Sykes
Speculative Stocks only"

Speculation is what gives you sleepless nights. It's a dirty word.
If you're doing intra-day you'll realise over a year of trading what I mean.
I made the switch from R&D in a top company, because I thought I could make faster money in the markets. I'm still repenting at liesure.
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Jeku
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Posted: 24th Oct 2008 01:34
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Quote: "Speculation is what gives you sleepless nights. It's a dirty word.
If you're doing intra-day you'll realise over a year of trading what I mean."


If you follow his daily trades you'll see he mostly focuses on shorting scammy, hyped stocks that are built on crap. Once in a while he'll buy into a breakout. He always starts his search with technicals, not speculation, and since he rarely maintains a position overnight, I highly doubt he loses sleep. And he made a lot of money with self-taught techniques, nothing to sneeze at.

Quote: "I made the switch from R&D in a top company, because I thought I could make faster money in the markets. I'm still repenting at liesure."


I thought you said you were not even finished high school--- or am I mixing you up with someone else


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Sid Sinister
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Posted: 24th Oct 2008 01:39 Edited at: 24th Oct 2008 03:28
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Quote: "Typical american. Has no idea how corrupt america is, or even the fact that america takes all of its ideas from other countrys, and claim them as their own. You americans need to stop taking credit for other peoples stuff, and open your eyes. Life is just as easy, if not easier, in the UK and France. Here we dont have to worry about health care s**t, we have GOOD education as standard, and our prime minister is not a warmonger'er. In france its supposed to be even better, parents of a young child, can actualy get a baybysitter for free, 4 hours a day. Im america "the land of the free", you get none of this. You have to pay insane amount for health insurance, that is if you manage to get it. People like bush are constantly fooling you to beleive the war in iraq is actualy neccesery, when anyone in any other country can see otherwise.

No.. Its not the land of the free, its the land of profit and war. The only reason america was founded, was because a few idiotic people were unable to cope with the laws in england at the time, and so imagrated to america.

I understand that not EVERY american sees the world this way, but that sad truth is, that most people, including zeanassem do... You people need to wake up."



I have lost all respect for you. Thank you for being an ignorant, flaming, a$shole, as usual. Your too opinionated for your own good General Reed. You speak without thinking and when you do grace us with your stupidity, it's so aggressive that even if there was an ounce of truth to it, it comes off in way no one wants to agree with it. And how do you know this about America? Have you lived in America? If you haven't, then shut the frak up. You have no room to talk. So what, you've watched the news. You know what we think about France and half of England? I could tell you, but it doesn't matter. We are two DIFFERENT countries ran in two DIFFERENT ways. Please, get an education and understand the facts before you open your mouth and look like a fool. Now sit the hell down before I have BigAdd photoshop you an upside down bar stool for you to sit on.

Want to know what's wrong with this community? We can never have a civil discussion. You all do realize that if we were all here in person, you wouldn't be brave enough to say half the BS that we say here. Stop hiding behind the internet. Ignorance is not an excuse. If you wouldn't say in person, pack up your computer, cancel your ISP, and stick to watching soaps.

"If I have seen a little further it is by standing on the shoulders of Giants" - Isaac Newton
-Computer Animation Major @Baker.edu-
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mamaji4
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Posted: 24th Oct 2008 01:42 Edited at: 24th Oct 2008 01:50
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Quote: " And he made a lot of money with self-taught techniques, nothing to sneeze at."


Yeah. There are people with that kind of gift. But there are very few of them.

Quote: "I thought you said you were not even finished high school--- or am I mixing you up with someone else "

Lol.
That's a long story. It's something Chris K says everytime we have a math argument. And I just humour him by saying I'm still not out of high school.

A recession is serious stuff, considering the last was from 1929 to 1933. If we could have a proper discussion we might even be able to sail through it. So I was hoping that people would stay on topic and give helpful suggestions rather than making it into a national issue. Because it really is a global issue and affects each one of us.
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Jeku
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Joined: 4th Jul 2003
Location: Vancouver, British Columbia, Canada
Posted: 24th Oct 2008 02:12
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Well the madness hasn't really hit Canada yet. Our government has stated there will be *no* bailouts for banks. For some bizarre reason our dollar has tanked against the US dollar, but that is not a bad thing for us at all


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Mahoney
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Posted: 24th Oct 2008 02:16 Edited at: 24th Oct 2008 02:21
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Just forget it.

Windows Vista Home Premium Intel Pentium Dual-Core 1.6 Ghz 1GB DDR2 RAM GeForce 8600GT Twin Turbo
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General Reed
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Posted: 24th Oct 2008 02:50
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Quote: "Read the AUP. Slapped for 2 weeks. This is your last warning before a ban."

Ok im sorry, i dont usualy read the AUP's on forums. Guess i should. However i do think you have some kind of vendetta against me.

CPU: AMD X2 6000+ 3.0ghz GFX: NVIDIA BFG Geforce 8800GTS 640MB OC-550mhz core RAM: 2048mb

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General Reed
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Posted: 24th Oct 2008 03:04
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Quote: "I have lost all respect for you. Thank you for being an ignorant, flaming, a$shole, as usual. Your too opinionated for your own good General Reed. You speak without thinking and when you do grace us with your stupidity, it's so aggressive that even if there was an ounce of truth to it, it comes off in way no one wants to agree with it. And how do you know this about America? Have you lived in America? If you haven't, then shut the frak up. You have no room to talk. So what, you've watched the news. You know what we think about France and half of England? I could tell you, but it doesn't matter. We are two DIFFERENT countries ran in two DIFFERENT ways. Please, get an education and understand the facts before you open your mouth and look like a fool. Now sit the hell down before I have BigAdd photoshop you an upside down bar stool for you to sit on.

Want to know what's wrong with this community? We can never have a civil discussion. You all do realize that if we were all here in person, you wouldn't be brave enough to say half the BS that we say here. Stop hiding behind the internet. Ignorance is not an excuse. If you wouldn't type would you would say in person, pack up your computer, cancel your ISP, and stick to watching soaps."


I Admit, i have very very very strong opinions, but thats usualy because i spend soo much time really delving into the subject, before i make an opinion. Like i have read a lot of books, watched a lot of documentrys about america, and its ways, because im quite interested in the way its run. I have been to america many times, so i do know what its like. I do not talk without thinking, i just say what I beleive to be true. What on earth is wrong with that?

Quote: "We can never have a civil discussion. You all do realize that if we were all here in person, you wouldn't be brave enough to say half the BS that we say here. Stop hiding behind the internet. Ignorance is not an excuse. If you wouldn't type would you would say in person, pack up your computer, cancel your ISP, and stick to watching soaps."

Say i have a bad attitude, but in my case this is totaly untrue. I do a lot of body building, so i am quite a big and intimidating guy, so it makes it so much easier for me to say what i think. So if i think something, i say it. Its not like i stay behind my computer all the time. I go out a lot. Every weekend clubbing etc. What you have just described, is more likely yourself than me.

CPU: AMD X2 6000+ 3.0ghz GFX: NVIDIA BFG Geforce 8800GTS 640MB OC-550mhz core RAM: 2048mb

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BatVink
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Posted: 24th Oct 2008 10:08
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Like the stock market, this is only going downhill. Apologies to those who had a genuine interest in the topic.

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