Bong in big trouble

Post by **Nick Carroll** » Mon Jun 25, 2012 2:11 pm

(to daz)
It's kinda the opposite of buying low and selling high.

Post by **daryl** » Mon Jun 25, 2012 2:16 pm

O K...

Post by **pinhead** » Mon Jun 25, 2012 2:40 pm

Do Bong make any 4/3 wetties that are worth having ?

Post by **alakaboo** » Mon Jun 25, 2012 3:20 pm

Daz:
You borrow shares in a stock you don't own. You pay for the privilege.
You sell them.
You hope they go down.
You buy them back when they've gone down.
You give the shares back to the person you borrowed them from.
You pocket the difference in price x the number of shares, less the amount you paid to borrow them.

Post by **collnarra** » Mon Jun 25, 2012 3:53 pm

How can you sell something you don't own?

Post by **alakaboo** » Mon Jun 25, 2012 4:10 pm

Your broker lends it to you.
It could be theirs, it could be another clients.

I'm stretching the limits of my understanding here, anyone want to step in?

Post by **Nick Carroll** » Mon Jun 25, 2012 4:51 pm

collnarra wrote:How can you sell something you don't own?

Because the stock market is a fcuken rort.

Post by **collnarra** » Mon Jun 25, 2012 5:14 pm

sounds like a monumental scam.

Post by **Hollowed out** » Mon Jun 25, 2012 5:32 pm

collnarra wrote:sounds like a monumental scam.

yeah and all run by our fabulous titans of banking and accountancy smothered with a squirming pile of lawyers

Post by **steve shearer** » Mon Jun 25, 2012 8:12 pm

Bad look for Gordo.

Sounds like it's the "Berlin Bunker" stage of the enterprise.

http://www.smh.com.au/business/who-will ... 20xeu.html

Post by **JaM71** » Mon Jun 25, 2012 10:07 pm

pinhead wrote:Do Bong make any 4/3 wetties that are worth having ?

No, my wettie is starting its 3rd season and has already been repaired 3 times. I am not confident it will make it through this season.

Post by **moondoggie** » Tue Jun 26, 2012 11:53 am

steve shearer wrote:Bad look for Gordo.

Sounds like it's the "Berlin Bunker" stage of the enterprise.

http://www.smh.com.au/business/who-will ... 20xeu.html

Yeah down to his last $40,000,000.00

- he has probably considered himself a failure at some time over the past week - but, compared to what????

IF YOU WANT IT BADLY ENOUGH THEN YOU CAN REBUILD IT.

Otherwise you will have to learn to just scrape by on a pittance

and dont be worried what other people think - you were just a battling surfer at the start now you have a portfolio of paradise and forty mill and the experience to do it again... not a bad place to start from. What a choice...

Post by **saucy gibbon** » Tue Jun 26, 2012 1:07 pm

yeah, who could stop at $40 big ones, you would have to have more, ask our soon to be new overlord.

Welcome away braithy.

Coulda been worse, coulda been that jewish soccer lovin karnt !!

Post by **gabsouy** » Tue Jun 26, 2012 2:56 pm

merchants freehold properties in aust alone are worth over 70 mill, then add on oahu and jbay homes to the list.

Post by **Nick Carroll** » Tue Jun 26, 2012 3:45 pm

Gordon's stake in Billabng is currently worth $40 million. Pretty sure that is not the full extent of his wealth.

Post by **Cpt.Caveman** » Tue Jun 26, 2012 4:51 pm

I hope it all drags retail prices down so surfers can afford to buy their own clothing again

Post by **steve shearer** » Tue Jun 26, 2012 4:52 pm

Laura Inman is kind of foxy

http://www.smh.com.au/business/sharks-c ... 20ynz.html

Post by **collnarra** » Tue Jun 26, 2012 4:55 pm

no Steve. No she's not.

You've been in the desert too long.

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