[Hold My Own]

EDIT: I'm not talking about IPO's but rather the right to own a stock already in existence in the future

I'm not sure how many watched the video I posted in the thread "Jim Cramer: He's one of the best in the game"


Lenny Dykstra has done VERY well buying the "right to own stocks early" I have no idea what that means and was hoping someone could help me understand it. Is this something you could do on E*Trade or through your stock broker?


Theres no cussing in this radio interview but he talks about it in it (quite possibly one of the funniest interviews I've ever heard)

http://www.bugsandcranks.com/philadelph ... -williams/


Bottom of page listen to the full thing



So is anyone on here familiar with what it is he's going???

[RagingTireFire]

the right to own a stock already in existence in the future

The answer is simple. Time machine.

[Hold My Own]

I lost the crystal prism...so that rules out the Time Machine

[RubberMallet]

are you talking about trading options? lenny has done a great job trading options which are very speculative....say you want to buy some stock. but you don't want to buy them now. you agree to buy 10,000 dollars worth of stock in 2 weeks. for that you pay a fee of $500. now you have the power. in 2 weeks the stock skyrockets and your 10,000 worth of stock is now worth 20,000. you still only pay $10,000. but it can also go the other way....it can plummet. in which case you can decide to not buy it but you are still out the 500 bucks...

does that make sense?

[Hold My Own]

I think that is what he's doing....so I need to research Trading Options? I just had no idea what to even study to learn about...didnt even know what to google!

[RubberMallet]

technically you are buying stocks later at a certain agreed upon price set now. which i guess is constituted as buying early....yeah options trading is what you are looking for i think. because i also know thats how lenny has made a bit of money...

[LUconn]

HMO, I don't think you really want to do this. Long term investment in diverse stocks is the way to make money. Almost everything else is luck or insider trading.

[Hold My Own]

I agree to a certain extent...while I'm single and dont have a family I dont mind putting 20%-30% towards this type of investment while the rest goes towards Mutuals and Bonds and stuff

[jcmanson]

Just be careful bro. I've known people to blow everything doing this type of thing.

[LUconn]

and if you can afford it, it's fine I guess. But that's like you putting 20-30% towards the slot machines in Atlantic City. Not the best way to make money, but it's possible I guess and not doing any harm if you don't miss that money.

[LUconn]

I will tell you what is a good investment of your time AND money

http://en.wikipedia.org/wiki/Beale_ciphers

Millions are awaiting you in Bedford!

[Hold My Own]

I will tell you what is a good investment of your time AND money

http://en.wikipedia.org/wiki/Beale_ciphers

Millions are awaiting you in Bedford!

Looks like I'll be busy for the next few weeks....


How do you know about this stuff...I mean really

[RubberMallet]

options trading is fine its just another investing technique that takes time...i have no problem relying on fund managers to make those decisions for me.

50% of my money (it is also matched) goes into an oppenheimer allocation fund (mutual fund of mutual funds) and the 40% goes into my vanguard funds (half US half Global). i own a few stocks (cisco, bp, mcgraw hill, pfizer) and a few other big companies and then a bunch of small stocks i'm toying around with.

so far the toying around is ok...it really isnt' doing much esp right now.

i look at it once a month because of one program i've started. its pretty good and worked well for me. its called www.magicformulainvesting.com.

[LUconn]

I will tell you what is a good investment of your time AND money

http://en.wikipedia.org/wiki/Beale_ciphers

Millions are awaiting you in Bedford!

Looks like I'll be busy for the next few weeks....


How do you know about this stuff...I mean really

I read about it in a book on Saturday. I've been reading about it ever since and I'm convinced I can find it. There's a website where some guys claimed to have found it. They have pictures and everything. But it's obviously fake since they are so vague and have been stalling to give out any info for the last 7 years.

[Hold My Own]

take some vacation time...and we're off

[RubberMallet]

that would be awesome....

[dcbailey]

First trade: Sell Cramer
Second trade: Buy Buffett

[RubberMallet]

kramer is for people with too much time on their hands...his show on the radio used to be great....now his whole "IM INSANE" retoric is really really annoying...

[Hold My Own]

bottom line is he knows his stuff...there are websites that track his picks...and well...they generally do really really well

[LUconn]

It could be because he has a large audience. Find a worthless stock, list it as a buy, millions who listen to you buy, and it's now valuable. He is ethical enough that the money he makes doing things that way go into a charity.

[Sly Fox]

He's an entertainer who does offer legitimate tips. But I'll back up dcbailey on his analysis.

[Hold My Own]

But it's really not up to me to dive into his motivation or reasons his stocks do well...it's just up to me to listen and accept the outcome...I could careless why they go up! Just as long as they do!

[RubberMallet]

It could be because he has a large audience. Find a worthless stock, list it as a buy, millions who listen to you buy, and it's now valuable. He is ethical enough that the money he makes doing things that way go into a charity.

thats how spammers do it.

do you ever get those spam emails that say BUY BUY BUY this stock!!! ?

when you send that email to millions and millions of email accounts, unfortunately a % of people actually do buy buy buy. it causes the price to go up, the spammers then sell the stock and make a few hundred bucks ..

i think cramer is good and knows his stuff....but hes on the verge of day trading...nobody has the time.