All posts by Angi Fargis
| Apr 4th 2008, 08:49 Angi Fargis |
SL Wallet Public Forum » So --- many gnawling questions remain So many gnawling questions remain |
|
| Sry if I am interrupting or anything, but why the hell is everybody bitching around here and there ? I'm not into this trading stuff at all, but i learned to buy low and sell high, so if I have the opportunity because of people who panic and sell their Dollars, why am I or Arb blamed to buy them low ? _NOBODY_ is forced to participate at daytrading ! _NOBODY_ is forced to sell shares as low as now ! BUT there are still people selling hundreds of thousands shares below 1.03. Sorry, but I don't get the point of Jini nor Jill, if they say that Arb is screwing us. YOU screw yourselves if you put sell orders as low as now, so better grab the chance by its hairs and buy so you can make a profit out of it, because as soon as all of the low shares are bought, SLW would have no other chance to pay much higher prices for buybacks, or I am too stupid to understand all of that... Regards, Angi |
||
| Apr 4th 2008, 11:22 Angi Fargis |
SL Wallet Public Forum » So --- many gnawling questions remain Re: So many gnawling questions remain |
|
| Well, the problem i see at the moment really is, if everybody would stop selling SLW shares for an apple and an egg, then they could easiely get all their money back, but there are some, who either don't care or bought some shares at the 2nd or 3rd day after SLW shares dropped extremely in prize. In fact, I have no idea who sells the shares so cheap and why. Day Traders are part of every stock market as i know, but what happens at the moment (from what i can see) is that people don't wait to get their money back (if they have commitments, they should be able to think about having at least one month cash in hand to pay those, coz every single month at least one buyback happens) but sell their shares cheap and hell, why don't watch the market and prizes daily and if affordable, buy as many cheap shares as you can get and get yourself a profit out of that too. I doubt Arb is a crook, i doubt all the 85 mill. L$ were used to create the website and his business rather than other holdings in RL he can't liquidate that fast (like with JTIC). So, as soon as these things mature, he can afford another buyback plus the ones that happen on a more or less regular base. I mean, I am putting effort into this to understand how all things work, I am not a trader pro or sth. like this, I am still learning, but as far as I can tell, the problem is, that many many people here are holding the share value down with their low selling prizes. If everyone would stick close to the 1.03 and trade around that (for example buy at 1.03 and if trading daily, try to sell at 1.06 oder 1.07) then the daytraders can have their fun, and the rest will surely get their money back 1:1 But, as long as prizes are cheap, you can't forbid people to take out 1% daily of trading some shares (buying at 0.62 and selling at 0.65 or sth like that). If i am wrong, correct me please, as I am still new to all this. Never did that in RL as well *lol*. Concerning the problem of how and where and why the money was invested I personally think, that somehow the 0.1% interest of JTF paid daily had to come from somewhere outside and inside SL, so Arb invested. That we now own no L$ but Shares wasn't the decision of Arb, it was LL and now we are in the position to deal with it as good as we can. SLW was planned long time ago, converting L$ into shares not, but that was the only way to at least save the money for all of us. Just imagine one scenario. Some federalagency of a fictious state forbids banks, now people get scared and panic and every single person runs to the bank to withdraw all funds. Not a single bank in the whole world can handle that, alltho banks in RL are regulated and constantly watched by agencies and stuff. Thx for reading ! :) Regards, Angi |
||
| Apr 4th 2008, 16:20 Angi Fargis |
SL Wallet Public Forum » So --- many gnawling questions remain Re: So many gnawling questions remain |
|
| because of the 2.5 % fees SLCX charges, so put them up to 1.03 and don't lose 2.5% on your deposits, as simple as that =) | ||
| Apr 5th 2008, 06:10 Angi Fargis |
SL Wallet Public Forum » So --- many gnawling questions remain Re: So --- many gnawling questions remain |
|
| Erm, don't think that that is correct. let me try to explain the problem with an Example. Let's have 2 persons. Person A is a Share Holder, Person B is just a normal person *lol* Okay, now hope you can follow me ;) Person A is selling shares under market value (which was supposed to be 1 L$ each share) and sells it for 0.62. Person B is seeing that and thinking, if there are currently buybacks happening why don't buy all the shares as cheap as i can wait fo the buyback and make a HUGE profit with that ? Now, IF Arb would announce buybacks in the future, those who got their shares for let's say .60 or 0.65 L$ would make a profit of 55% if ALL shares are sold for 1.03. Do you know what I am trying to explain ? the problem is, that as long as people have money and see profit in SLCX for example, they are going to buy L$ cheap, buy Shares cheap and can make up to 60% profit if Arb would announce the buybacks and THAT is exactly what he meant with "pay premium on shares" as only the people with the big money profit and the little people suffer. I conclude, the best way to handle it is to NOT sell the shares as cheap and buy as many cheap shares as possible, coz the next buyback is DEFINITELY happening, and I see a huge profit if I buy shares for 0.62 or 0.63 and they are bought back later for maybe 0.89 or higher, but that's my business. Regards, Angi |
||
| Apr 5th 2008, 08:05 Angi Fargis |
SL Wallet Public Forum » So --- many gnawling questions remain Re: So --&#4 Edited by moderator Apr 5th 2008, 08:08 |
|
| Jill, i know what you mean, totally. The problem is tho, that we fool ourselves with selling those shares for such low prices. I am buying them now for 60 or 62 cents and put them in as sell order for higher amounts, which is my right i think. i don't really know why so many people trade millions of shares under value, but it's a gain for those who are willing to wait. The thing i would advice everybody really is, to stop selling for those low prices, coz that will maximize the profit for SLW and maximize our loss. The huge huge problem really are the low prizes nowdays Edit:// And Yes, Dezmond is right. If we act the way like he explained, we all will be happy in the future :) Greetings |
