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Well, here's the bounce a lot of frightened 401k holders were looking for. By the time their plan reacts to moving out of stock funds, they'll be selling at the bottom. LOL!
.IBMAS IBM JAN 2009 95 Calls
I'm pretty sure it will be back over $95 in short order. IMO, of course.
It will last until my DIA puts expire worthless (4 days) at which point, the DOW will tank like a lead balloon.
I'm kidding. I don't have any DIA puts right now but it would make perfect sense.
How the hell could someone who is posting on this board be in any position to "let them get off the hook?"
IBM already reported last week and beat estimates. I think they did it early due to the rumors that started that they would miss.
Let's just forgive all debt and start over using a world wide gold standard. LOL!
LOL!
"anyone involved in managing billions in assets and a multi billion dollar portfolio for a corporation does not have to cosign for a 3900.00 auto loan from "Brians Auto sales" for mom to be pimping in a 97 Grand Prix."
Maybe Goldman Sachs will think twice about downgrading one of my Call holdings after today. Hehehe
President of the United States of America? Whatever. Before that, I'd rather be a published stock analyst with multiple, online trading accounts. Now that's ultimate power. LOL!
Instead of worrying about China or Russia militarily, let's get all of the U.S. based, Internationally known analysts to downgrade their major holdings on their exchanges. That oughta do it.
Did Arnold do it or did Los Angeles representatives do it with ridiculous spending? LOL!
I guess Arnold let them have at the check book. hehehe
Whoooooooooeeeeeeeeee
DJI = seasick
Yup. Our's was high due to the southeast pipeline being down for a while. We had gas run out at stations and long lines. LOL!
That's done now. Time for the price to reflect supply/demand. No more lines. Gas is plenty. Oil for this month's delivery was $90.
WTF?
3.55 in Atlanta area.
That's hilarious!
So did a lot of people from the Options board from 2 years ago.
George Bush has been warning since 2003, along with John McCain. Several Democrats did too (LOL).
Rufus isn't unique in anything other than running the best damned POS penny stock scam in 5 years or so.
Wow. I was way too optimistic.
Sold these yesterday: .DAVXG DIA DEC 85 Puts at 6.20.
Today, they are over 10!
Profit's profit though.
Buy, buy, buy, IMO! LOL!
Wouldn't happen if mutual fund managers reduced the risk by moving portions to cash. I wonder why they don't do that? I guess some do.
What's your target on the DOW? Me thinks it's 8500.
I did but in the $103's. I will be buying more this month as well. Anything under $120 is good for the long haul, IMO.
I told you earlier... IBM does NOT miss estimates. LOL!
http://biz.yahoo.com/ap/081008/ibm_outlook.html?.v=2
Considering the pending dilution of our money system, how is the dollar gaining against the Euro? I know we haven't printed or divied out the funds yet but what's the deal with the Euro?
Thoughts?
What was the bailout supposed to do again? LOL! They just couldn't let the banks fail.
Who knows? Maybe some other scamming pinky company has been spending months pumping some reverse merger into an unknown shell that might turn out to be BHUB. For months a group of buyers has been lied to so they are ready to buy up some subpenny POS stock when the time is right. Not even knowing that there's a lot of willing BHUB sellers ready to dump.
It might be the case. LOL! Naw, I doubt it.
Misery loves company and I'm glad to see the U.S. isn't the only country in a crisis. Whatever that's worth.
Is China suffering at all?
As oil drops, I often think about that hedge fund that went bankrupt due to their excessive short positions losing a couple billion if I remember correctly.
IBM was up almost $6 today and hovered at around a $3 plus day. Now it's red. LOL!
Hoping it drops over the next couple weeks. Of course, I hope it finds a bottom as well.
Even the financial stocks are tanking after the vote. What has congress done?
Both FNM and FRE are tanking. I'd have thought those two would run like crazy after the bailout passage.
I challenge him to an arm wrestling contest. LOL!
The Governor Schwarzenegger needs to take the need to Hollywood and tell the Whoopie's and the O'Donnels that they need to put their money where their mouths are.
