I went ahead and deleted a bunch of posts. After a closer inspection of who I am I decided there are things I really didn't care that much about in my blog.
Politicians will be politicians.
Corporations will be corporations.
These things change very little, and it does little good writing about them. Besides that, I already wrote a definitive book on the subject, if I may say so myself. I don't know why I bothered to keep writing about these topics.
What's important in life are the people you love and the people who love you.
The other important thing is the things you are passionate about.
Wednesday, October 25, 2006
Tuesday, October 03, 2006
something written by Ralph Waldo Emerson
"To laugh often and much, to win the respect of intelligent people and the affection of children, to earn the appreciation of honest critics, and endure the betrayal of false friends, to appreciate beauty, to find the best in others, to leave the world a bit better, whether by a healthy child, a garden patch...to know even one life has breathed easier because you have lived. This is to have succeeded!" Ralph Waldo Emerson
Monday, September 25, 2006
Thanks Jeff M.
After a recent post Jeff M. pointed out what happened with United Airlines. United Airlines went into bankruptcy and while they were there they cancelled their common stock and reissued it.
Basically, the people hanging onto UA's stock lost everything when the cancellation and reissue occured.
So, I called Delta Airlines Investor Relations and I asked them if a cancellation of there stock was planned. Sure enough, as part of their reorganization Delta plans to cancel common stock and reissue new stock--this will occur sometime between now and March 27, 2007.
In other words, Delta's stock is a ticking time bomb. Investors rarely do their research--that statement includes myself--the reissue is written into their bankruptcy plans, and at some point the 150 million shares outstanding will be worthless.
So, I sold 10,000 shares of Delta Airlines today for $1.24 a share. So, I only made a 93% profit on the trade when I was hoping to make 1000%. LOL.
Thanks Jeff M.
Basically, the people hanging onto UA's stock lost everything when the cancellation and reissue occured.
So, I called Delta Airlines Investor Relations and I asked them if a cancellation of there stock was planned. Sure enough, as part of their reorganization Delta plans to cancel common stock and reissue new stock--this will occur sometime between now and March 27, 2007.
In other words, Delta's stock is a ticking time bomb. Investors rarely do their research--that statement includes myself--the reissue is written into their bankruptcy plans, and at some point the 150 million shares outstanding will be worthless.
So, I sold 10,000 shares of Delta Airlines today for $1.24 a share. So, I only made a 93% profit on the trade when I was hoping to make 1000%. LOL.
Thanks Jeff M.
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