Too good to be true

[wlie 0]

Checking out my stocks in the AM, and holy! AT&T (T) was at $25! What better time to make like a bandit, so I thought.

After double checking, triple checking, ++, ComCast (CMCSA) had acquired AT&T Broadband for $30 billion. So for every 100 shares of AT&T, I got 32 shares of ComCast. Might sound good, but I'd be shitting myself when I've got 12 of AT&T.

Then AT&T did a 1:5 reverse split. So now I've got 2 pathetic AT&T shares in my portfolio.

To rub salt into the wound, my Ameritrade account charged me a $20 re-org fee. Like that was my fault - bringing my cash balance to -$19.27..

Now this made the headline on MSNBC.com. X'mas did arrive early for Wall St. alright. And Ameritrade.

Bastards.

My other ride is the relative wind.

[freeflir29 0]

Just call them up and start yelling "Pinch my nipples!!!!! Pinch my nipples!!!!!!!!!" into the phone. When the bewildered person asks WTF. Just tell him "I like getting my nipples pinched while someone is FUCKING ME!!!!!"

[Remster 30]

Could be worse... could have bough a bunch of NT 2 years ago like some moron here.....

Remster

[mouth 0]

Even worse...have JDSU who went from 136. a share to 2. and change a share. Not even worth it to sell the crap.

--
Hot Mama
At least you know where you stand even if it is in a pile of shit.

[billvon 3,120]

I got all of youse beat. I bought Globalstar at $26 a share. Went to $52; of course I didn't sell. Now it's at $0.09 a share. Went from a $20k investment to $78.38 - enough for a few jumps.

[wlie 0]

I've bought Williams Communication (WCGRQ) at 10, got "Enron-ed" to .01. Now they're out of Chapter 11, changed their name to WilTel, but my WCGRQ stocks got canceled!

Bought MetroMedia (MFNXQ) @ 10, and it's sitting at .01

Looks like my investment in the telecom sector's got an OC-192 straight to hell.

My other ride is the relative wind.

[freeflir29 0]

Quote

Looks like my investment in the telecom sector's got an OC-192 straight to hell

Buy Bellsouth if it gets back down to $20. It's at least fairly safe and with the market fluctations you might could make a few bucks.

[wlie 0]

I'll keep that in mind Clay. Thanks for the tip.

The best investment decision I've made was selling off my winning stocks (AAPL, WM, EIX, COST) around the start of the year and took the cash and bought my gear. It's held it's value much better than the stock market. It's a good thing too that banks won't take it as collateral.

My other ride is the relative wind.