Posted:
#101
i had a feeling that would happen. i bought skf at about 136 and waited for the market to get killed again. took profits too soon though.
October Stock Talk II
Posted:
#103
Hmmmm
Apparently the Fed is thinking of using some of that $700 billion to infuse cash directly into banks in exchange for equity stakes in those banks. As usual there are not a lot of details, but I wonder if that means they wind up diluting common shares or will the gov't will take preferred shares or maybe some other form of equity.
If they can set up an open exchange for the CDS' at little to no cost and then use the money to actually directly infuse cash into the banks in return for equity in the banks this could actually turn out to be a somewhat decent plan after all for the system and taxpayers.
Apparently the Fed is thinking of using some of that $700 billion to infuse cash directly into banks in exchange for equity stakes in those banks. As usual there are not a lot of details, but I wonder if that means they wind up diluting common shares or will the gov't will take preferred shares or maybe some other form of equity.
If they can set up an open exchange for the CDS' at little to no cost and then use the money to actually directly infuse cash into the banks in return for equity in the banks this could actually turn out to be a somewhat decent plan after all for the system and taxpayers.
Posted:
#104
Looks like there could be a short covering explosion today. IBM is powerful.
Am going to dive in to the shark infested water head first.
In pre-market, will get long these for day-trades only:
IBM
JPM
DIA
SPY
UYG
Will close out all 4 either in after-hours or before close. No way would I go long Thursday night if there are no bombs dropped today.
Won't be able to post entries or exits----will be at work.
I just believe today is the mother of all short-covering rallies.
Posted:
#106
If they can set up an open exchange for the CDS' at little to no cost and then use the money to actually directly infuse cash into the banks in return for equity in the banks this could actually turn out to be a somewhat decent plan after all for the system and taxpayers.
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buy CME and ICE...it will go there...it has to. people need to be honest and putting everything on a transparent market is the best way to do it
Posted:
#110
Quote Originally Posted by claycourtlesson:
Looks like there could be a short covering explosion today. IBM is powerful.
Am going to dive in to the shark infested water head first.
In pre-market, will get long these for day-trades only:
IBM
JPM
DIA
SPY
UYG
Will close out all 4 either in after-hours or before close. No way would I go long Thursday night if there are no bombs dropped today.
Won't be able to post entries or exits----will be at work.
I just believe today is the mother of all short-covering rallies.
Posted:
#112
Quote Originally Posted by jasonwhitesknee:
Up sharply early (100 pts). Could mean we only lose 200 or so today
So true..seems to happen every day and so far today is no different.
I am a little shocked that the drop in financials (since the short save time is done) hasnt dragged the market down even more.
I really like the idea of making a public market for CDOs, it surely couldnt hurt.
Posted:
#115
Piles,
Nope..my view on DRYS hasnt, the price sure has and Ive taken a major beating on the stock.
I guess they want to price the stock at 1 times 2008 earnings and 2 times 2009, I dont get it personally.
You get the spin with the shares, hold on for a year and I have to think it is a double to triple from these levels.
Vermeer, I think the reason for not opening the markets is it would open the books of the companies and show how bad the leverage is. I think it is a GREAT idea and anything that adds liquidity has to be good for the market.
Nope..my view on DRYS hasnt, the price sure has and Ive taken a major beating on the stock.
I guess they want to price the stock at 1 times 2008 earnings and 2 times 2009, I dont get it personally.
You get the spin with the shares, hold on for a year and I have to think it is a double to triple from these levels.
Vermeer, I think the reason for not opening the markets is it would open the books of the companies and show how bad the leverage is. I think it is a GREAT idea and anything that adds liquidity has to be good for the market.
Posted:
#117
Quote Originally Posted by wallstreetcappers:
Something tells me that both F and GM go into reorg bankruptcy, F at 2 and change, GM at 5 and change.
Something tells me that both F and GM go into reorg bankruptcy, F at 2 and change, GM at 5 and change.
They are long overdue.
They might as well nationalize them. Truly a pathetic testimony to stupidity on a grand scale.From utter dominance to bk in a short 40 years.
How stupid can a group act?
Posted:
#118
Yep, would the country miss their average product? Not likely.
F makes good trucks so they say, I own a Toyota truck and a Honda car and wont be buying domestic anytime soon.
The unions killed these companies..overpaying their workers and giving too good of benefits, while making below average product at high prices.
F makes good trucks so they say, I own a Toyota truck and a Honda car and wont be buying domestic anytime soon.
The unions killed these companies..overpaying their workers and giving too good of benefits, while making below average product at high prices.
Posted:
#119
Our automotive industry is terrible 2009 coming and we dont even have 1 flying car !!! no but really what have they done to make a new alt fuel car/ electric car.
can you imagine if we all had alternate fuel cars. our economy would boom. and we can tell the oil producers what we really think of them.
gm and f both did nothing positive for the last 20 years. build bigger gas hogs.
GM shares are worth less than they were in 1929 !!!!
can you imagine if we all had alternate fuel cars. our economy would boom. and we can tell the oil producers what we really think of them.
gm and f both did nothing positive for the last 20 years. build bigger gas hogs.
GM shares are worth less than they were in 1929 !!!!
Posted:
#120
Well, what looked decent early on is starting to turn sour again. I don't recall so many days in a row that the Dow has dropped. Looks like the Fed won't be buying those assets until the end of the month. So much for having to act quickly, and I think the market is reflecting that. 
BOL on your stocks. Going to need it for the short term.
Posted:
#121
By the way, I work in a Law Office that does mostly Real Estate. While banks up here are safe, the shit is slowly starting to hit the fan here as well. Toronto Dominion raised their mortgage lending rates, and the others will follow suit. While indicators are still good up here (housing starts are still slightly up) I can feel next year we could be in for some rocky times.
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