Market Watch for week of 6/29/2009

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Originally Posted by bassmaster

bill was that a private job or your own home?

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It was a private job. I have to work for a couple of hours tomorrow morning also. lol

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Originally Posted by billhart22

It was a private job. I have to work for a couple of hours tomorrow morning also. lol

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cool, you notice business picking up at all lately or is it still stagnant in home renovation?

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Originally Posted by atmgeek1

tree, I saw your posts about peoples targets and think that I may be able to represent the "uneducated" investor. I think that I would not have bothered with MGLG just to double my money as I am not a fliper or day trader (though I see nothing wrong with that). So I went in thinking that a triple or quadruple of my investment would be worth the risk, so I will start thinking about taking profits around .004 to .005. Depending on the pr blitz, if any, and the volume and overall buzz I will go longer. My dream is .02

You guys here on this site are very informative and I'm thankful to be allowed to lurk without scorn. This by far is the best forum I've ever visited. I'm a new investor, started with SIRI in Feb., and I appreciate you guys lettimg me educate myself via this site.

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Hey Geek -

You don't need to just lurk. Post and ask questions or give suggestions. We appreciate you too! Hop on in. I think you have a very similar "first feeling" that is very similar to mine on what levels to sell at. It really is overall buzz oriented also. We will all be in here buzzing like Bass said today. It is going to be a very intense information trip in here when the PR comes out. It will be wild in my guesstimation. Volume is a key to everything. It is so important. You have given me the inspiration to write about volume. I may do some of that tonight.

Cool to have you in here.:)

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Originally Posted by bassmaster

cool, you notice business picking up at all lately or is it still stagnant in home renovation?

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I live in the Baltimore/Washington metro area and I cant find a good contractor to build the garage I want!! They either don't show up for the estimate or the estimate is through the roof because they are busy. I've been looking for 3 months and will probably jave to SLOWLY do it in my spare time, which I have none of.

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Originally Posted by bassmaster

cool, you notice business picking up at all lately or is it still stagnant in home renovation?

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It's not retarded like it was, but is starting to move a little bit better. Usually I am just busy everyday all year around. It is improving now. More work is coming around.

People are not out buying houses these days, so there is always repairs and remodeling that needs to be done. If they pass that cap and trade it won't much matter anyhow. The soup lines will be back. My dad has told me about the depression. It was a very interesting and sad time. I just don't want to experience it, especially when I only have about 1.5 dogs left in my life.

From an executive to construction in the swoop of a hand. Remodeling is way more fun!

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Originally Posted by atmgeek1

I live in the Baltimore/Washington metro area and I cant find a good contractor to build the garage I want!! They either don't show up for the estimate or the estimate is through the roof because they are busy. I've been looking for 3 months and will probably jave to SLOWLY do it in my spare time, which I have none of.

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Contractors are notorius for not showing up in this area. Also, after they come to estimate the job they never call back.

I don't like horsing around. If you really want it done and you have the cash then let's boogie. I hate when people call and say they are getting bids. Well, if there is more than just myself bidding, then I am not showing up for that FREE estimate. I just tell them that I think I will pass.

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Originally Posted by atmgeek1

tree, I saw your posts about peoples targets and think that I may be able to represent the "uneducated" investor. I think that I would not have bothered with MGLG just to double my money as I am not a fliper or day trader (though I see nothing wrong with that). So I went in thinking that a triple or quadruple of my investment would be worth the risk, so I will start thinking about taking profits around .004 to .005. Depending on the pr blitz, if any, and the volume and overall buzz I will go longer. My dream is .02

You guys here on this site are very informative and I'm thankful to be allowed to lurk without scorn. This by far is the best forum I've ever visited. I'm a new investor, started with SIRI in Feb., and I appreciate you guys lettimg me educate myself via this site.

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no problem man. its nice you pop in every now and then to say hi.

its not so much as to being educated, its more like having a goal. obv we all learn something every day but to go into investing/trading without a gameplan is not wise IMO... adjust your gameplan along the way, but be sure of the decisions you make. do you wanna go long, do you wanna quick flip , swing, whatever. just dont get into something because people are pumping it, do your due dilligence and figure out what kind of return you want to get out of it and follow your plan. another important idea to understand is know when to get out of something that is NOT making you money. when your ready to invest in a stock decide on how much LOSS you're willing to accept. if you reach that point , then get out. thats pretty much what i tell everybody. as for myself, i practice a very tight bankroll management style and im very aggressive. im investing in the pink sheets with money i can afford to lose. i dont expect to lose it all but if it happens to drop to zero i wont put myself in a position that will hurt my lifestyle. but if it goes up it will only help:)

ty and gl

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Originally Posted by billhart22

Contractors are notorius for not showing up in this area. Also, after they come to estimate the job they never call back.

I don't like horsing around. If you really want it done and you have the cash then let's boogie. I hate when people call and say they are getting bids. Well, if there is more than just myself bidding, then I am not showing up for that FREE estimate. I just tell them that I think I will pass.

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I actually emailed the drawings to a couple of contractors so they would not have to come out but they never responded. Actually. one did respond with a price of 48K. It sounded high so i called the local lumber yard and the lumber package for the garage I chose was only 8.8K???? So it looks like I'llbe taking a "working at home" vacation at the end of the summer. That is unless MGLG akes it to $1:D

48K???? is your garage the size of a house? LOL.. i do know here in the nyc metro area where contractors are know to overcharge, the price of labor has dropped big time. there are independent masters of trades that are charging around $200 a day for their skills!

I only use money that I can afford to lose. I am sure that most people do, but I have seen many a man crying at the horse track that they just lost their whole paycheck.

The money that I use comes from my business profit. I don't ever even think about using the home money or business money before profit.

I am very conservative money management-wise, but I am aggressive in trading.

Pennies are a gas. A guy can make a whole bunch if he uses his head and figures things out like we do together here. Nothing is guaranteed though. Things can change fast with penny and sub-penny stocks. I believe the two most important things a penny stock should have is a real and viable product and good management.

Where else in the world can you make 100's or 1000's with one ten thousandth of a penny increase?

These are pretty damn good odds if you ask me :)