December Stock Talk II

Question

Other thread over 100, lets get a new one going.

Looks like I was right on CRDC, likely the pump was so the brokerages could unload their 8 priced stock into investors yesterday.

It didnt feel right...

Rate day, so far they are selling it..but nothing heavy.

wallstreetcappers · Answer

Other thread over 100, lets get a new one going.

Looks like I was right on CRDC, likely the pump was so the brokerages could unload their 8 priced stock into investors yesterday.

It didnt feel right...

Rate day, so far they are selling it..but nothing heavy.

KOAJ · Answer

dont think the rate cut is a done deala lot were on the fence last time and the inventory numbers this morning were bad

wallstreetcappers · Answer

Right..I think we get somthing but it wouldnt shock me if it were a 25 pt vs a 50..Either way I dont know if the market will like any of it.

Vermeer · Answer

Watch out below for both Wall Street and Main Street if these guys need any more proof they haven&#x27;t gotten a handle on things...

Blue_Chip · Answer

It&#x27;s my opinion that the market already has a 25bps cut priced in. If the cut were to be 50bps, then we might see a small intraday jump in the market, but nothing sustainable.

Blue_Chip · Answer

The hustler in me wanted to book action from my coworkers on the Fed&#x27;s decision today. I had the office ready to bet the outcome of the meeting, but I am still relatively new to the job, so I will wait a bit longer. &#xD;&#xA; &#xD;&#xA;Everyone at the office was set on a 25bps cut, so I would have put a high price tag on that, maybe -160, then offered all those wanting a 50bps cut &#x2B;140. And, I might have accepted a bit more action on the 25bps cut.

KOAJ · Answer

25bp cutfed says 3 rate cuts is enough to promote growthso that means:-no more rate cuts-dollar is further devaluedfed also sees slower growth, worse housing, tough consumer environment.given our very low inventory numbers from this morning, if we assume constant consumer spending, we can assume that producers can push prices higher...now combine that with an all time weak dollar and you have a clusterfuck

Vermeer · Answer

They blew it, not that they had much of a chance pf making anything great happen anyway...

KOAJ · Answer

vermeer - a 50bp cut would have a been a huge scare after the initial pop

if you're looking for a safe haven, find a big fat old grandpop dividend stock like AT&T whic just raised their dividend 12% today

mkt may end down 300 pts today...every penny that was priced in for future rate cuts is now being sold off

Vermeer · Answer

Gotta admit though, great for the SKF I have been accumulating ever since it went below 90..

Vermeer · Answer

Thing is, these guys are about the only ones who have not figured out we are in a recession...

KOAJ · Answer

fyi - GE just raised their dividend alsothis is not a normal business led recession, this is a housing/consumer led one...first since 1990 and that was a 2-4 year recovery for equities

boiler-room · Answer

good points by all,,low inventory numbers ,,rate cut already priced in,,a 50 point cut still may have led to disaster that happend today,,may have had a quick pop,but in the end the day would have ended up the same,,,,,the cut is not the issue imo but the language used from the fed meeting today,,,,,,,,,,,2nite its utah and the utah over in the nba,a sqare play i know but what the hell,,sea over in the nba  and in coll.hoops ucf over and so. ill over,,,,5 plays on a limited card,,very unlike me ,,gl,,,,oh yeah as koaj pointed out inthis market u need to stick to old school big caps with a nice dividend ,i will also add consumer staple stocks,,people have to eat and  buy the everyday stuff

Gridophiles · Answer

[Quote: Originally Posted by KOAJ] fyi - GE just raised their dividend alsothis is not a normal business led recession, this is a housing/consumer led one...first since 1990 and that was a 2-4 year recovery for equities&#xD;&#xA;&#xD;&#xA;[/Quote]&#xD;&#xA; &#xD;&#xA;Getting caught up on all the market action today.  Pretty F&#x27;ed up right now as today was our annual "guys" Christmas shopping day.       &#xD;&#xA;Anyway, I&#x27;ve been watching GE for the past several days, and IMHO, it has truly been unjustly sold off.  I will more than likely be making that a core long term holding of mine in my/wifes Roth&#x27;s.&#xD;&#xA;GL on the plays tonight BR.

wallstreetcappers · Answer

No way would I buy GE now.Just think if the dollar reverses and the economy slows, where does that leave a stock like GE?Even near a 52 week low for their growth rate they are too high PE wise and should trade flat for another year.I could see the stock going into the 20s and it deserves it IMO...

boiler-room · Answer

2-3 2nite,,,,,fuck i knew to stay away from the utah game,,lost 3 in a row ,expected a better effort,,not a total disaster but not good

Vermeer · Answer

Now we know they get it or are scare to death (or both)..

