Posted:
#26
I would still be very surprised if the market ends -200 or lower today
October Stock Talk V
Posted:
#37
Gentlemen - I bought Ford at $2.75 thinking, cripes this is as cheap as it was when my old man bought his first Mercury. Monday Kerkorian decides to dump a portion of his 100 some odd million shares. Fugg! 
Obviously any s/t upside is now lost.
Obviously any s/t upside is now lost. Thoughts on DD or CE? Hammered by earnings misses today, but damn these are good dividend-producing companies with forward PE < 10.
I bought POT today with the same thinking in mind. Their striking miners are stupid if they think they can get a better deal than the one management has (had?) on the table.
Thanks...
Posted:
#38
Exactly............
All the people being layed off from work now WILL NOT find jobs anytime soon.
YHOO yesterday was just the beginning.
There will be lay-off announcements literally from now until the end of the year.
Going to be one long, cold, bleak, horrible winter.....and I'm not talking weather.
Now is the time for the USA to pull its head out of its ass (been there for the last 45 years, btw) and totally OVERHAUL our transportation industry from how engines are built to rail systems and all points in between. That right there would create jobs and industrial growth. But hate to say it, the gov't is totally void of leadership to pull this off.
Posted:
#39
Judge-
Only thing that could save F right now is a take-over/merger where, for some strange reason, the buyer offers a premium to its current price of 2ish. Maybe 3ish? Best case scenario for F.
The USA auto industry needs a 180 degree overhaul of basically everything. Some companies will come out smelling like roses, and if you can figure out who they're going to be, you will be happy with your investments.
Transportation/alternative energy are the 2 sectors offerring the most growth potential the next 20 years.
Posted:
#46
Koaj,
The USD has been on fire, I noticed the chart yesterday, a move from 60 cents and change vs the Euro up to almost 80 cents.
I think it hits par and higher, and it is partly why there is pressure on our markets. The holders of our stocks are not getting an extra bargain and are probably selling seeing the exchange rate dropping.
Also our exchange rate going up is negative for exports and GDP.
The USD has been on fire, I noticed the chart yesterday, a move from 60 cents and change vs the Euro up to almost 80 cents.
I think it hits par and higher, and it is partly why there is pressure on our markets. The holders of our stocks are not getting an extra bargain and are probably selling seeing the exchange rate dropping.
Also our exchange rate going up is negative for exports and GDP.
Posted:
#49
Quote Originally Posted by wallstreetcappers:
From down 450 to down 650 in what like 15 minutes?
From down 450 to down 650 in what like 15 minutes?
from what i hear...the margin man comes calling around 3p or so everyday. other funds know this and short the mkt in anticipation of the fund dumping
another theory...these are all mutual fund redemption. hedge funds and others have pre-determined redemption days, Q end, etc whereas mutual funds must do it the day of...hence the 3pm sell off everyday
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