Friday, May 6, 2011

superstock

I just placed an order for 30,000 shares of a stock that's trading at 3/10ths of a cent. If it gets filled, it'll cost $100. The chart tells me this stock is very likely to go to $300. In the next couple of years, maybe. If that happens, my $100 investment would be worth $9,000,000. I'd like to buy $1000 worth, but I'm short of cash. I'm letting a couple of friends know about the idea ... that this might be real. Maybe they'll give me some money to put into it, as a kind of fee. But the idea that stocks can make gains of 1million times - 1 million bangers - might have value in itself. I want to talk to people about getting into the mutual fund business. And I want to develop better analytical software. I can find these kinds of things, but it's a lot of work, and it doesn't need to be. Anyone (developers, investors) in the market for ideas ... ?

The ethics of this are kind of confusing. If nature put all sorts of wildebeests on the savanna, why shouldn't I, a self-respecting lion, eat my fill (of babies, no less). At the same time, I do think it's a stupid product - cancer detection. And the giant rally is probably nothing more than a panic. All the people who buy my shares at the top are complete suckers, who are going to get hurt. You figure it out. I'm going for it, on the basis of the first argument. I'm also going to write about what people should or can do about cancer, that makes real sense, so check back for that.

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