Stock futures were bouncing early Wednesday as traders cheered a Federal Reserve plan to restore liquidity to the market just a day after the central bank disappointed investors with its latest rate cuts.

Futures on the S&P 500 were up 29.20 points to 1507.30, and Nasdaq 100 futures soaring 35 points to 2125.

The major indices were already pointed toward a higher open, but bulls got even more fired up after the Fed said it would join forces with other Western central banks to get fresh cash circulating around the world in a bid to get the credit markets out of their funk.

To start, the Fed is creating an auction facility that will lend out at least $40 billion in four auctions that will begin this week. The interest rate on the loans will be under what's charged on discount window borrowings from the Fed.

Banks will still be allowed to use the same collateral they currently put up.

The European Central Bank, the Bank of England, the Bank of Canada and the Swiss National Bank are also taking part in the plan. Additionally, the Fed has set up a $20 billion swap line with the ECB and a $4 billion line with the Swiss bank.

Vermeer · Answer

WSC I think I disagree about GE&#x27;s prospects, cautiously.I think of its nuclear aspects, and its positioning in India among other places, and like it...but truthfully I bought it a while ago as a purely defensive play, without a hell of a lot of digging into it. Anyway, why would it "deserve" going into te 20s?? There mut be a story behind that comment...just curious.  Hope evryone has their seat belts still frimly in place ...this is a wild ride.

wallstreetcappers · Answer

Vermeer,Look at their current PE ratio, it is above the mean for a long term S&amp;P PE ratio, at 17 plus that is higher than the average in a normal market which is 15.The reason I say the 20s is because of their international exposure and large benefit from the currency fiasco. When the dollar reverses, foreign demand will slow for our exports..most definately so and that will hurt GE quite a bit. Add our domestic slowing which we have really been seeing for 2 yrs or so should continue and their 10% year over year numbers wont stick.In a slower market, GE deserves a 15 PE, if the market is slowing and PE ratios are contracting, they might deserve a 12-15 PE ratio. Into the 20s assumes a 15 PE ratio and less than 10% growth next year, both which should happen.This rally looks weak..they have been selling it since 10AM

KOAJ · Answer

WASHINGTON (AP) -- Seeking to provide more aid to troubled borrowers, House lawmakers on Wednesday advanced legislation that would enable homeowners to shrink their mortgages in bankruptcy court.

The bill -- fiercely opposed by the lending industry but supported by Democrats and consumer advocates -- was passed by the House Judiciary Committee 17 to 15, with one Republican supporting it

----this is why you dont vote democrat; they dont have a clue

boiler-room · Answer

[Quote: Originally Posted by KOAJ] WASHINGTON (AP) -- Seeking to provide more aid to troubled borrowers, House lawmakers on Wednesday advanced legislation that would enable homeowners to shrink their mortgages in bankruptcy court.&#xD;&#xA;The bill -- fiercely opposed by the lending industry but supported by Democrats and consumer advocates -- was passed by the House Judiciary Committee 17 to 15, with one Republican supporting it&#xD;&#xA;&#xD;&#xA;----this is why you dont vote democrat; they dont have a clue&#xD;&#xA;[/Quote]

Blue_Chip · Answer

[Quote: Originally Posted by KOAJ] WASHINGTON (AP) -- Seeking to provide more aid to troubled borrowers, House lawmakers on Wednesday advanced legislation that would enable homeowners to shrink their mortgages in bankruptcy court.&#xD;&#xA;The bill -- fiercely opposed by the lending industry but supported by Democrats and consumer advocates -- was passed by the House Judiciary Committee 17 to 15, with one Republican supporting it&#xD;&#xA;&#xD;&#xA;----this is why you dont vote democrat; they dont have a clue&#xD;&#xA;&#xD;&#xA;[/Quote]

boiler-room · Answer

fake early rally 2day,,,,goin to the garden 2nite to and as usual will get loaded and yell shit at the knick bench all nite,,,,,,2nite it is over  det and over golden state in the nba,,in coll hoops its bc over,,whisky over and the sqare play vandy....gl

wallstreetcappers · Answer

I took Vandy, nothing else yet.Headfake, DUMP, back up..this market is crazy.Anyone watching WCG? I am embarrased to have let that double go. I liked it so much and blew it.

AZGrinder · Answer

Whats up Wallstreet! Been out of the game for awhile...hate to admit it but I lost WAY more than I ever thought I would.  Still hangin in there though.  You still looking at IMB at all.  I&#x27;m thinking of taking a shot. I know its a big risk with all the shit goin on though. Maybe sell some jan 7.50&#x27;s on half of them for a little protection? I always appreciated your honest thoughts.  Wish I would have listened to more of them though......&#xD;&#xA; &#xD;&#xA;p.s. I still have idmi hahahha that piece of shit...LOL

December Stock Talk II

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