I read somewhere online someone said that the owner/ceo/cfo /coo says hes making full disclosure but some people arent totally believing it. I just dont understand how such a profitable company with solid assets is getting hammered. It didnt think it would fall under 52 let alone $50
Wall
I read somewhere online someone said that the owner/ceo/cfo /coo says hes making full disclosure but some people arent totally believing it. I just dont understand how such a profitable company with solid assets is getting hammered. It didnt think it would fall under 52 let alone $50
GS reports before the bell, I can't wait to see the numbers these ass clowns pull out after recommending the wrong side to the public all quarter long.
Antie Emm Antie Emm its a twister!!!!!
Dow under 11K Nasdaq under 2200 S&P under 1200
GS reports before the bell, I can't wait to see the numbers these ass clowns pull out after recommending the wrong side to the public all quarter long.
the fed must be jealous of japan's decade long stagflation
Similar in many instances..Japan took 10 years to digest the disaster they brought on themselves and I imagine we will be no different.
The only thing different I can see is that the Nikkei was MUCH higher valuation wise for the average company and they had margin issues with stocks that we did in 2000, this time around the average joe isnt in penny stocks to their hips (like we were in 2001).
Quote Originally Posted by KOAJ:
the fed must be jealous of japan's decade long stagflation
Similar in many instances..Japan took 10 years to digest the disaster they brought on themselves and I imagine we will be no different.
The only thing different I can see is that the Nikkei was MUCH higher valuation wise for the average company and they had margin issues with stocks that we did in 2000, this time around the average joe isnt in penny stocks to their hips (like we were in 2001).
this time around the average joe isnt in penny stocks to their hips (like we were in 2001). ------------ nope just mortgages at much higher leverage
Might be true, but the real estate market was part of the reason for the Japan drop in the first place and someone holding a mortgage isnt the same as someone highly leveraged and getting margin calls..that creates more direct selling pressure vs mortgage ownership.
Quote Originally Posted by KOAJ:
this time around the average joe isnt in penny stocks to their hips (like we were in 2001). ------------ nope just mortgages at much higher leverage
Might be true, but the real estate market was part of the reason for the Japan drop in the first place and someone holding a mortgage isnt the same as someone highly leveraged and getting margin calls..that creates more direct selling pressure vs mortgage ownership.
I nibbled on some VLO today once it dropped 12% . . . thought I couldn't pass up on that bargain. We shall see. Meant to get in last week before it ran up 10%. May continue to go down some more but I felt today was a good opportunity to get in at a good price.
I nibbled on some VLO today once it dropped 12% . . . thought I couldn't pass up on that bargain. We shall see. Meant to get in last week before it ran up 10%. May continue to go down some more but I felt today was a good opportunity to get in at a good price.
One thing that truly blew my mind is mentioned here.The acceptance of equities for collateral by the Fed...
The U.S. dollar continues to be
debased (less against
the Euro, which remains compromised, than against Asian currencies and the
Swiss franc),
particularly by the startling and historic decision by the Federal Reserve to
accept equity securities
at its discount window. If nothing else, that decision alone suggests the
enormity and depth
of the crisis we are facing. We never thought we'd live to see the day that the
American central
bank would accept equity as collateral for loans. We have to admit that took us
by surprise and made us very
nervous.
One thing that truly blew my mind is mentioned here.The acceptance of equities for collateral by the Fed...
The U.S. dollar continues to be
debased (less against
the Euro, which remains compromised, than against Asian currencies and the
Swiss franc),
particularly by the startling and historic decision by the Federal Reserve to
accept equity securities
at its discount window. If nothing else, that decision alone suggests the
enormity and depth
of the crisis we are facing. We never thought we'd live to see the day that the
American central
bank would accept equity as collateral for loans. We have to admit that took us
by surprise and made us very
nervous.
What I dont get is how these firms were able to LEVERAGE like this with nobody watching..what the hell do we have regulation agencies for if they let banks leverage monster numbers against cash and real assets? And what kind of morons make investments in assets which they cannot determine what the content is?
Sounds like lazy, greedy unregulated bullsh!t to me.
Vermeer,
What I dont get is how these firms were able to LEVERAGE like this with nobody watching..what the hell do we have regulation agencies for if they let banks leverage monster numbers against cash and real assets? And what kind of morons make investments in assets which they cannot determine what the content is?
Sounds like lazy, greedy unregulated bullsh!t to me.
I was weighing today between some VLO options or some DPTR options, but I settled on more DRYS options.
VLO selling off strongly, I really thought that move last week broke the downtrend, but today there wasnt much up at all.
I think it is a great buy and a move to 40 or higher wouldnt shock me at all. I think it is a safe risk/reward trade right here.
Yeah I debated throwing more money onto the fire with DRYS today but decided against it. I've thrown enough there for now. Maybe more down the road but for now I'll pass.
Quote Originally Posted by wallstreetcappers:
VH2,
I was weighing today between some VLO options or some DPTR options, but I settled on more DRYS options.
VLO selling off strongly, I really thought that move last week broke the downtrend, but today there wasnt much up at all.
I think it is a great buy and a move to 40 or higher wouldnt shock me at all. I think it is a safe risk/reward trade right here.
Yeah I debated throwing more money onto the fire with DRYS today but decided against it. I've thrown enough there for now. Maybe more down the road but for now I'll pass.
Anyone else like AIG at 5 or less? I just have trouble believing they won't raise the necessary capital and find stablity getting their stock price back to double digits.
Anyone else like AIG at 5 or less? I just have trouble believing they won't raise the necessary capital and find stablity getting their stock price back to double digits.
Well, precisely.Deregulation, coupled with sheer greed. Insane leverage.Opaque instruments that no one still knows the true value of, if they retain any at this point.And while I know your thoughts on him, a guy who sticks resolutely to fundamentals like WB, you notice, walks rapidly away whenever they run to him to bail them out.
Executive incentives putting a premium on share price and speculation rather than sound fundamental analysis, failure to doubt excruciatingly complicated models and their assumptions (cowed by computers and PhDs, etc)
There are so many things that are not transparent to anyone, hedge fund activities, etc etc...throw in the fact that as bright as these people usually are, hubris set in as it always does, they overreach in a competitive frenzy, and all hell breaks loose.
Well, precisely.Deregulation, coupled with sheer greed. Insane leverage.Opaque instruments that no one still knows the true value of, if they retain any at this point.And while I know your thoughts on him, a guy who sticks resolutely to fundamentals like WB, you notice, walks rapidly away whenever they run to him to bail them out.
Executive incentives putting a premium on share price and speculation rather than sound fundamental analysis, failure to doubt excruciatingly complicated models and their assumptions (cowed by computers and PhDs, etc)
There are so many things that are not transparent to anyone, hedge fund activities, etc etc...throw in the fact that as bright as these people usually are, hubris set in as it always does, they overreach in a competitive frenzy, and all hell breaks loose.
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