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March Stock Implosion Thread

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Prospect
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Posted: #51
Sell on the rumor, buy on the news
 
Veteran
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Posted: #52

 Livermore noted that when a market wants to go up it will do so despite negative news...and the GE rise proves his point!

  Of course, why would anyone listen to the ratings of those fine people that never saw any of this coming anyway?

 
Covers Linesmen
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Posted: #53
Sorry, but I find this very funny and ironic-

link

The greatest ever gets a rating downgrade.


 
All-Star
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Posted: #54

Quote Originally Posted by wallstreetcappers:

Sorry, but I find this very funny and ironic-

link

The greatest ever gets a rating downgrade.


 

Saw that in the same article that was talking about Pep Boys.

 

 
Covers Linesmen
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Posted: #55
hustle,

Me too...hahaha

PBY is an odd duck, I really hate going in there..the ones around me smell bad, always dirty and help is never good..not the greatest of run companies IMO..
 
Covers Linesmen
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Posted: #56
So are you SKF owners getting back in?

The idea of moving a huge chunk of the toxic assets off the books really helps these banks, but who knows if it works out or who gets help.

SKF down 15% today.

Even with this move I am only up about 15% on the KBE I purchased.
 
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Posted: #57

I am eagerly awaiting it to get to 100 bones which is around where I always get back in. Hope to see it by the end of the day...



As far as Buffett goes, it suits me fine to see him squirm a bit.But at the end of the day, he will come out of this better off than before, methinks.

 Of course I would enjoy seeing the Big O and Barney Frank gt together to retroactively tax WB 100% of the last five years' earnings...


 
Covers Linesmen
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Posted: #58
 Of course I would enjoy seeing the Big O and Barney Frank gt together to retroactively tax WB 100% of the last five years' earnings...
---------
considering the guy only pays himself 400k roughly a year from berkshire...then complains that the tax code isnt fair b/c his admin pays more taxes than he

i dont have much sympathy for him
 
Covers Linesmen
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Posted: #59
INDU up 5%, moving up up up into the day, I am a little shocked at that honestly.


 
Covers Linesmen
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Posted: #60
s&p up 7%


 
Captain
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Posted: #61
Glad I was loading up since the lows. Dow up 20% for those recent bottoms, just like that. Amazing.
 
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Posted: #62
FAZ down 40%
 
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Posted: #63
Quote Originally Posted by Vermeer:


I am eagerly awaiting it to get to 100 bones which is around where I always get back in. Hope to see it by the end of the day...



As far as Buffett goes, it suits me fine to see him squirm a bit.But at the end of the day, he will come out of this better off than before, methinks.

 Of course I would enjoy seeing the Big O and Barney Frank gt together to retroactively tax WB 100% of the last five years' earnings...




Hopefully you held out until the very end and got in at $90. 


 
Covers Linesmen
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Posted: #64
Quote Originally Posted by VirginiaHoldem2:

FAZ down 40%


Wow..

Thats SKF on speeddddddd..


 
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Posted: #65
Yeah . . . I wonder if you can short FAZ and FAS.  If so you are guaranteed to make money.  Just short em both at the same time.

 
Prospect
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Posts: 477
Posted: #66
Quote Originally Posted by wallstreetcappers:

So are you SKF owners getting back in?

The idea of moving a huge chunk of the toxic assets off the books really helps these banks, but who knows if it works out or who gets help.

SKF down 15% today.

Even with this move I am only up about 15% on the KBE I purchased.

 

Cheers Everyone !!!  

I nibbled at SKF late in the day at $100 pps.  I was a little early, but will average down tomorrow if this nonsense continues.  I just fall back on the knowledge that if the government is involved with the solution to this mess, they will somehow phuck it up. I am also betting that this plan will be a nonevent; that the buyers and sellers will not meet at a price (greed will rule). 

Just my two cents, but that's how I'm playing it. 

 

 
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Posted: #67
FAS and FAZ have options 
 
 
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Posted: #68

China wants dollar replaced as reserve currency
By Jamil Anderlini in Beijing

Published: March 23 2009 12:16 | Last updated: March 23 2009 14:22

China’s central bank on Monday proposed replacing the US dollar as the international reserve currency with a new global system controlled by the International Monetary Fund.

The goal would be to create a reserve currency “that is disconnected from individual nations and is able to remain stable in the long run, thus removing the inherent deficiencies caused by using credit-based national currencies,” Zhou Xiaochuan, governor of the People’s Bank of China, said in an essay posted in Chinese and English on the central bank’s website.


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