sorry I forgot to mention Im no expert...i was in a hurry off to a meeting...but I don't think this advice would have caused anyone any heartache. (still thinking of pulling my bid off and just watch a while....)Originally Posted by imromo24
Up is better than down, I have enough of my hard earned cash in the game too.
Perhaps SiriusXM will own a chunk of Clear Channel the same as Liberty owns SiriusXM. I am only as trustworthy as the info was relayed to me. Take it for what it's worth.
I also found out that every stock trade is a public record and falls under the FOIA.
1Q CC and report will be out 1st week in MAY (2nd week at latest) The play leading up to CC will be either announcement of new portable device or 3G software for all phones (not just iPhone).
Capital preservation
Key idea in this market is Capital preservation. If you can remove some of the funds and leave a bit for growth that is the best. It hurts when you turn a small profit on a stock, when it continues to rise. Bullish or Bearish, always have a trailing stop! Taking profits is great, diversification is better.
AUTO SALES
I work for an Auto Company and have seen less shut-downs than in 4Q. Sales numbers may not be climbing, but at least they are stabilizing. Previous post show the numbers difference between sales 2,3, and more years ago. Trending at 9-10 million vehicles is over 40% less than prior years sales. A drop of 25% in my opinion is natural and is a normalizing effect. A drop of 40% is irrational fear and is more of a MOB mentality. Older vehicles mean more repairs per mile. Once individuals reflect on the cost of repairs versus New, it becomes more cost effective to buy new.
HOME SALES
Most of the activity in the financial arena for consumer housing is with REFINANCING. People walked away from their homes for two reddens. First was the outrageous ARM interest fees that was being paid.
The second was the inability to refinance due to housing prices dropping. The catch-22 was created by banks and Realtors.
sxminvestor,
I realize this information is coming from elsehwhere but it is a pretty "sirius" post, I really hope that there is a shred of truth to it. I would really love to see this stock soar.
That means we could find out every 100, 200, 300, 400, and 500 share trade made by ISEG over a period of time and who the trade was made for. Any lawyer out there willing to write this request through FOIA?
thanks for the remarks folks.....sirihope I would not sell unless you have a few pennies of gain. I am trying to move in and out with 10k moves on a penny or two. Its a slow practice but I will take anything this market will give me.
I just got off the phone with a friend who works with Sanofy Aventis, phar sales rep. I told him about the discussion and he concurs with the market sentiment. He said a rival company just let go of 20% of the work force.
He lives in Oxford, MS and knows a guy who lost his job 700k a year and he is delivering pies. Its going to be like this for a while. Like relmor said markets way over bought. The trace back down to the 6400 could be extremely violent, and it has to happen. The housing market is will never return to prior levels...of buying that is. Loans are going to go old school, except FHA....they will be giving away money. The point to all this mumbo is the jobs. People are not losing minimum wage jobs, they are losing 80k and up jobs. These jobs are not easy to replace. The affects of this are not even on the markets yet.
Side note... I was out on the InterCoastalWaterway this weekend I went to a local watering hole. It has been closed down completely and its a prime location, one of three that are close. The marina looks like a ghost town. I ventured in to speak with the mgr and she stated the had 4 boats reposed this month, and they have multiple slips open....last year when I asked the had none. You could see the concern on her face. In Myrtle Beach area housing which had boomed for years is now nonexistent. She stated, alto of boat owners where in construction or tied to the industry. They are behind on payments, giving boats back, not buying fuel, and to boot the sweet bar with kickass grouper bites is gone. Kind of scary. Discretionary spending will continued to declined.
By the way, good posts Ben.
I wish I could loan myself money by just printing it. The White House had the media talking Obama and Jay Leno all of last week. It's no coincidence the day Obama went on Leno, we went ahead and purchased our own US Treasury bonds and then gave the go-ahead to print $1 Trillion new dollars. Can you say deflection from the insanity that was taking place at Treasury the day Obama was going on Leno? I can and will.
The dollar has already had 3 sharp declines in value since we announced we printing money out of thin air, with the rest of the world, dare I say, rightfully lecturing us on over-spending and adding an additional $1 Trillion dollars to our money system.
China is is leading the charge to have the dollar removed as the world's reserve currency as we speak, with many Nations following suit. My son is stationed in Korea, and he just told me last night, that last week he lost $200 WON in the dollar to won exchange rate overnight. The worst is yet to come, just wait till we actually print that $1 Trillion dollars of new currency and add it to all the existing currency. Can you say inflation? One needs to be at least 45 or older to have ever experienced real inflation here in the US. But that's fixing to change, and soon we will all get to experience the very nasty thing called inflation.
Anyone that thinks our economy is going to recover anytime soon is, well, basically clueless. We're already up to $3.7 Trillion in deficit spending, and that doesn't even include the additional $1 trillion we are just basically printing out of thin air. Just wait till Obama signs new tax after new tax into law, and increases rates on dozens of existing taxes. Lets's not forget his massive cap and trade taxing which is coming to all 50 States.
Sorry for the long rant and sorry to be the bearer of bad news, but we aren't recovering anytime soon.
Thanks BEN for your input on my situation.
(USD) Trsy Scty Geithner says that the dollar remains the world's reserve currency and likely to remain for a long time. Earlier he stated he is open to China's suggestion of moving toward SDR-linked currency system and the USD lost against the majors on the statement.
My point about the weak dollar and strong gold. This is why its good to be long term, in stocks(like SIRIUSXM), and not cash. Basically anything but bonds and cash. If money needs a return of 5% or more, how are you going to get it? Think if your a big bank, investment firm, insuarnce company, etc...
Were can you get return like that? Well... As you can see company bonds are dicey.. and now expensive vs. return. Treasuries are like buying toilet paper... Commodities appear good, but might be experiencing simply demand drop(who knows for how long(I dont consider gold a commodity)), so why not in a stock from a proven company that pays a dividend, or has good growth, or such a low P/E ratio, its worth a gamble. Foreign stocks? Maybe, but just as risky, and people prefer to trade the markets they know, and if they feel a buying opportunity like DOW 6400 or DOW 6000 and DOW 5400 is a good deal, they will dump TRILLIONS at those levels, in fact, im sure they already have been, on all major drops. Inflationary scenario dictates ALL dollar backed asset classes will experience a rise due to simple inflationary conditions, regardless of what that thing is(stock, oil, whatever, bread).
So long term SiriusXM potentially could be a $5 dollar stock. You will be buying bread for $5 a loaf however.
