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Friday, December 21, 2007

Viva Wall Street...

Stock Pickers Paradise!

Can't Lose Tip

My Doctor told me about this new drug...

Stock tips. OK. Most of us at one time or another have heard a juicy stock tip. Whether out playing golf, on a blog or from a friend these little glimmers of fast money dance in your head.

I once had a boss who was enamored of them. This was a non-drinker, non-smoker, non-gambler who was straighter than fresh cut wood. When we went to Las Vegas for trade shows he wouldn't play the nickle slots, as it was a bad investment!

So one early January a co-worker and I told him I heard about this experimental drug Oigaleb. It was Italian and not on the market yet. It cured some horrible disease and was in stage IV clinic trials. That we could get in for a small investment. It WAS a risk though, but it had a 50/50ish shot at a 100% upside.

He offered to write me a check right then for however much I wanted!

I said OK, but their are three types; the red vaccine, the black vaccine and a really experimental green vaccine, this one was extra risky, but it had a 1800% upside, but only a 1 in 18 shot in being the one. Only one of these could come in, but according to my guy it was a 100% probability that one, and only one would.

He then asked, "What was the most he could invest?"

"$50,000"

"Per vaccine?"

"Uh...yeah"

"Done!"

He then proceeds to write me a check from his ETrade account for $150,000! At this point we stopped him and explained that we were talking about Roulette, and Oigaleb was Belagio backwards! Not a drug...He played it off like he knew all along, but it really did wake him up. What he was doing was gambling not investing. If you want to do that, go to Vegas at least they will comp dinner if you lose...

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