Official Let's Make Some Money Off Stocks Thread
#1922
Registered User
Well, call me crazy, I went long MS at $22.00. Its a solid company, I'll short it around 30, but I'm feeling a nice bear market bank rally. We will see
I shorted appl at 102 yesterday morning, happy I did, had a nice run form 78.50 where I went long.
Still long UGA, hit 23.75 today
I shorted appl at 102 yesterday morning, happy I did, had a nice run form 78.50 where I went long.
Still long UGA, hit 23.75 today
#1923
Registered User
Originally Posted by sahtt,Feb 11 2009, 11:17 AM
The fact gold is still edging higher in a heavily deflationary period is extremely telling.
#1924
Registered User
people go to gold in times of high risk. right now there is a lot of risk in the market. overall prices of goods may be going down due to less demand, but the dollar is losing its value vs the yen and yuan and have only slightly recovered vs the euro.
i wouldnt say gold is a bubble so much as a hedge vs things like stimulus bills and a possible catastrophic collapse of our economy.
i wouldnt say gold is a bubble so much as a hedge vs things like stimulus bills and a possible catastrophic collapse of our economy.
#1925
Registered User
I can see if the VIX was back at its highs in the 70s, but its hovering around the mid 40s for the past month. If the VIX goes over 50, then I'll be going long gold, How much longer and deeper can this recession go.
My one example, I tried to make resvertaions to a Steven Starr resturant Tangerine in philly, one of the "hi end" places to go in philly and there were booked solid friday and sat for valentines day. I'm a home improvement contractor and I've been busy since may, I'm at a bit of a loss. If i recall, back in the depression, unemployment was over 20% and they were no such things as unemployment wages and the fed pumping trillions of dollars into the market and the economy
My one example, I tried to make resvertaions to a Steven Starr resturant Tangerine in philly, one of the "hi end" places to go in philly and there were booked solid friday and sat for valentines day. I'm a home improvement contractor and I've been busy since may, I'm at a bit of a loss. If i recall, back in the depression, unemployment was over 20% and they were no such things as unemployment wages and the fed pumping trillions of dollars into the market and the economy
#1927
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Join Date: Mar 2006
Location: Bay Area
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So how does this new stimulus plan out for construction material co.'s like ATI?
I was talking off the record to a Wells Fargo FC who is a friend of mine, and he said ATI was still a bad buy, even though a lot of the other "speculators" think it's relatively good??
I was talking off the record to a Wells Fargo FC who is a friend of mine, and he said ATI was still a bad buy, even though a lot of the other "speculators" think it's relatively good??
#1928
Registered User
i havent read anything specific to ATI, but just from reading the news in general...the trend is that the economy is contracting quickly. govts are over budget and especially in cali, a lot of contruction projects have been suspended. i dont see a lot of building and development being done until at least a year or two.
#1929
In this economy I am obeying 3 rules:
1) Only bluechip
2) Back to basics, companies that sell food, sell budget items, basic resources
3) Never more than 75% goes into the market (I'm still not sure we will avoid a depression! Some money stays in gold at the moment)
1) Only bluechip
2) Back to basics, companies that sell food, sell budget items, basic resources
3) Never more than 75% goes into the market (I'm still not sure we will avoid a depression! Some money stays in gold at the moment)