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+--- Thread: You Know Whats Even More Frustrating? (/showthread.php?tid=7329)
You Know Whats Even More Frustrating? - Flofocus - 12-02-2006
When Action Direct takes forever to fulfill a Sell order, and Nortel Stocks (ones you wanted to buy @ $4), go up to $24 in one day. :angry:
You Know Whats Even More Frustrating? - ZX5chica - 12-02-2006
Flofocus,Dec 1 2006, 11:09 AM Wrote:When Action Direct takes forever to fulfill a Sell order, and Nortel Stocks (ones you wanted to buy @ $4), go up to $24 in one day. :angry:
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I was silly and held on to my Nortel stocks when they were up at 120$, taking my dad's advice that they would split...
so what they did the other day was what is called a reverse split. Basically, they divided all the stockholders options by a certain amount (I think my statement said 10), and then multiplied the stock $$ by that. It makes for a more appealing stock option to buy when it's at 24$ than when it's at 4$
You Know Whats Even More Frustrating? - Flofocus - 12-02-2006
I see...so I dont really gain anything from it...
Reading now.
edit: I should probably be thanking action direct actually! :lol:
You Know Whats Even More Frustrating? - NOS2Go4Me - 12-02-2006
I haven't gotten into unsheltered investing yet. Everything we've invested is DCPP/RRSP.
You Know Whats Even More Frustrating? - meford4u - 12-02-2006
Funny how you mention investments today of all days. I have to cash in my little nest egg of savings to put more money down on the house.
I bought it originally for $18 a share, bought some more at $24 and then bought some more at $38.
Today, I sell..........$97 a share. I started buying the shares 8 years ago and have held on for just this day.
Live long and prosper.
You Know Whats Even More Frustrating? - NOS2Go4Me - 12-02-2006
So you're helping me pay off the new ride, Dad?
I can call you Dad now because I bought a hatch... a red hatch, right? :o
You Know Whats Even More Frustrating? - meford4u - 12-02-2006
I didn't pay for his car.
So I aint paying for yours!
You Know Whats Even More Frustrating? - NefCanuck - 12-02-2006
heh, I have one of those "back pocket" type nest eggs thanks to my life insurance company demutualizing all those years ago.... Stock is at a value where I could cash 'em out and pay for an FI conversion with change left over.... I'm waiting 'till they can pay for a full 5.0L conversion w/auto....
I think I'll be waiting a while <_<
NefCanuck
You Know Whats Even More Frustrating? - DD1 - 12-02-2006
I like mus lce relaxers and beer make it hard to type woo hoo boo Ya'
You Know Whats Even More Frustrating? - meford4u - 12-02-2006
DD1,Dec 1 2006, 09:33 PM Wrote:I like mus lce relaxers and beer make it hard to type woo hoo boo Ya'and your single? whodathunk :lol:
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You Know Whats Even More Frustrating? - 2001 ZTS - 12-03-2006
ZX5chica,Dec 1 2006, 11:20 AM Wrote:Flofocus,Dec 1 2006, 11:09 AM Wrote:When Action Direct takes forever to fulfill a Sell order, and Nortel Stocks (ones you wanted to buy @ $4), go up to $24 in one day.ÃÂ :angry:
[right][snapback]218164[/snapback][/right]
I was silly and held on to my Nortel stocks when they were up at 120$, taking my dad's advice that they would split...
so what they did the other day was what is called a reverse split. Basically, they divided all the stockholders options by a certain amount (I think my statement said 10), and then multiplied the stock $$ by that. It makes for a more appealing stock option to buy when it's at 24$ than when it's at 4$
[right][snapback]218165[/snapback][/right]
Well that explains the $4G I made overnight on Thursday. I was wondering. ;)