Either that or STOP the excessive spending on social programs.
http://www.lao.ca.gov/2006/spend_plan/spending_plan_06-07.html
So now we have to bail out the most liberal state in the U.S. because they don't want to curb spending?
IBM's kicking some market a$$ today. Still wondering if it will dip below $100 though.
IBM under $100 tomorrow?
I thought the bonds existed, just that Rufus didn't own/control them. Like the Venz. bond was real. I don't know about the others though.
That was a question I asked a while back and I'll ask again. After all this, hasn't anyone from the faithful dug in to find out where these bonds are today?
Of course, that's like asking a 5 year old to go out and prove Santa doesn't exist. Some things, you just don't want to know. LOL!
I guess correcting some late trades didn't help. LOL!
Some stocks are dropping due to the credit crisis, period. Credit crisis started in the late 90's when politicians worked to make it easier for low income/bad credit borrowers to get homes. In comes sub prime lending.
Watch IBM. They are expected to miss and are down pretty big again today.
Shorts, nor Naked Shorts caused any market crisis.
Thanks for the link. It speaks volumes when it's our government pushing on a bailout yet the voters and economists are saying "NO."
Let the banks fail. People with mortgages in good standing still have to pay the note whether their bank switches hands or not under bankruptcy.
So banks have to sell their assets to another. Big deal. In the end, the only thing that will happen are a few CEO's will lose their jobs. A lot of the other workers may keep their jobs through a transitional exercise.
How pissed off will the voting public be if the bailout doesn't pass and most of the "troubled" institutions somehow make it though. LOL!
You may be right!
http://biz.yahoo.com/rb/081001/business_us_ibm_shares.html?.v=1
IBM posts biggest drop in 3 years on profit worry
Wednesday October 1, 2:26 pm ET
BOSTON (Reuters) - IBM (NYSE:IBM - News) shares tumbled 6 percent on Wednesday, their biggest drop in three years, on concern the world's biggest computer services company's results missed Wall Street targets in the quarter that ended Sept 30.
I may hold off for a bit longer. Can't see it dropping lower than the $90's though. That'd be unAmerican. LOL!
IBM
International Business Machines Q3 2008 International Business Machines Earnings Release
EPS Estimate $ 2.02
Previous Year Actual $ 1.68
16-Oct - 23-Oct
http://www.earnings.com/earning.asp?date=20081017&client=cb
LOL! I know it sounds like I'm pumping but I don't think that's possible for a $100 + stock with over 1 billion in OS. I also can't afford to buy enough to manipulate the price. LOL! I'm just glad it dropped so much again. I've been waiting for that!
I think their earnings are this month. If it drops too low, watch for another stock buy back program. Hehehe
You think IBM will dip under $100? 1 year:
Possible. Maybe in the upper $90's.
All I can say is IBM is tanking. I'm buying the hell out of the stock now. Down $8! Nice.
And I have these as well:
.IBMAI IBM JAN 2009 145 Calls from .45 believe it or not. They're still green based on the last trade and I bought them over a week ago. I'll buy more if they drop below .40.
When I read that, I immediately wondered if Buffet has any chartists looking for bottoms on the stock before buying. LOL!
Congress leaders optimistic on revived bailout
Wednesday October 1, 1:15 pm ET
By Andrew Taylor, Associated Press Writer
Democrats and Republicans in Congress voice optimism about passage prospects for rescue bill
WASHINGTON (AP) -- Congressional leaders said that adding tax breaks and increasing federal deposit insurance should improve chances a $700 billion financial rescue plan will pass the Senate Wednesday night, a message they hoped wouldn't get lost on a convulsive Wall Street.
http://biz.yahoo.com/ap/081001/financial_meltdown.html
Why? Doesn't it stand to reason that millionaires probably already spread their cash out across different banks/accounts so that 100% of that money is covered by the FDIC?
I agree it brings a little confidence to the table but see no reason why that change would push the plan through.
They'll keep molding the plan until it passes, IMO.