Market Watch for Week of 8/24/2009

[Los Tiburones]

your('re) not too late, under .24 is a bargain, im going all in today and my brother is adding to his position also today...as well as an acquantance.(sp?)



ps. Roundtrips are bad, mmmkay? They locked up my money for 3 days after i bought in am sold in pm...try to hold at least overnight...pps. if i had held overnight i would have made 200% the next day on behl!

Thanks romo ... you are probably right despite my sarcasm\cynicism. I got hindsight down to a science!

BTW - The comments earlier about the spokettes ... A bit over the top, nothing really out of the ordinary over there, not unlike many of us have done with siri, truncating and dissecting .. searching for hidden meaning, hunches and guessing ... Of course it's still early ...

Chatty Kathy - Off to work ...

[Ramsey]

Yeppers - I'm bailing on QASP. Not necessarily because I think that it's a bad buy, I just didn't put enough $$ in it to hold me to doing *enough* diligence to protect the investment.

There's that, and, ahem - I found the research to be boring. But that's just me...I'm not *really* money motivated. What I dig is the the excitement of catching the news, realizing what's happening, and acting on *that*.

Forgive me, but when I read that the CEO was excited to announce the launching of the company's new website...I said to myself "Self, it's time to go". Anyway...


But anyway...having fun with my sponge!

***

I.O.U.s --- yes, apparently *WE* are still issuing them.

I'm actually pleased - in a perverse way - to be getting an IOU..in a couple of ways.

1. I've always wanted to see what an IOU looks like (just didn't want my name on it)

2. California laid out a blanket on 400,000 folks this year, as soon as CA realized that we're F#$k'd, and said - You're being audited. This is in excess of the normalized numbers of audits. Basically, rather than even issuing an IOU - CA said hmmm...here's a way around paying this - to you.

So, yeah, in a way...I'm glad to get an IOU.


Get this, though. California has stated that they will start paying out refunds beginning Sep 04. So, they send us ours in an IOU that's not redeemable until October.

Oh yeah, we filed our taxes in February & got our federal back in March - even with internal auditing.

And while you're not asking...I'll share with you - since you're in CA -

Here's the accounting firm that you want. Not cheap...but damn are they experts in what they do!

http://www.ksandco.com/


Ramsey

Morning Ramsey ... Love your style Got to love our state ...

Bailing on QASP? Or just temporialy? ... I am finding myself in this pattern that shackles me to a buy and hold against my will. If I turn around now and jump into the sponges it will almost certainly put on the brakes, I don't think I could do that to you guys ... Cynicism is not my brand of tea but sometimes I got to wonder ...

We are giving out I.O.U's again? That had to run through the cranium twice, thought we had the new press up and running ...

[billhart22]

Trade Alert: Quasar Aerospace Industries, Inc. (QASP)

Dear Members,

What does today's release from QASP really mean? (see this release below)

1. They have the money they need without the need to dilute shares. This is key. We cannot have them diluting shares, otherwise you do not know what you really are buying!

2. The company is moving forward on closing the acquisitions. They are also being prudent and not breaking the transactions up, thus adding unnecessary expense. A lot of CEO's would do that just to get them "done." Doing them separately is OBVIOUSLY detrimental and would be fiscally irresponsible. So here we have fiscal prudence.

3. The company is coming closer to having these shares break-out from being naturally valued more based on this fiscal responsibility and a great business plan.

Expect to see some real movement in the market today and this week from this.

Thank you,

John Pentony
Publisher, StockGuru.com

[Siriusowner]

Hey S.O.,

How long are they bearish for? The big double dip (W) recession or just short term? I have never watched them. I saw Cramer once with his panel of electronic noise makers and shut him off after 5 minutes. Claribell on Howdy Doody made more sense to me with his little horn, and he was a real clown.

They've been bearish for quite sometime now.... But I actually don't like CNBC in general anymore, they have became nothing more than clowns...

I mean, if you go to their web site, they have these headlines that change every 5 minutes or less about whether the futures rise, fall or stay unchanged and they always seem to have a reason as of why they moved.

Then durring the day the DJIA could rise as far as 100 points and then fall and CNBC always has an answer as of to why... Please leave the stock market alone for a while, see what the trend is at least for half a day or something and then make a comment...

Sometimes they write a comment about the indexes going in one direction and by the time the post it the indexes are already going the other way !!! That is funny, have you ever seen that ?

Then there's the economists, the strategists, the hedge fund managers, etc ... they interview. They always seem to have some sort of wrong projections or assesments, why ??? and the post titles, please !!! It is all gloom or doom most of the time... what happened ??? were they left out off the rally ? They say "rally is unsustainable at this point..." or "markets to tumble to earth"... they only can wish, right ? Then there are contradictory statements like "the S&P may overshoot 1200 points.. " or "sidelined cash will push rally forward..."

Then there's Jim Cramer... What a clown...

