an educated man is unfit to be a slave
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Yeah I saw you had a nice sale the other day on the spike over 60, very nice. I'm think 43 minimal here, could get one of those intraday dips to 43 and close at 48 and that could be a bottom, I do think technicals work here more then people think but at the same time, a flush out to 38 would be quite a buying opp. imo.
~~~~~~~COMPX 3/26/2009~~~~~~~
Previous Close 1528.95 +12.43
1538 FinancialAdvisor
1497 SSKILLZ1
What you think, SRS 38... next week? Then buy buy buy for a ride to 100(+)?
Heard on the radio today that the GGP-operated malls in my area will be closing a half-hour early on weekdays, an hour early on Saturdays, and opening an hour later on Sundays. The move is apparently aimed at trimming utility and labor costs... starts in May they said.
~~~~~~~COMPX 3/24/2009~~~~~~~
Previous Close 1555.77 +98.50
1542 FinancialAdvisor
1497 SSKILLZ1
At cup and handle resistance here...
I'm thinking a bottom next week, should coincide with Dow 8K or there-abouts, no telling what level that means for SRS, but given the losses compounded, I'm sure it'll overshoot what it really should, just like when it goes up... After Dow 8K(+) - Looking for Dow to go under 4K, maybe even under 3K!...
I bet JPMorgan was one of the culprits in naked short-selling competitors, after all they are a partial owned in the Federal Reserve Bank, so if they can print money out of thin air and get away with it, I'm sure they can do the same with common stock of publicly-traded companies... ya' dig?
So you support globalism, the destruction of the working middle-class, and a centralized global bank?
The abuse of fractional reserve banking effectively made the country bankrupt in 1933 (Thank you Federal Reserve Bankers, it only took them 20 years to accomplish this feat)... By the Nixon era, we realized that we didn't have not even enough "fractional" gold to cover our asses, and we were declared bankrupt again.
Now the abuse of the fractional reserve banking has turned us into a banana-republic where we buy our own debt.
Our country is being destroyed from the inside out and it all started in 1913 with the signing of the Federal Reserve Act.
Essentially, the Federal Reserve is as Federal as Federal Express and they answer to no one and they seem to own just about every politician. Obama - 4 trillion dollar budget? Wow...
The country was on the verge of a revolution and they put a black man as the face of the NWO and people think he's bringing us change... they are completely unaware of the change he and his cronies hiding in the shadows have in store for our once-beloved republic...
We'll be bearish for the time-being, they've seemed to have done a good job at muting all the anxiety for the banks and such but we all know the problems are there and they will come back... when they do, you'll want to hedge with precious metals.
~~~~~~~COMPX 3/17/2009~~~~~~~
Previous Close 1404.02 -27.48
1404 FinancialAdvisor
1365 SSKILLZ1
~~~~~~~COMPX 3/13/2009~~~~~~~
Previous Close 1426.10 +54.46
1426 FinancialAdvisor
1401 SSKILLZ1
GOOG 100s is tied into the Dow bottoming out somewhere between 2800-4000, I have no time-frame on that prediction, it could come in April, it could come in 2010, but I'm confident it will come unless they decide to kick in hyperinflation sooner then I initially thought.
I have no time frame on the prediction nor did I ever offer a concrete one, you only assumed based on your recent post that I meant short-term when that is not the case.
Based on your overtones, I'm going to make an ASSumption myself, and that is you are very bullish on GOOG for whatever reason, perhaps you can share.
My reason for being bearish is I believe Google's profit growth will contract significantly to the point where book value will begin to get questioned, and for GOOG to trade at slightly less then 2X book is not outrageous at all~!
Any idea where SRS bottoms out next? I'm thinking Dow 8K - but not sure how this translates for SRS which always seems to overshoot both ways...
48 looks like support on the P&F chart, however there's currently a bearish objective of 8.0 which seems absurd!>>>
You guys thinking Dow 8K, then get ready for a 50%+ cut while everyone gets all rosy again, you know they'll pull out the rug again... you just know it!!!
They done raided Social Security, the banks, healthcare, they ain't done with the 401Ks ...
What do you think that means?
How exactly do you fathom I am as you put "way the hell off"?
I never said when GOOG would dip into the 100s, it could happen anytime between now and God knows when, and I still do feel the Dow may test 8,000 here, not sure how that translates into GOOG at this point... but I'm still confident we have not seen the worst yet and GOOG 100s will come one day or another.
