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Discussion in 'The Bar' started by Mutt Sucks, Nov 28, 2012.
Facebook was a great buy high 19s now 26 range. Buy Groupon at this level for a nice pop.
Can you get stock in shoeshine boxes?
GRPN up almost 5% per-market
Mutt sucks "go get your shoeshine box" did turn out to be one of the funniest threads of all time.
And I bet he still doesn't know why that thread was funny.
At least I made everyone laugh.
Short Apple at these levels.
Actually other people made everyone laugh at you but hey, whatever helps you sleep at night.
Cool. I can laugh at myself.
you might get a short term pop out of groupon but thats a definate sell. tereeible business model, should have never gone public. shit company shoulda sold to google a few years ago.
I am a stock ignoramus. What does it mean when you short a stock and how do you go about doing it?
Shorting is the opposite of buying. You want the stock to down. So if Apple is selling for $480 and you short it, anything under $480 is a profit. When you want to sell it, you use the word buy to cover. This means you are cashing in.
Why does Mutt suck
The best stock advice should probably come from a cocaine lover on the internet named mutt sucks who doesn't know the difference between a shoeshine box and a shine box.
Never mind this. I just looked up short selling and I understand the process now. Thanks for your explanation. I read that some guy shorted a lot of banks right before the housing mortgage debacle and he made billions.
Ok, I am still confused. How much money are you putting up to start this process?
You can short with any amount. There are guidelines if the stock goes up too much you have to add more money in or the brokerage will sell it. Another great way to leverage bets is to use a Margin Account. You are borrowing from the brokerage and using your stock as security. They will give you up to 50% of the fair market value of the equity.
Facebook is a great buy here. It will go over 30 bucks with no problem.