They post too mush freakin' noise for crying out loud... They used to be better than that...

[Ramsey]

I meant to note (partially humorous) that if there is a stock that I *really* want to keep in my scope, I buy a share or two. And then, well, being invested...I tend to take my research more seriously.

Ever bought a stock that you *knew* would lose you money...but you bought it anyway?

I have I own one of *those* stocks now.

It's called Worldspace - WRSP-Q

I put $40 in it six or eight months ago - even though they were in BK and I knew that I would 99.99999% chance lose the money.

But - since I have money *there*, I am forcing myself to protect my investment by continuing to do my DD. It's ALL psychological. It's not unlike paying a physical trainer to get your body in shape. Okay, yes, I realize this is a s t r e t c h.

Anyway, I know and believe in my mind and heart that there is *something* going on with Worldspace. Moreover, I believe that there are very specific reasons why India was left off the table in the BK.

Additionally, Senura *was* a Sirius man and I'm sure that he still has contacts within Sirius.

Ultimately, the point is that it is my belief that in_some_way & in some_how, I see Sirius XM being a world leader in satellite entertainment. And Worldspace just may hold one of the keys...


So, yeah, I buy losers












[QUOTE=Ramsey;49246]Yeppers - I'm bailing on QASP. Not necessarily because I think that it's a bad buy, I just didn't put enough $$ in it to hold me to doing *enough* diligence to protect the investment.

[Dr. Dave]

Good Morning Mr. Ramsey -

Yup, I'm up - I figured I couldn't go wrong with this option play....
I'll see - MTH just made a new high... we'll high for the pattern. Shouldn't have ran to 7-11 between the morning buy and the announcement... cost me a couple extra dollars....

I also see some excitement in the air.

SPNG +10.20% (thanks to me pounding the ask with a big $600 buy yesterday)
SQNM +11.58%

Then some non-excitement...
EVFL 0.00%
BCLE 0.00%
ASFX -1.82%
MGLG -16.67%
QASP -22.86%

among other things...

[stang3O2]

I know that if you have 25K in a day trading account, that you can use that, because you have backup funds. You can use that until you run out of cash and then it goes to your cash account until the clearing of the funds that you have.

In other words, you can use your own money in the account until you have used it up, then it comes out of your cash "Cash". The money still takes time to clear. They don't give you a free pass. They just want your money in an account to reap from you. There isn't really that much difference, but adds flexibility. Am I wrong?

If I were a swing trader, then it would really matter. If I were a shorter, then I would be responsible to pay for my losses, plus pay the difference to close.
In addition, they mark your losses up. Your losses could cost you big time. In addition, they will charge you an interest rate depending upon your financials.

I don't think there is a real advantage to having a margin account, especially on the shorting side. JMHO. I wouldn't dare to short stocks, but that is just me. I am not comfortable with that.

The advantage of having the margin account is you do not have to wait for settled funds. Say you have $5k in your account and you use it all to buy F, you decide 30 min later you want to sell all $5k. You can turn around and use the $5k to buy another stock immediately without having to wait the 3 days for it to settle. I personally have a margin account but I never use their money I only used it to get around the settlement period

[billhart22]

The advantage of having the margin account is you do not have to wait for settled funds. Say you have $5k in your account and you use it all to buy F, you decide 30 min later you want to sell all $5k. You can turn around and use the $5k to buy another stock immediately without having to wait the 3 days for it to settle. I personally have a margin account but I never use their money I only used it to get around the settlement period

That's what I was trying to say, but I wasn't clear. What I was trying to say is that if you use up your day trading ability, then it automatically goes to cash. The margin account lets you transact immediately, thus not having to wait for settled funds.

With Scottrade, and a cash account, I can buy a stock, sell it 30 minutes later, the cash is instant, but I cannot buy the SAME stock back for three days, however, I can buy another stock immediately. With a margin account, you can buy and sell the same stock over and over throughout the day, or you can short a stock over and over throughout the day.

If I am wrong, then please correct me.

[stang3O2]

You understand it correctly Bill

[Los Tiburones]

Trade Alert: Quasar Aerospace Industries, Inc. (QASP)

Dear Members,

What does today's release from QASP really mean? (see this release below)

1. They have the money they need without the need to dilute shares. This is key. We cannot have them diluting shares, otherwise you do not know what you really are buying!

2. The company is moving forward on closing the acquisitions. They are also being prudent and not breaking the transactions up, thus adding unnecessary expense. A lot of CEO's would do that just to get them "done." Doing them separately is OBVIOUSLY detrimental and would be fiscally irresponsible. So here we have fiscal prudence.

3. The company is coming closer to having these shares break-out from being naturally valued more based on this fiscal responsibility and a great business plan.

Expect to see some real movement in the market today and this week from this.

Thank you,

John Pentony
Publisher, StockGuru.com

Morning Bill, what's your take on this whole matter?