||
| Apr 16th 2008, 05:43 Angi Fargis |
SL Wallet Public Forum » Arbitrage Wise please clarify buy back statement Re: Arbitrage Wise please clarify buy back statement Edited by moderator Apr 16th 2008, 05:44 |
|
| I'll quote Arb and there stands : "Shaggy - Yes, as income rises and funds become available, we will continue to buy all shares back that are below 1.03L per share." So, Sell at 1.02 (with a loss of 0.5 %) and you're fine. By the way, I am really tired of so many forum posters in here, bitching around nearly every day that all that Arb did, does and will do is totally wrong. To be honest, I'm happy if I can buy additional shares for 0.58 or below and sell them for 0.60 or above as this makes much more money then the interest rate before with a much lower amount of money. You should kick yourself in the ass if you sell those shares for 50 or 60% of what they should be worth actually. So, stop bitching around in here and do something against it yourself or let it be, but don't blaim it on people that didn't push the price to such a low level like it is now. Regards, Angi |
||
| Apr 16th 2008, 06:05 Angi Fargis |
SL Wallet Public Forum » See, buyback has pushed the price back up L$.20 average Re: See, buyback has pushed the price back up L$.20 average |
|
| actually, i think arb can (if private) buy as many shares as he wants for whatever price he wants, because NOBODY can force him privately to buy and sell for prices you want, as with every other shareholder or soon to be shareholder involved. the usual buybacks will happen (according to his post in the other thread) until 1.03 L$ is reached. i don't get people playing some weird mindgames in here, accusing every single one of the huge shareholders of manipulating the price and holding the value of the shares as low as they're actually. they have the right to sell and buy shares for every amount they want to. if you see prices drop, you're stupid if you don't invest, wait until they've risen 5-7 % and sell them again much below 1.03 and trust me, until now, the amount of these shares is so large that the daytraders with 100.000+ shares control the market and earn their money, coz it already IS above the 0.1% that were paid as interest before the banking ban. i suggest all the people making accusations in here either sell and leave or wait and play the game. nobody ever forced you to bring your money to JTF, nobody ever forced you to sell shares at 0.60 but some who have just gone mad and paranoid did and that's why we are facing this situation now. you can think all you want to think about me now but nothing will turn me away from this path. regards, angi |
||
| Apr 16th 2008, 06:51 Angi Fargis |
SL Wallet Public Forum » Arbitrage Wise please clarify buy back statement Re: Arbitrage Wise please clarify buy back statement |
|
| actually i didn't want to start bitching myself, but i am really tired of people starting to come up with names like "FBI" or whatever agency to catch arb, coz then all the money will be gone forever and noone wins, as this still is all virtual and there have been no clarifications on how safe the money is and stuff like that. i really think it's time to deal with it instead of arguing on and on and on and waste energy you could put into projects and other things that are good for you and don't make you angry. but thanks for the advice :) regards, angi |
||
| Apr 16th 2008, 08:17 Angi Fargis |
SL Wallet Public Forum » Arbitrage Wise please clarify buy back statement Re: Arbitrage Wise please clarify buy back statement Edited by moderator Apr 16th 2008, 08:20 |
|
| omg, you people really understand nothing ! he can do whatever he wants to ! there's no insurance for this money ! there never has been and there never will be. lindendollars is a fictional currency. what if LL decides to sell L$ from today to tomorrow ? i think you all are going to file lawsuits against LL, right ? gawd, when will all this whining and bitchin' will finally have an end ? you know what ? i'll invest 10.000 USD and buy all the low shares from you all who are whining so we finally can have fun and not deal with you anymore. best is to sell all shares at 0.50 or below to us, so i can buy a new car from that when the buybacks occure... good god we were given the right by the mighty god or whomever to do what we want, aye ? and hell yeah, i am going to buy as many shares as possible for only a small percentage of what they'll be worth in the future and i am proud i can, because i am a free person and not involved in this so called "scam". if you still don't get it, please leave it. you only make things worse ! |
||
| Apr 16th 2008, 09:23 Angi Fargis |
SL Wallet Public Forum » Arbitrage Wise please clarify buy back statement Re: Arbitrage Wise please clarify buy back statement |
|
| Jill, just to set it straight... NOBODY EVER forced ANYONE bitching around now to put money into JTF or any deposits. YOU all (including me) wanted the high interest rate of 30+% each year. He never said and there wasn't written down anywhere that the money is safe. And it never will be written down as the risks for such high interest rates are HUGE. And now let's do some maths. I will take very high amounts of money and fitiing numbers, so it gets clear to everyone... Let's say you had 1.000.000 L$ converted to Shares. Now Arb is Saying he will buy ALL shares up to 1.03 (that means, if you sell your shares at 1.02 you will have, due to the rates they charge, a loss of 0.5%) That Means : 1.000.000 * 0.5% = 5000L$ you have lost. now, if you at least invest 30.000 L$ more, buy shares for .65 and sell them for 0.90 you make approx 7500 L$ so your loss is gone and all of your shares will be bought back coz it's clear he will buy ALL 1.02 back. So what the hell are you telling us all this is a scam and bla ? think what you think. i am doing it my way but i am sick of comments like "we are fooled, hang him!" or whatever. hunting him down makes nobody happy. and regarding the 20$... don't say something before you don't even have an idea about who put how much in, thank you! But well, I am a blind cow ;) |
||
1 | 