| Which way for August DJIA? |
| Up! |
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28% |
[ 2 ] |
| Down! |
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42% |
[ 3 ] |
| Flat as a board! Just put it under the mattress! |
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28% |
[ 2 ] |
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| Total Votes : 7 |
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| Author |
Message
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| DKnightSr |
 Posted: Fri Aug 01, 2008 10:19 am Post subject: Chicken Little Report |
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Member of the Month
May
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Today is August 1st, "BlackOut" day here at e-investing. Only today may we bask in our own glory of our numbers....undetected by others.
Or....if you're like me.... in your beer quietly. Seems I reversed my "all shorts" portfolio of SDS and EFU just in time to bite the big one today on DOW Chemical. 
Hope you all fared better than I. Looks like August, rather than being the normal quiet month, may have some opportunities. It's just...
WHICH WAY ARE THEY?!! 
How 'bout it Reaper Man, Mr Frusnak, Dave.....any input?  
EDIT: OOPS! Forgot the returns show on the signature block. Ah well....I already told you I goofed!  |
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| prs1065 |
| Posted: Fri Aug 01, 2008 2:24 pm Post subject: |
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Investing Manager
Joined: 01 Sep 2007
Posts: 230
This Month: 1
213.79 e$
Net worth: 25,952.29
Portfolio Value: 25,738.50
Monthly Return: -43.17%
Trades this month: 1
Churn Rate: 0.00%Items
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| Aug. will be better than july. |
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| Im Not Warren Buffett |
| Posted: Sat Aug 02, 2008 6:17 pm Post subject: |
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CFO
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July was pretty good to me. I had been buying Primus common stock from about $4 down during June, and in mid-July I sold everything else and bought Primus notes around $7.70 at a 23% yield.
They report earnings on Wednesday, and I have a pretty good amount of info on the company I can forward to you if you'd like. |
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| Grimreaper |
| Posted: Sun Aug 03, 2008 3:59 am Post subject: |
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CFO
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| Im Not Warren Buffett wrote: | July was pretty good to me. I had been buying Primus common stock from about $4 down during June, and in mid-July I sold everything else and bought Primus notes around $7.70 at a 23% yield.
They report earnings on Wednesday, and I have a pretty good amount of info on the company I can forward to you if you'd like. |
Just so ya know...da low ainna in fer PRS yet and in da end da debt holders "cud be" aaaall dat's left. Da next wave down in da finashulls will bring alotta trooth out since da govmint can't save everybudy and Hank Paulson's old "crook factory" GS is gonna git spalunked BIGTIME, you know ole Hank gits preferunshull treatmunt from da govmint ....plus da govy is gonna hasta decide whether ta rexscue F er GM and package it up all nice n neat so one o'dem can be sold to either the Saudis....no wait, the Saudi's git Citigroup.  I guess we'ze gonna hasta sell F er GM ta either da Chinese, da Rooskies, er a "conglomerate" of idiots who bees willing ta pay too much disguised as a Hedge Fund. In da meantime....remain CALM...but pleez! Don't chort da beeeyotch!   |
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| Im Not Warren Buffett |
| Posted: Sun Aug 03, 2008 5:25 am Post subject: |
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CFO
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Hm... two things:
You actually like CALM, or at least don't dislike it enough to short it?
I don't think you'd know this because you disavow fundamentals, but for Primus common to get wiped out, corporate defaults on investment grade debt would need to be several times as high as they've ever been. Do you really think things will get that bad?
Then along those lines... you always have a tentative "da number" for a bottom... so where does that stand right now? |
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| frusnak |
| Posted: Sun Aug 03, 2008 7:32 am Post subject: |
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CFO
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Sorry to hear about your fiscal misfortunes! Welcome back DrKnightSr it's been way too long since you posted. I see you've been visiting.
I think the Dow will have a slight upward move. Not too radical just kinda like a stair stepping motion. Then wait til the elections... |
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| Grimreaper |
| Posted: Sun Aug 03, 2008 8:48 am Post subject: |
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CFO
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| Im Not Warren Buffett wrote: | Hm... two things:
You actually like CALM, or at least don't dislike it enough to short it?
I don't think you'd know this because you disavow fundamentals, but for Primus common to get wiped out, corporate defaults on investment grade debt would need to be several times as high as they've ever been. Do you really think things will get that bad?
