Happy Anti-St. Patricks day. No green in my portfolio.
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Happy Anti-St. Patricks day. No green in my portfolio.
lets face it Rel...they never listen to us! 15 million shares traded now and back to .35Quote:
Originally Posted by relmor2003
Quote:
Originally Posted by Brandon Matthews
Not asinine at all. The GM deal was a bad business deal, just like most of the deals that XM did. Howard Stern was the best deal Sirius ever made. They had 300K subs to XM's 3 mil when he was signed. Sirius was going nowhere fast until that deal. MX then made a sucsession of bad deals trying to recover momentum (Oprah is the biggest, letting O&A go on TerrRad, etc.)
Doob this Recession started in Dec. 2007. Please look it up. Dont have time to
argue it.
Obama did not cause the economic crisis. No one thinks he did. And, BTW, Bush didn't cause it either. The seeds for this recession were sewn long before, during the late 90s and continued into Bush years. First Problem: repeal of Glass-Steagal, the very law enacted after the Depression to protect the country from the boom-bust that occurred back then by the banks. Second Problem: gov't encouraging Freddie and Fannie to back loans for people with horrible credit just so they could get into homes. Bad policy with unintended consequence of toxic mortgage assets. Then these were packaged and traded by merchant banks and insured by AIG, all of which would have been prohibited by Glass-Steagal Act. BTW...Clinton signed Graham Leach Bliley Act which repealed Glass-Steagal, and it overwhelmingly cleared the Congress...both parties at fault!!
Obama decision to spend is the right approach...BUT NOT on healthcare reform, and other social programs which add nothing to GDP. Where's the 'shovel ready' public works project which would put people back to work immediately?
The auto industry: they make cars that the market tells them to make. They get caught from time to time when market shifts rapidly. They can't react to it fast enough. For those of you who are old enough to remember, this has happened before: during the 70s they got caught by oil crisis and stuck with V8 gas guzzlers. Chrysler was on verge of bankruptcy and needed gov't help then....enter Lee Iacocca, the k-car, minivan, and chrysler emerged. It's the biz cycle. Huge manufacturing companies have trouble reacting to quick market change. That's the problem. Even the great Japanese automakers are having problems. It's not just Detroit.
Once again - I'm extremely glad my luck held true with my reentry on the 15% block at .32..... I think that was a good call on my part so far....Quote:
Originally Posted by Brandon Matthews
Since that is my "fun" block of shares - I've got it set in my strategy to sell at .52 still. Looking at the overall trend - that seems to be a good bet.
Still holding all my core shares at .13 - Hoping the blue dog has some bite today and moves the battle line a bit closer to .39....... standing by to react as needed....
Good luck all - hope some of you took advantage of the ISEG gift.....
(manipulating bastards)
i listened.............thanks guys
Brandon so are you backing off your charge of Obama's responsibility for the present unemployment rate? You seem to be.The fact is that we have known for quite awhile (before Obama was elected) that unemployment was possibly headed to double digits.
Please stop putting all the blame for this messed up situation on the Obama/Biden administration. Its just plain nonsense. Its as if the world started on Jan. 20 2009.
If you think that ALL Obama is doing to tackle this recession is give you $13 a month
then you are indeed one sided.
I thought Obama WAS encouraging the downsizing the American auto industry with this
policy prescription. What am I missing. He is holding their feet to the fire and saying you got to get smaller to survive and earn any govt help.
[QUOTE=lloyd Handwerker;25290]
Almost EVERY economist Republican and Democrat will tell you that when
the country is in a DEEP Recession the GOV'T has to spend money to get us
out of it. [QUOTE]
lol
i think you mean public spending......tax cuts = more money to spend for the public.......governement spending is only a bandaid.....
http://republicanleader.house.gov/ne...umentID=108243
Smart play. I would have listened and gone in a bit deeper - but I literallly have no powder to play with - went deeper across my portfolio last week and now I'm just watching - and keeping my fingers crossed...... I like F right now - may see if I can set up to enter a few more shares of Ford before they get a bounce from GM's woes....Quote:
Originally Posted by chuckius
We got a great gift this morning. I just hope people took advantage of it.... This is what we were talking about last evening on the other thread.... panic selling on confusion not news by the weak hands and now a retrace and possibly closing higher if the shorts at .37 truly cover and go hanging in long for a bit...Quote:
Originally Posted by Brandon Matthews
Bush's whole economic emphasis was tax cuts for the rich which will trickle down to everyone else. How did that work out? LOL.
