Official Let's Make Some Money Off Stocks Thread
08-05-2008, 11:10 AM
#542
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Originally Posted by PearlwhiteS2k,Aug 5 2008, 10:49 AM
YUM BRANDS INC : CASH DIV ON 165 SHS REC 07/11/08 PAY 08/01/08 NON-RES TAX WITHHELD 0.00 $0.00 $31.35
Tax YUM BRANDS INC $4.70
I'm a little lost on this. What does this mean?
Tax YUM BRANDS INC $4.70
I'm a little lost on this. What does this mean?
08-05-2008, 12:54 PM
#545
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Originally Posted by dyu626,Aug 5 2008, 12:16 PM
YGE up 6% today and tomorrow reports earnings. My fingers are crosssssssedddddddd
Looks like the oil trade is done for now but not sure how long it'll last for. Also do you guy think were near the bottom?
08-05-2008, 01:08 PM
#546
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Originally Posted by PearlwhiteS2k,Aug 5 2008, 12:54 PM
I dunno how well YGE will do.
Looks like the oil trade is done for now but not sure how long it'll last for. Also do you guy think were near the bottom?
Looks like the oil trade is done for now but not sure how long it'll last for. Also do you guy think were near the bottom?
like a pendulum.....the price will overshoot to the downside.......it will be a great opportunity to buy energy stocks when this occurs. be patient and buy throughout the fall in energy stocks.
the long term supply-demand relationship is not damaged. in fact......lower oil prices will actually hurt us in the long run.....as many people think this is a bubble in prices and will stay down for a long time to come. I think otherwise. The only way to permenantly keep oil down in terms of US dollars....is to strengthen the dollar which could happen down the road. but this still doesn't change the supply/demand problems in the future.
08-05-2008, 01:51 PM
#548
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I think there could be more oil downside until around 110. I know for a fact there are a lot of heavy hitters out there that have a risk vs reward scenario set up for oil and its getting extremely closer to go time every time oil drops.
I'm in NOV/RIG which were about flat today or up a little anyhow. I think they have a better risk vs reward scenario than oil futures or firms that trade like them.
As for the ag and metals, I think that recovery could take longer. Besides copper and a few other specialty metals it's very difficult to discern where a 'bottom' could form. Ag names are too different to group together but I sure as hell would not be long Brazil right now.
I'm in NOV/RIG which were about flat today or up a little anyhow. I think they have a better risk vs reward scenario than oil futures or firms that trade like them.
As for the ag and metals, I think that recovery could take longer. Besides copper and a few other specialty metals it's very difficult to discern where a 'bottom' could form. Ag names are too different to group together but I sure as hell would not be long Brazil right now.
08-05-2008, 02:50 PM
#549
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Originally Posted by PearlwhiteS2k,Aug 5 2008, 05:12 PM
My friggin Precious metal and Resource Mutual funds are getting raped lmao. These holdings are longterm for me. Anyone think I should buy more?
Oil, NG, precious metals, basic materials, agriculture. All on the elevator down.
08-05-2008, 02:58 PM
#550
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If you are looking for a bull market forming look to health care, diagnostics and drugs and chemicals. It's too early for finacials and housing, give it another year. Oil killed the global economy which is killing the industrials.
Other areas to watch are transports and refiners. Tech is interesting.
Other areas to watch are transports and refiners. Tech is interesting.