Then along those lines... you always have a tentative "da number" for a bottom... so where does that stand right now? |
CALM down Bunkie....awhilst ago when da POS wuz at like $30 yu wuz pumpin da beeeyotch as a chort anna I sed bewerst of a rally to a DUBLE DA TOP....anna dat be eggszackly what happund. "Eggs"zackly...getit? Ooooh mayun, I'm one funny moda foka...no? Uhhn...never mind. PRS will ebentually breakded balow $2 dallahs (slightly?) based on what it jist dunn did durin dis last salamie. Me no shivagits bout what's gotta happun er sposed ta happun from a funnymental pov. Funnymentals git ya kilt! Remember? |
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| eamoses |
| Posted: Sun Aug 03, 2008 3:15 pm Post subject: |
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Investing Manager
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calm looks pretty good to me, i wouldn't be trying to short it anytime soon. but, i don't short stocks anyway.  plus it's getting to be that time of year again, oil going back down... |
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| Im Not Warren Buffett |
| Posted: Sun Aug 03, 2008 6:23 pm Post subject: |
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CFO
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| Grimreaper wrote: | | Im Not Warren Buffett wrote: | Hm... two things:
You actually like CALM, or at least don't dislike it enough to short it?
I don't think you'd know this because you disavow fundamentals, but for Primus common to get wiped out, corporate defaults on investment grade debt would need to be several times as high as they've ever been. Do you really think things will get that bad?
Then along those lines... you always have a tentative "da number" for a bottom... so where does that stand right now? |
CALM down Bunkie....awhilst ago when da POS wuz at like $30 yu wuz pumpin da beeeyotch as a chort anna I sed bewerst of a rally to a DUBLE DA TOP....anna dat be eggszackly what happund. "Eggs"zackly...getit? Ooooh mayun, I'm one funny moda foka...no? Uhhn...never mind. PRS will ebentually breakded balow $2 dallahs (slightly?) based on what it jist dunn did durin dis last salamie. Me no shivagits bout what's gotta happun er sposed ta happun from a funnymental pov. Funnymentals git ya kilt! Remember? |
Right right, I keep forgetting that. Something about the comfort a nice loss provision spreadsheet gives me when the Mrs. is away keeps bringing me back to da funnys... and I donna mean da caw-micks.
But Grim, you're a funny guy. Honestly, if da voodoo ever fails you, you should create some kind of edgy financial TV mocking CNBC. |
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| DKnightSr |
| Posted: Mon Aug 04, 2008 6:03 am Post subject: |
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Member of the Month
May
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Thanks for all the input folks! I think I'll keep "The Real Green" safely in the T-Bills (but if the interest goes any lower it will be a minus! ) Meantime, I'm long in e-investing....win (that's only happened once! ), lose (that's happened alot! ) or draw.
They never did tell me though....draw what!?
Ah yes....draw the escalating line across the chart. (I hope! LOL)
Good luck all! Keep your powder dry, and your finger on the trigger! This Montanan has figured out...there's bears out there! And I do believe they're grizzlies. |
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| vetelmo |
| Posted: Mon Aug 04, 2008 9:09 am Post subject: |
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Moderator
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| I voted down, so it should go up. lmao |
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| DKnightSr |
| Posted: Mon Aug 04, 2008 10:00 am Post subject: |
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Member of the Month
May
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Honestly, I voted with you Vetelmo. There's just too much out there that hasn't shaken through the pipeline, and with the economy faltering....one banana peel and we all take a dive.
Just read that we're into the next level of mortgages for defaults (one above sub-prime). Several months ago I read an article from a fellow (don't remember the author) that said it's like a pyramid. The higher up the level of quality you go, the fewer the loans, and thus you burn through them faster. Not liking what I'm reading now.
Then we have GM giving away the farm, with DOW staggering around like a drunken sailor, and MSFT that even the owner walked away from (the end result of that has not shaken out either).
Kroger's PE is embarrasing, but WallyWorld continues to crank. Only DIS is doing what I expected. It usually works like a barometer. When folks are down and out, they "escape" to movies. It's happened time after time historically. Theme parks may drop, but you only need one "Lion King" to equal a whole bunch of theme parks. Will be looking to see what they have in the hopper for "good family movie".
So yeah....I'm still holding on the sidelines. I figure 1150-1200 S&P....and it might be time to get froggy. Meantime, I like my Lily Pad just fine |
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