So some people want to repeat that experiment. Brilliant!
thanks Rick(it's like I'm talking to celebrities here), I took one of you guys recommendation to sell GM last fri. so I had a little cash to play with today(thanks again) You guys are great! I've learned alot the last few weeks, and it's been really interesting watching you guys play. Love the way you care for the DOG!!:D
Kept putting in day orders for .31, then on friday decided to put one GTC. It executed this morning. It's good to FINALLY get some good luck on this stock . Now I want to see the resistance point in the .40's. Until I see that, I'm afraid these wild swings to near .20's will keep happening. I'm not a chartist, I just know how public perception drives the price of this stock(actually most stocks in the market these days). Just bought some FNM this morning, something I would have never done a couple of months ago. But with the wild swings in the market you know it's going to turn around again,probably sometime this week. Even if Dow keeps dropping tomorrow it will be back to near 8000 sooner rather than later.jmho.Quote:
Originally Posted by relmor2003
Lloyd,
Now who sound's one sided? Bush's tax cuts worked pretty good until Q4 of 2008. Recessions are a natural part of the business cycle.
Good job entering at .31.... I would have waited for .30-.31 ... but I was focused on the charts last week - and of course there's no way to predict ahead of time we'd definitely get gapped down like today.... but I DID get my block at .32 last week... and that was pretty close to where I figured the bottom would hold....Quote:
Originally Posted by learn to think
You hit on a good learning point for the morning- and all the newb's should factor that in if they don't - charts are good - but make sure you factor in the psychology of individual investors.... this morning - across the markets - was simply panic selling/weak hands.... and will vanish like a short-lived fog....
Another good week of consolidation to look forward to - unless we gap up at some point........ or get good news.......
Or the blue dog bites ISEG in the @ss
So this recession was JUST a natural part of the business cycle? WOW!
This Recession is considered the worst one since the Great Depression.
Check into it a little bit Doob.
So everything was honky dory until Q4? Ridiculous Most people would acknowledge that all the bubbles that have caused our present predicament were forming over years.
Please Doob everything was not working pretty good because of Bush's tax cut.
And thats pretty well common knowledge and not some biased opinion and one-sided.
Enough of this discussion. We are obviously coming from a VERY different point of view. I got to get on with my day. It was good talking with you.
Paratrooper Rick.................you asked about some other provocative penny stocks some posts ago. I responded at that time with a rather long post {for me}. It was late.......... and when finished , I tried to post it and it dissappeared. Never got back to you, will now try again. I have invested in DRUG since 2004. I have made more money off of this stock than any other, ever in my portfolio. It consistently trades ignoring the market, has little news, typically no analysts, and has huge spike drops and rises that I trade in the channel. Quite often, several times in one day. Trades on VERY LOW volume, which makes it difficult to trade. Typically, I place GOOD TILL CANCELLED trades and forget about them------ buy .41-.43, then sell at .74 or less depending on availiable long or short term $$$$$ availiable. A lot of my money is in IRA'S, requiring 4 day sits between trades. So usually can't trade it from .42-.55 two or three times in one day, for example. Take a look. Good Luck on your trades. ... killer.
[QUOTE=underway;25307]The auto industry: they make cars that the market tells them to make. They get caught from time to time when market shifts rapidly. They can't react to it fast enough.[QUOTE]
Yes, the high, unionized labor cost that plagued Detroit for decades is being rectified now. They couldn't be competitive with smaller, inexpensive vehicles. Big trucks and SUVs offered a profitable alternative for them. Now they will be on a more even footing with foreign manfacturers.
That was me.your welcome about GM...Dead stock...Quote:
Originally Posted by chuckius