a little stock market story

once upon a time, a long time ago when i was living another life in houston a friend of friend called me and asked how much cash i had on hand. i told him that i could lay my hands on maybe 10 thousand today. he then told me to go buy as many shares of stock of travelodge motels. because i knew him to be astute and my close friend vouched unequivocally for him, i did what he said and ended up buying a little over a thousand shares at 8 1/4. the next morning travelodge opened at 12 1/2! i sold and made over 4,000 dollars literally overnight. when "joe" came by later to gloat with me, i asked him how he knew this was going to happen. he told me about "tender offers" where company A makes a way over market price for stock in company B in order to get a controlling interest of B and that sometimes he, joe, would know of these before they happened. (he never told me just how he knew)

we did this on 3 other stocks and one of which was a possible multi-million dollar deal for me but the sec shut trading down on it when so much action was generated and i had to bail with a small loss.

the point of this story is something else joe told me and i quote because i remember it after all these years.

"the stock market moves on lies, rumors and bullshit and the only ones who make money in the long run are those with insider trader information."

for what it is worth.



the other day i said that the idea of us (you and i) giving money to banks so that they could lend that money to other banks so that they could lend it to us (you and i) was rather bizarre. another tag would be that we give it to banks to loan to banks to loan to us but then that bank turns down our loan! we can't even borrow our own fucking money from the banks.

what this is beginning to sound like to me is socialism for the rich. odd how bankers, republicans all, would just shit in their caviar if someone proposed socialism for the people but when it their silk covered asses that are on the line they go to the government looking for help.


is john mc cain getting desperate or what? it must really piss him off that every day he sinks deeper in the hole of public opinion and "that one" keeps going up. now the republicans are going to try to say that the democrats "stole" the election thanks to acorn. yeah, it is all those false registered voters who are giving obama a double digit lead nationwide. lol.

oh well, off to houston tomorrow. come on out and i will rock the room.


peace to us all.