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chimak10
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Quote chimak10 Replybullet Posted: 01/May/2010 at 1:49pm
Archie Karas

Archie Karas (born Anargyros Karabourniotis in 1950) is a Greek-American gambler, poker player, and pool shark famous for the largest and longest documented winning streak in gambling history simply known as The Run when he turned $50 in December 1992 into over $40 million by the beginning of 1995, only to lose it all later that year. He is considered by many to have been the greatest gambler of all time and has often been compared to Nick the Greek, another high stakes gambler. Karas himself claims to have gambled with more money than anyone else in history

http://en.wikipedia.org/wiki/Archie_Karas



Hillary Rodham Clinton was allowed to order 10 cattle futures contracts, normally a $12,000 investment, in her first commodity trade in 1978 although she had only $1,000 in her account at the time, according to trade records the White House released yesterday.

The computerized records of her trades, which the White House obtained from the Chicago Mercantile Exchange, show for the first time how she was able to turn her initial investment into $6,300 overnight. In about 10 months of trading, she made nearly $100,000, relying heavily on advice from her friend James B. Blair, an experienced futures trader.

Edited by chimak10 - 01/May/2010 at 1:58pm
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yogishkamath
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Quote yogishkamath Replybullet Posted: 01/May/2010 at 2:45pm
 I am lucky to have discovered Peter Lynch and TED's advise early in my investing career !! 

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manish_okhade
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Quote manish_okhade Replybullet Posted: 01/May/2010 at 8:50pm
Originally posted by chimak10

Archie Karas
Archie Karas (born Anargyros Karabourniotis in 1950) is a Greek-American gambler, poker player, and pool shark famous for the largest and longest documented winning streak in gambling history simply known as The Run when he turned $50 in December 1992 into over $40 million by the beginning of 1995, only to lose it all later that year. .
 
I once read the BFEV course PPT from MDI professor Mr Bakshi. He mentioned that banks have done terribly well in US in derivative for many years in a row (99-2006 made 400 M USD) AND ON ONE SINGLE DAY IN YR 2007 LOST TRILLION DOLLAR (600 M USD) !!!!
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basant
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Quote basant Replybullet Posted: 01/May/2010 at 9:10pm
Even I have suffered from this thought. The answer is when these stocks fall down there are several people who think that it has fallen a lot let me in. maybe they buy. In the case of GTB one bloke had bet around Rs 4 crores and he was determined to stay put as the stock kept falling he thought that the RBI would bail him out that never happened.

It is all a case of ill informed buyers who keep puting on something just because it was at a higher price yesterday.


Originally posted by bijoy_ajj

Great post indeed!!!!......
 
Hi Basant & friends..... i always had this question for all this time.. i think this is the correct forum to ask this question..Smile..
 
"When a company bust (due to aligation or corruption ..eg: Austral coke).. every body sells the shares.. Each single day every one is so sure that it will hit lower ciruit ..My question is who is BUYING this shares??.. what actualy is making them buy the shares when they themself knows that it will go down next day!!!!!!"?
 
It sooooo confusing for mShocked ... Please dont quote the example of satyam to justify there buy.. sathyam had assets.. even there buildings were worth... But consider the case of Austral coke .. It fell flat from 52 to 6/-rs [They just had a share split of 1 to 10 when the price was around 480/rs]..
'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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bijoy_ajj
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Quote bijoy_ajj Replybullet Posted: 01/May/2010 at 9:29pm
hmmm.. May god bless them ..Confused ..
 
Basantji.. Actually i was thinking in different way.. Since people knw that share price is sure to get down.. they do short selling in the morning and buy it at a lower price in the evening.. i was doing that when austral went down..( But most of the time it hit lower circuit within 10 mins of trade .. so that again made me confused .. So how can i cover the short sell if i ever bought it in the morning.. Confused?... Please comment on it if you knw)
 
Again .. thinking over your point.. will people get that stupid with lots of money(50 lacks or so) betting in??.. huhh. sounds interesting..
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basant
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Quote basant Replybullet Posted: 01/May/2010 at 10:10pm
If you sell short you might have to provide delivery since they put it on Trade to trade so check on that because otherwise your short will be auctioned!

TYhese guys are business men who have their skill sets in running small shops or factories they are participants in equities for fun and excitement.

'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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chimak10
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Quote chimak10 Replybullet Posted: 01/May/2010 at 10:30am
Archie Karas

http://www.youtube.com/watch?v=V3spwBZcTMc


Transporting money became a hassle for Karas as he was moving several millions of dollars in his car everyday. He carried a gun with him at all times and would often have his brother and casino security guards escort him. At one point, Karas had won all of the Binion's casino's $5000 chips.[9] By the end of his winning streak he had won a fortune of just over $40 million.
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bihisello
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Quote bihisello Replybullet Posted: 02/May/2010 at 1:14pm
Originally posted by chimak10

Archie Karas

http://www.youtube.com/watch?v=V3spwBZcTMc


Transporting money became a hassle for Karas as he was moving several millions of dollars in his car everyday. He carried a gun with him at all times and would often have his brother and casino security guards escort him. At one point, Karas had won all of the Binion's casino's $5000 chips.[9] By the end of his winning streak he had won a fortune of just over $40 million.


How this helps investors?
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