Posted:
#1
No more trading days in May left...what the heck...
S&P 919
Dow 8500
Russell 534
Gold 979
Silver 15.75
Oil 66.31 (nymex)
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June Stock Market Discussion
Posted:
#2
It is almost like the market is baiting people . . . keep sucking more shorts in who are thinking "this can't go any higher" and the market continues to crush them.
That is what Thursday and Friday felt like. Surging at the end of the day both times.
Not sure what to really expect. I wouldn't be short though. Not sure I want to be long either.
That is what Thursday and Friday felt like. Surging at the end of the day both times.
Not sure what to really expect. I wouldn't be short though. Not sure I want to be long either.
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Posted:
#3
Real simple here.....
long term, we are screwed beyond any sense of imagination---no way out, no light at the end of the tunnel whatsoever unless there is a massive population purge, courtesy of Mother Nature, cause man is too stupid to do it himself.
but let's stick to June 2009....what's going to happen? Again, simple-----whatever "the market" can do to fkcu over and confuse the most people, it will do that precisely. In other words, expect the unexpected.
My advice is to forget about "investing for the long haul" in US stock market. Anyone doing so is crazy, naive, has no use for money, or all 3. Physical gold bullion is the only long haul security that makes any sense, given the fact that hideous hyperinflation cannot be avoided dude to too many people chasing too few reseources, too many bailout packages for cronies, and Bernanke not knowing anything else to do except print money willy nilly and lower rates-----a recipe for total financial collapse in about 5-6 years.
Since we're all gamblers here, my suggestion is to trade only, keep one eye on the door at all times, and be humble about any success you might have----and then put that money to use by stockpiling land, guns, and ammo-----if you want to stay alive during the pending doom just around the corner.
Yeah----I know a lot of people will be upset reading this post, but don't kill the messenger----be glad you're getting this info now, and if you don't believe me, so be it------good luck, cause you're going to need it if you think this world "just keeps on ticking" and is just fine.
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Posted:
#7
I think he wanted to comment on the shipping industry, the state of rates, the financial picture of the company..update the status of the spin and lay the ground for asset purchases.
The slides for the presentation showed an example of purchasing some PANA vessels and what the result would be for EPS and valuation.
The slides for the presentation showed an example of purchasing some PANA vessels and what the result would be for EPS and valuation.
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Posted:
#8
Quote Originally Posted by claycourtlesson:
Real simple here.....
long term, we are screwed beyond any sense of imagination---no way out, no light at the end of the tunnel whatsoever unless there is a massive population purge, courtesy of Mother Nature, cause man is too stupid to do it himself.
but let's stick to June 2009....what's going to happen? Again, simple-----whatever "the market" can do to fkcu over and confuse the most people, it will do that precisely. In other words, expect the unexpected.
My advice is to forget about "investing for the long haul" in US stock market. Anyone doing so is crazy, naive, has no use for money, or all 3. Physical gold bullion is the only long haul security that makes any sense, given the fact that hideous hyperinflation cannot be avoided dude to too many people chasing too few reseources, too many bailout packages for cronies, and Bernanke not knowing anything else to do except print money willy nilly and lower rates-----a recipe for total financial collapse in about 5-6 years.
Since we're all gamblers here, my suggestion is to trade only, keep one eye on the door at all times, and be humble about any success you might have----and then put that money to use by stockpiling land, guns, and ammo-----if you want to stay alive during the pending doom just around the corner.
Yeah----I know a lot of people will be upset reading this post, but don't kill the messenger----be glad you're getting this info now, and if you don't believe me, so be it------good luck, cause you're going to need it if you think this world "just keeps on ticking" and is just fine.
Agree with you 100%. There is no way the market continues this rebound long term.
BOT NR on Friday for a quick trade. BOT at 2.80, looking for a .20-.25 pop when it hopefully catches up to the move in OIL.
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Posted:
#10
Rat: What are your thoughts on getting into MGM around 8 right now?
I'm cautious on the gamers at these levels. they could move tow or three points EITHER way from here BUT there there is still "trouble in sin city" and MGM would be the last of the group I would go long.
I'm actually looking for a short on MGM IF it crawls back to around $9 
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Posted:
#14
Bot some CRDC again today at 1.35
Its either sink or swim, this buy is either a full loss or a 3-5 bagger.
Oh and I havent mentioned this but last year I mentioned a stock, UVE that I bot a year ago or more..that sucker has paid me almost a buck a share in dividends since owning it, yields 12% at current prices and my cost average is around 3.75 or so.
I should have reinvested dividends though as she went..then my cost basis would be lower.
Its either sink or swim, this buy is either a full loss or a 3-5 bagger.
Oh and I havent mentioned this but last year I mentioned a stock, UVE that I bot a year ago or more..that sucker has paid me almost a buck a share in dividends since owning it, yields 12% at current prices and my cost average is around 3.75 or so.
I should have reinvested dividends though as she went..then my cost basis would be lower.
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Posted:
#17
GVK,
They are in a TOUGH market, Florida..a bad hurricane season can smash an insurance company, add that the Fla Insurance Board put in some price rollbacks and freezes which makes it tough to make a profit in that market..and is why many insurers refuse to do business there.
Ive been sitting on this stock knowing my 16% divi or whatever cushions me just fine..I should have bot more at lower prices but thats fine..I hope it stays under the radar and keeps paying me 60-80 cents a year in dividends.
They are in a TOUGH market, Florida..a bad hurricane season can smash an insurance company, add that the Fla Insurance Board put in some price rollbacks and freezes which makes it tough to make a profit in that market..and is why many insurers refuse to do business there.
Ive been sitting on this stock knowing my 16% divi or whatever cushions me just fine..I should have bot more at lower prices but thats fine..I hope it stays under the radar and keeps paying me 60-80 cents a year in dividends.
0
Posted:
#20
Quote Originally Posted by grapevinekid:
Wallstreet: I'm a sucker for a fat dividend. I bought UVE at 5.45 a couple of hrs ago.
GVK, Ive owned it for I guess 18 months and they have paid it consistently.
I wish I had purchased more, and in fact I sometimes forget about it, then look at my account and see not only is the stock doing well but that dividend is awesome.
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Posted:
#22
Quote Originally Posted by Vermeer:
Whats with the high beta on that issue (UVE)...
Whats with the high beta on that issue (UVE)...
Well since their business rests on the hurricane season and the whims of the Fla Insurance Board, the sucker is all over the place.
It is amazing how that regulatory board caps rates and forces rate cuts and then is surprised when insurers wont do business there.
UVE is also expanding outside of Fla to diversify and lower the beta of their business and profits.
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