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To: expat_panama
We use are own life savings to buy them and we've found that this not only prevents prices from falling further, it can even force prices up..

I wish the PPT would help me out with my Pfizer. That POS is the only loser in my portfolio.

139 posted on 11/18/2005 8:52:36 AM PST by Toddsterpatriot (The Federal Reserve did not kill JFK. Greenspan was not on the grassy knoll.)
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To: Toddsterpatriot
The only reason you can't get a living wage price for selling Pfizer is because of all the foreign sellers of the stock that are willing to sell it for next to nothing.  We need Willie Green to cough up his fair share on tax hikes needed for Pfizer stock price supports; but he won't because he wants all the profits to go America's enemies and not to you.

The fact that Pfizer is a POS is only secondary.

140 posted on 11/18/2005 9:27:34 AM PST by expat_panama
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To: Toddsterpatriot
Just a reminder, I posted a link to an article for discussion. I post a lot of links to articles for discussion. That doesn't mean I understand everything in the articles, or vouch for everything in the articles. It means I expect discussion so I can better understand the article. If I were held to account for everything in every article I post I could only post on political science, and maybe only on con law. I am usually not stalked all over the board for posting a link to an article, either.

That said, here is the response of the guy who wrote the article:

The Fed buys securities and pays for them with money they created out of thin air. These transactions occur as Securities Sold Under Agreement to Repurchase on the Seller's (Banks") books. It is Money and Banking 101, done under Open Market Operations. The poster is wrong.

141 posted on 11/18/2005 9:28:53 AM PST by phelanw
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