This might have already been addressed since I was away from the list over the 
weekend.

I probably worded my statement poorly.  Someone made a comment about the prices 
fluctuating a lot and that this was probably how most of the money was going to 
be made on this stock.   My comments should have said “Does anyone every make 
money in short term or day trading in the stock market without someone else 
losing the same amount”.

I agree completely with you about long term ownership and a company building 
value.  I guess short term or day trading doesn’t necessarily always result in 
someone losing money though either.  It’s really just when you buy a stock that 
the price has crashed, then sell it when they go back up.  Whoever sold it to 
you at the bottom price probably lost money.

So basically, it’s only when someone dumps a stock for less than they paid for 
it that someone had to lose money.  Maybe I’m mistaken but it seems like that 
happens quite a bit.

From: Af [mailto:[email protected]] On Behalf Of Chuck 
McCown via Af
Sent: Saturday, September 20, 2014 2:11 PM
To: [email protected]
Subject: Re: [AFMUG] today's a big day on the stock market.....

If you invest in my company, I build it up and sell it for more money then 
wealth was indeed created.  You got your original investment back plus a share 
of the profits.  The new owner is happy because they willingly bought the 
company.  Your customers are happy, etc.

Abstract that one level to stock and the stock market.  Who lost money in the 
above scenario?  One could argue the customers did but they got fair value for 
their service, right?

If I invest in your company via a direct paid-in-capital or by buying 
debentures or by buying stock it is still an investment.  Hopefully the company 
will be worth more when I sell my ownership interest.  When I sell for more 
than I paid, who lost?  The new owner of the stock got fair value.


________________________________
From: "James Howard via Af" <[email protected]<mailto:[email protected]>>
To: [email protected]<mailto:[email protected]>
Sent: Friday, September 19, 2014 1:56:12 PM
Subject: Re: [AFMUG] today's a big day on the stock market.....

--- [ James Howard <[email protected]<mailto:[email protected]>> wrote ]:
-----------------------------------
Does anyone ever make money in the stock market without someone else losing 
that same amount of money?  Wealth isn’t created in the stock market, it’s 
transferred.

From: Af [mailto:[email protected]] On Behalf Of Jason 
McKemie via Af
Sent: Friday, September 19, 2014 1:54 PM
To: [email protected]<mailto:[email protected]>
Subject: Re: [AFMUG] today's a big day on the stock market.....

--- [ Jason McKemie <mailto:[email protected]%3e wrote ]:
-----------------------------------
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