November Stock Talk III

Oh I get a laugh out of it as well. Politics is the best clown show going...I would call it the best free clown show going, but it can be damn expensive in reality.

 I really recommend that article in the Atlantic, not because I am for Obama (I can't say I am) but because of its astute  analysis of the generational divide that got us to such a miserable, toxic point in politics.Very good insights in that article....

CSCO beats earnings estimates by a penny and goes down after hours

Yeah CSCO deserves to get hit after that report.

I also imagine they will play it tight to the chest on the CC and the stock will go into the high 20s, which will be a good purchase price.

High 20s meaning down the road, not tomorrow.

high 20's for csco is very cheap

SKF at precisely $100 at the moment

Grid,

I read the same thing..I guess there is still some risk about Medicare pulling them or some penalty to managment from the state..

I think it is worth a risk if it gets back into the 20s..a tightly controlled risk.

I think longer term the stock is in great shape..at least until summer of 2008. Isnt that when the Olympics are?

It is really too late for a stop, you let it slide 20 pts..you could still make 10%, but if it were ME I would gamble since you let it go this far...but for SURE you must set a stop at 92 or so..I wouldnt let it turn into a loser..I have done that too many times..a winning stock goes negative on me and I sit with the paper in my hands....

 First, realizing a we need to wean off imported oil in 2007 is only 30 years too late.

 Second, renewable energy sources cannot now, nor will they in many, manyyears replace petroleum. We do not have many many years to replace petroleum, as the perfect strom of rapidly rising demand and declining output is taking place right now.

 However, we happen to possess massive coal reserves:just do not try to get permission to burn them. (even cleaner coal power plants are opposed).

 Lastly, not all of this is energy related as we know.The fact is that the FED finds itself in a real bind, where the old tool of lowering interest rates really ends up hurting the US economy, not helping it.The continual debasement of the USD (as WSC has pointed out) due to decades of flawed fiscal policy has gotten us here.
 
 

 PS KOAJ, thanks for that blog link, I think I will stop having so much fun...sheesh...what a way to start my day LOL., a real upper!!!

np vermeer - i guess when MS reported they have 3b in writedowns and the mkt buys the news i kind of chuckle and wait for Bear, Lehman, and goldman to confess their skeletons and wonder why merrill, citi, and morgan were first to report

so which one of you now billionaires bought the FSLR 200 calls yesterday for 1.75?  13 bagger this morning.  sweet!  1 contract makes you 2,145 bucks!

bernanke speaking now

WASHINGTON (MarketWatch) - The U.S. economy not only faces the risks of a sharp slowdown from the housing market contraction, but also of a surge of inflation from sharply higher crude oil prices and the weaker dollar, Federal Reserve chairman Ben Bernanke said Thursday. Overall in prepared testimony to the Joint Economic Committee of Congress, Bernanke painted a picture of an economy in a perilous position, even though it has shown remarkable resilience so far this year, with third quarter gross domestic product rising at a solid 3.9% annual pace. Bernanke said that he and his colleagues at the FOMC expect the economy to slow "noticeably" from the Q3 growth rate and remain sluggish in the first half of 2008. And there were "downside" risks to this subdued forecast, Bernanke said But Bernanke also suggested that the hawkish members of the Fed might have a point. While the FOMC believes that overall and core inflation to be "in a range consistent with price stability" in 2008, there are "important upside risks" to the forecast.

Gunners,

Not me..

I did cash in on some SPWR calls..but nothing like my sob story on th FSLR 150s I had.

So here it goes..

Buy 6 contracts at 12.70,

Sell stop 6 contracts at 9

Contracts now trading at 76 per contract..and I kid you not.

Those 6 contracts are worth 68k today.



Add that my SPWR options are much higher than where I sold today..

Not giving a position time to breathe can really cost you...or me.

Strange to see the Dow down, Nasdaq down 1% but S&P up a little.  The market is definitely dealing with some challenges.

 Ack  jeez Wall...rough break on that trade...lesson learned

Depeche,

That is true..it is definately a day of have and have-nots.

Gunners, it happens too often..it is the trader in me where I dont ever let a trade run like it should, and my stops are too tight.

That FSLR trade was from my acct..I did own those..stopped at 9 and they are worth 78 per now.

The 210s are a 30 bagger today btw....

I don't know if anyone follows it at all, but Ballard Power sold off its automotive fuel cell unit to Daimler and Ford.  Actually it's a new company to be formed where Daimler controls 50.1%, Ford 30% and Ballard retains around 20%.  Ballard will retire about 30% of its own shares that were held by Daimler and Ford.  Looks to be a really good move by Ballard as this was going to be a cash drain for many more years.  Reduces outstanding shares, eliminate the R&D burn, move up FC timeline with a more focused auto effort, retain future IP benefits for other apps, a share in the new company.  Very smart move.  The drain on this stock is going to be removed and they could do really well going forward IMO.

Depeche,

Isnt that the GUTS of the business?

What is left if the auto fuel cell biz is gone? I ask because when I think of Ballard I think fuel cell...

What are the odds we see a 1,000 point drop day before Thanksgiving?