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The Unofficial Opie & Anthony Message Board - Support the War Effort: BUY STOCKS


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Posted ByDiscussion Topic: Support the War Effort: BUY STOCKS
Spork
posted on 09-15-2001 @ 6:17 PM      
Psychopath
Registered: Jun. 01
On Monday, please try to do your best and buy some stocks, if you're so inclined.

I would equate selling stocks on Monday to simply be un-American!

Now you don't necessarily have to run out and buy airline companies who will probably see their stocks plummet, but pump some of your money into the market, it will help all of us and show that you cannot make a dent in our economy by trying to terrorize us!

You can see from the following story the type of people who sell stocks in these times:


Sept. 15 — The Italian newspaper Corriere della Serra reported Saturday that associates of Islamic fanatic Osama bin Laden might have used short-selling to make a profit on Tuesday’s terror bombing. The newspaper said the FBI is looking into possible short-selling of the stocks of reinsurance companies in the four trading days before the terrorist attacks on the United States on Tuesday. Short-selling can produce huge profits when a stock plummets because of bad news.




Thank you to all the brave volunteers who brought us all together as a country,
and thank you to those of you brave soldiers who will fight and have fought for our country.
We are a free people because of your efforts.
Froy
King Shit
*board owner*
posted on 09-15-2001 @ 7:21 PM      
O&A Board Veteran
Registered: Feb. 01
It will be an interesting week on wall street to say the least. The value of a dollar against foreign currency has dropped in both Asia & Europe. The Fed lent 50B to stabilize overseas markets, and is now talking about cutting interest rates by a huge 3/4 of a point. Look for lots of ups and downs.


Is my train in vain, has my soul gone to waste
Am I just a victim of, a victim of my lost faith
Leaking Nipples
posted on 09-15-2001 @ 7:23 PM      
Psychopath
Registered: Mar. 01
The market will go down. But I doubt it will affect most people. Enough people seem ready to put money in the market that nothing catastrophic will happen. I'm just really worried about the airlines. Only the most patriotic will buy stock in those companies. It's a shame. As much as we band togther in New York, the terrorists still have managed to bring the Flight industry to its knees. You know one airline will go bankrupt in the next few months.

I think everyone should, as soon as all the airports are as close to normal as they are ever going to be, go on a flight. You could save the flight industry, and give a big FU to the terrorists. YOU WILL NOT STOP US FROM LIVING OUR LIVES!!!!!!!!

Spork
posted on 09-15-2001 @ 9:27 PM      
Psychopath
Registered: Jun. 01
Here's a great article, that explains the patriotism of purchasing stocks on Monday

(as an FYI, you could always go grab something like Comdisco which basically is a company that stores computers and sets them up at remote sites for companies - disaster recovery type stuff. Their 52 week high is $25 or so - as of Monday they closed at 64 CENTS. That's a company that will almost certainly shoot up after this event)

quote:
Extra!
Doing my part: I’m buying stocks at the opening
On Monday morning, columnist Terry Savage will send a message of defiance and hope: She'll invest in an icon of capitalism, General Electric.
By Terry Savage

Some people are giving blood. Some people are hanging flags. My act of personal patriotism is to buy stocks. On Monday morning at the opening, I've directed my broker to buy 100 shares – nearly $4,000 worth of stock – in America's largest company, General Electric (GE, news, msgs).

This is not a short-term trade. I know the price of many stocks will swing erratically on Monday. The opening may be the best price -- or the worst price -- of the day. But I'm not investing for a day, or a week, or even six months. This stock is going in my long-term investment account. I'll make another decision in two years – not before.

It doesn't matter that after I'd placed the order, GE lowered its third-quarter profit forecast, citing the costs it will incur as one of the largest reinsurance companies facing claims from the terrorist attack on downtown Manhattan. And it doesn't matter that NBC (which GE owns and for whom I do commentary on their WMAQ-TV station in Chicago) will lose a fortune as it broadcasts non-stop without commercials this week. This is not about earnings.

Buying stock in America's largest capitalized company is not a professional investment decision -- the kind of action I've learned to take in my 30 years in the financial services industry. It's not what I learned to do as a broker, or as the first woman floor trader on the Chicago Board Options Exchange.

In fact, those years taught me quite the contrary. I learned to use fact-based decision-making, not emotion. Learning the importance of self-discipline has been one of the greatest investment lessons of my lifetime. So I acknowledge that this is a purely emotional decision. And I'm proud of it.

I'm proud of my belief that America will survive and prosper, over the long run, as it always has. This is my way of singing “The Star Spangled Banner.” And I find I'm not alone. Friday afternoon, I received an e-mail "chain letter" -- urging people to buy $200 worth of stock or mutual funds at the opening Monday. I usually delete that kind of e-mail. But this wasn't spam. It was a collective sense of the importance of making a gesture.

The terrorists aimed at the financial center of the world -- the center of free enterprise capitalism. What they didn't realize is that the center of free enterprise is not in one geographic location or two towering buildings. It is in every American's belief that opportunity exists for a better financial future – for themselves and their children.

That opportunity is represented in our stock markets. That's where my optimism will be displayed. I can't think of a better message to send those terrorists.





Thank you to all the brave volunteers who brought us all together as a country,
and thank you to those of you brave soldiers who will fight and have fought for our country.
We are a free people because of your efforts.
Leaking Nipples
posted on 09-15-2001 @ 9:38 PM      
Psychopath
Registered: Mar. 01
I agree with the idea of that article. However, I think there are other companies that need support much more the GE. Something tells me America's largest capitalized company is gonna get through this relatively fine. American Express lost their building, I think they might be in trouble. Espeically if they stored client info in that building that wasn't backed up elsewhere.

Spork
posted on 09-15-2001 @ 10:43 PM      
Psychopath
Registered: Jun. 01
It's VERY VERY rare that any financial institutions aren't smart enough to, at the very least, store backup tapes off site.

I know that at the un-named financial institution where I work they have almost everything backed up, with a lot of mirroring of data, or at the least, off-site storage of backup tapes that can be restored to new servers.

The disaster recovery industry will hit a big upswing. That is one sector that I would look at closely.




Thank you to all the brave volunteers who brought us all together as a country,
and thank you to those of you brave soldiers who will fight and have fought for our country.
We are a free people because of your efforts.



Displaying 1-6 of 6 messages in this thread.