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November Stock Talk II Greed is Good

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Covers Linesmen
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Posted: #51
Quote Originally Posted by Vermeer:


If memory serves did not some honcho at CHK get forced into liquidating a load of shares? Or am I thinking of another incident??



aubrey mcclendon got margin called for 500m worth of stock

dont read roubini everyday, you'll end up slitting your wrists
 
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Posted: #52
 Hmmm That is what I thought.Maybe Mcclendon should have read Roubini and spared himself that expensive margin call.

 A little bit of realism is good to read in exceptionally fatuous tiimes...



 
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Posted: #53
I think I remember reading that McClendon did the same thing a few years ago at his last company.  Bought a ton of shares on margin, then wound up getting crushed by a margin call.  Some folks will never learn
 
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Posted: #54
Quote Originally Posted by sasquatches1:

IMHO, you people should have bought today.  I got GE at $14.87, BAC at $15, SSO at $23. 

You must be a psychic, to be able to know when to jump in right as those stocks are coming off of their lows.  I agree with that people should be buying into the market, but not all of us have your kind of ability.  What else did you buy yesterday?

 
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Posted: #55
PM and MO.  I want some DOW at some point too.  Sold the SSO already at $27 for a nice gain.  The important thing is to hedge with EEV and FXP.  The only problem is I bought EEV too high...mid 90s but FXP in the low 60s.  I have traded PM several times in the past few months as mentioned in multiple posts and have made $1,000s of dollars.  Luck I suppose.  TA doesn't apply to that stock.  Check out ADM too...the Street is starting to love that stock again, and the chart has reversed course, new uptrend. 
 
Legend
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Posted: #56
Got some options going on CHK,DRYS,MTL and holding  8k shares of GBU:CA.   ROlling the dice with GBU.  Huge gold mine they own in Romania has been halted due to political bullshit.  ROmanian elections NOvember 30th might change the government and allow GBU to restart there mining operations.  If the election goes well this thing should start to pop.   Newmont owns 19%  of the company.   Could be a takover candidate.  The stock is at around 1.50.
 
Legend
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Posted: #57
The Rosia montana project which has been halted, contains 14.6 million ounces of gold worth $10 billion.
 
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Posted: #58

The U.S. economy fell into recession last spring and will contract sharply this quarter as more than 200,000 workers per month are added to the rolls of the unemployed, a survey said Monday.

 On a related note, the Army Corps of Engineers announced that the earth is round and the levees of New Orleans suck.
 
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Posted: #59
Hmm, they started the sell off an hour early today.  Maybe we head higher into the close today?

Also a bit suprised oil didn't make a run @ $60 today since its expiration day
 
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Posted: #60
BIDU starting to crack..stupid sucker I hated it at over 300, now at 130 and deserves to be at 40.


 
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Posted: #61
I'm about ready to throw in the F'in towel, maybe thats a good sign for everyone else.
 
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Posted: #62
I can't even get short at these levels.  I'm stuck in fucking no mans land
 
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Posted: #63
BAC  $15, didn't even notice this drop until now
C Under $9, not surprising
GS Under $65, I should have bought more puts 
MS back to $11 again

UYG $6   6 pathetic dollars

I'm not in any of these, I just wonder why anyone would sell these at these levels
 
Prospect
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Posted: #64
the market is up 100+ pts but i dont see much of anything being up today.

Im really gettting sick of this whole market it's not making sense to me anymore and thats not a good sign.
 
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Posted: #65
BAC under $15 is a buy IMO.  I did sell the PM for a small loss.  Sold out of FXP and EEV.  Have cash and looking to put it to use. 
 
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Posted: #66
This market gives very little hope of anything..sell sell sell all day and every day..lower lows and lower highs, hedgies smashing good stocks, no buyers..its dismal for sure.
 
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Posted: #67
Could get ugly in the last hour today.  If its anything like the last few days we could be setting new lows
 
Legend
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Posted: #68
Heaven help me I just bought some DRYS @$7.95 
 
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Posted: #69
Looks like they are trying to run up into the close with energy but nothing else is able to turn green


 
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Posted: #70
Quote Originally Posted by depeche2:

Heaven help me I just bought some DRYS @$7.95 


Its a hated stock..who the hell knows where she goes.


 
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Posted: #71
Quote Originally Posted by wallstreetcappers:



Its a hated stock..who the hell knows where she goes.




 It really is hated by certain analysts.I read one that basically viewed the company as a shell game, and which essentially maintained that none of their numbers could be trusted at all.
 It has been completely destroyed and it is hard for me to see it recovering at all.
 
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Posted: #72
Conjuring up a possible doomsday scenario, the company said: "If we are not able to comply with our loan covenants and our lenders chose to accelerate our indebtedness and foreclose their liens, we could be required to sell vessels in our fleet and our ability to continue to conduct our business would be impaired."
 
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Posted: #73
Vermeer,

That is pretty standard disclosure information given, you can find it for most any company that has debt..basically saying if the business goes down the tubes that banks could foreclose.

I didnt read much into it, but people who want to read into it found reason to bash the stock.

Look back 3 months, look to current price, who knows where shipping prices go in a week, a month, in three months.

The ponzi scheme rap is a joke, the company has billions in assets..George leverages for growth but a ponzi scheme terminology is bush league at best.
 
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Posted: #74
 Wall

 I  may be able to find that article but what struck me was the serious personal loathing for the guy, and the deep suspicion of his conflicting interests outlined in many ways.It was a royal ass reaming...
 I hope you are right.It is down 88% on the year. I think people smell blood int he water and whatever the cause, they do not like him one bit.

 
 
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Posted: #75

And this type of comment is not uncommon...

Is George trying to bust this one and keep Primelead all to himself?
Has anyone heard anything more about the spin off?

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