Please explain how you arrived at those figures.
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Most people in the market long enough dont even read analyist opinions. They are used more to lead you away from a stock, or justify a price manipulation, than anything useful. .50 cent short term price target is terrible news, if you would think it mattered. Thats only .08 cents off the price we hit a few days ago. Only huge news moves this stock.
Daytraders might use them for quick jumps, if they feel the analist in question has had an effect on the stock in the past. Downgrades can affect a stock for like a day or so, thats about it. Upgrades same thing. I like to buy spec stocks to all be in a sell position, and the price target being lowered recently as well. This means a long road ahead for the stock, but maximum upside.
Something I find fascinating is how much not-so-obvious data some of these guys like relmor can dig up. Others speculating why a stock moves never holds much value for me but it's always great to hear your thoughts on the numbers.
When looking at future auto sales the important data is not current production or sales. What is important is
How many people can afford to buy a car?
Take the number of people who can afford a new car, divide by number of years people who can afford a new car drive that car before replacing and you have your basic number of cars per year.
Currently there are more then 175,000,000 Americans with a job. If only .5 have a job that pays enough to buy a new car you have 87,500,000 people who buy new. If they drive the car 10 years you have 8,750,000 people who buy new each year. So what we have today is people with 10 year old cars buying new ones.
Once people become aware of how cheap new cars are there will not be enough new cars on dealers lots.
Mathematically it is difficult to project less then 9 million per year and really you can't even justify it being that low. It's not money thats preventing auto sales from going up.
Auto sales benefit from snowball effect. (neighbor buys a new car, soon whole block has new car) So once it starts increase in sales will be rapid.
Back from my tour. Very informative. All I will say, is that I can now sleep at night, go out and play in the sun or snow, and keep accumulating shares....
Ignore the stock price. Really.
Mogami,
I hear you. I don't know when... but auto sales will pick up.. and when they do they will break out of this slump with a vengeance.
I just bought SIRI back @ .2733....................seconds ago.
Just to let everyone know Got verification that some of the folks I emailed my complaint to have opened them.
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Your message
To: CHAIRMANOFFICE@sec.gov
Cc: enforcement@sec.gov; help@sec.gov; HelpDesk; Hightower,
Jeanine; *Precise
Sent: Thu, 19 Mar 2009 22:03:03 -0400
was read on Fri, 20 Mar 2009 08:28:48 -0400
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I am encouraged by the first response. Also by the fact that ISEG now knows I sent the email to all concerned parties and not just them! None of them can say they had no idea...I now have a paper trail as do many other folks here.....stay relentless and to quote killer "NO FEAR"
CHAIRMANOFFICE@sec.gov
enforcement@sec.gov, help@sec.gov, helpdesk@ise.com, jhightower@ise.com, precise@ise.com
If I'm reading you correctly - there's more to the eye than all the smoke and mirrors we have been exposed to. If you say we're good - thats at least something.
I have a new gameplan anyway.... based on what I'm seeing everyone else do...
I'm expanding my holding - and splitting it. I'm going to have my core holding that will not get touched and then about a 25% chunk reserved for playing with peaks and troughs... now I just need to get a little better at watching for the turnarounds.
Enjoy the rest of your trip. Thanks for speaking out for us up there.
well demian maybe karma is good to you and you can start the rally this time and be a part of it! here's hoping... funny there was a noticeable bump up in the last few minutes (relatively today from the last hour or so) Maybe YOU DO have an effect?