Suppose I buy oil co. stock--I really don't quite get it why that would be

Jackpine Radical

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Tue Nov-08-05 10:50 PM
Original message

Suppose I buy oil co. stock--I really don't quite get it why that would be

bad in any practical way. SOMEBODY is gonna own that stock, and SOMEBODY is gonna make a profit off it. Why not me? Unless the company is just starting out with an IPO, or is selling new stock to get increased operating capital, how does buying & selling shares of a company mean that I'm in any way, other than perhaps symbolically, complicit with the behavior of the company?--Assuming, of course, that my share of the company is too small to actually give me a significant vote among the shareholders.

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Perky

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Tue Nov-08-05 10:52 PM
Response to Original message

1. What are you a glutton for punishment??

I am indifferent. but get your flame retardant skivvies on.

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Jackpine Radical

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Tue Nov-08-05 10:57 PM
Response to Reply #1

3. It's a cold night here. I was just trying to save a little LP gas.

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Perky

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Wed Nov-09-05 04:16 PM
Response to Reply #3

10. LOL

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callady

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Tue Nov-08-05 10:53 PM
Response to Original message

2. Those somebodies

are not your exemplars and then you become one of them.

What you do IS who you are.

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driver8

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Tue Nov-08-05 10:58 PM
Response to Reply #2

4. Amen!!

Do what you think is right. Personally, I would never even consider getting involved with those criminals.

You can make a lot of money selling crack...have you tried that?

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Jackpine Radical

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Tue Nov-08-05 11:09 PM
Response to Reply #4

6. Well, of course. I was hoping to launder my crack money

in the stock market.

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driver8

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Tue Nov-08-05 11:35 PM
Response to Reply #6

8. Hey, that makes sense! n/t

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Jackpine Radical

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Wed Nov-09-05 12:23 AM
Response to Reply #8

9. I might feel cleaner, though, if I laundered my stock market money

in the crack trade.

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spindrifter

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Tue Nov-08-05 11:06 PM
Response to Original message

5. Good people don't make money

buying bad stocks.
Unless you are able to go to shareholder meetings to present your views on the directors' decisions, you are probably better off buying stocks of companies you believe in or believe can make a difference in improving conditions.
If you can afford to go to shareholder meetings--or file a shareholder's strike suit against a corporation-- you can have a lot of fun dressing up as a puppetista, distributing informative literature and writing letters to the directors acting as though they need to pay attention to what you have to say.

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Old and In the Way

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Tue Nov-08-05 11:27 PM
Response to Original message

7. Good hedge against raising gas prices.....

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MadHound

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Wed Nov-09-05 04:25 PM
Response to Original message

11. Same reason one doesn't buy blood diamonds

That oil stock profit is brought to you with the blood of dead innocents, both in Iraq, and soon here at home.

You may be able to tolerate that on your conscience, but I know I certainly couldn't.

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fishnfla

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Wed Nov-09-05 04:51 PM
Response to Original message

12. somebody i know is making a killing on oil stocks

:hide: :hide: :hide: :hide: :hide: :hide: :hide:

this person also feels that smart oil companies will be the first to develop alternative fuel sources and that certain companies are using their profits, and his invested capitol, to do so

:hide:

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