Would I be correct to assume that you hold a bullish position on this company, perhaps at a higher price with at least part of that position?
***AZO, ahhh yes the never-ending ponzi scheme... it will top out one day soon... one would think, riiiight? I guess for now is the irrational (parabolic?) wave higher...
Not good on the timing part, never seemed to have been, I just believe with the Dow headed under 4,000, maybe even under 3,000 eventually that we'll see a real flush out and GOOG won't be immune to it.
Course we could also overshoot the converging resistance just above, especially if the Dow decides to test the key resistance at around 8,000.
We'll see. I just can't believe we've seen a bottom yet, and more new lows are coming for at least 90% of the market.
Just keep in mind the Dow 8,000 level, and how great of a resistance it will provide should we get to that point on this "rally"
Resistance at the 330 convergence area...
December 2007 is a way long time ago in terms of this company, currently I estimate they have next to nothing in cash reserves, they had 10x less cash in December of 2008.
I'm still not sure how exactly they paid off their recent loan that was due early in Feburary, judging by how the market reacted reacted at that time and till now, I'm guessing it was a bit dilutive or the financing wasn't exactly company friendly.
So I'm kind of watching and waiting for the market to give this one a better direction. It looks like this is yet another company where the common shareholders are getting the bitter end of the deal and the preferred are sucking up the company's assets.
As it stands right now, I guess HL will test under a buck a share soon.
What's your take now that SLV has hit the 200 weekly moving average? I still think it goes a bit lower! Perhaps a big flushed out bottom...
Keep an eye on possible support at the 85 convergence of the weekly MA's -
~~~~~~~COMPX 3/9/2009~~~~~~~
Previous Close 1293.85 -5.74
1293 FinancialAdvisor
1253 SSKILLZ1
~~~~~~~COMPX 3/6/2009~~~~~~~
Previous Close 1299.59 -54.15
1311 FinancialAdvisor
1287 SSKILLZ1
I thought the tech stocks would hold up much better then they did today since they lack exposure to the banks/financials/etc... guess not... off by 12 points... 2 too much... now I'm thinking they'll try to rescue the double-bottom on tech here.
Any significant gap-down tomorrow might trump that idea though, we shall see... so far setting up for a slight gap higher...
~~~~~~~COMPX 3/5/2009~~~~~~~
Previous Close 1353.74 +32.73
1342 BullNBear52
1332 SSKILLZ1
1311 FinancialAdvisor
~~~~~~~COMPX 3/5/2009~~~~~~~
Previous Close 1353.74 +32.73
1367 FinancialAdvisor
1332 SSKILLZ1
Now I'm too lazy to read the SEC filings, but according to Yahoo, the company (GGP) has total debt of 24.85 billion dollars.
I would say if they go belly-up, that 24.85 billion dollars gets dissolved and the creditors become the owner/operators of the malls, but I can't possibly fathom the 200+ malls being worth 24.85 billion dollars.
That's just absurd, how could the creditors possibly have allowed this to occur?
It's frightening, I even look at all the Dow 30 components, they all seem to be in over their eyeballs in debt. It's amazing, but I can't see how the largest banks and creditors can allow this to be a controlled implosion of debt contraction, not just in the commercial real estate market, but all across the board...
This is starting to get cheap again frenchee... you around, any take on it? I really do think the Dow will panic at some point to 3,000 - at which point I would imagine some "penny stocks" might make some very suggestive buys, something like SWC under a buck in such panic could be worth the wait?
I'm starting to wonder if GGP will ever go bankrupt, technically they already seem in default, but something I can't seem to understand keeps them from filing?
2 gaps below from December, one is in the 29's >>>
Gap on the chart is at .55 [From December '08] >>>
This ETF is a beast, has to be one of the better performing ones for 2009, if not the best...?
Agree, maybe even lower? Check out the volume on these recent sell-offs...
With the Dow headed towards 3,000 - I wonder if we can get another chance at under $3 here?
~~~~~~~COMPX 3/3/2009~~~~~~~
Previous Close 1322.85 -54.99
1303 FinancialAdvisor
1274 SSKILLZ1
***Need more of this on TV***
Good stuff
http://www.cnbc.com/id/15840232?video=1039849853
Looks like the loans (dilution) killed this one, anyone know the terms of the refinancing or if the company made their payment on the due date... looks like some type of dilution occurred based on the chart.
This could be overblown if the company is still liquid, but where to buy? You don't want to have something like CDE where they screw the common shareholders and the preferred get all the bank.