Greedy Pigs Get Slaughtered
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Nice, I bought some last friday at $1.15 out $1.45. this morning. I am seeing a possible pullback because it slightly poked though the 50 ma. I didn't trade the last run, I found this one when I was going through my large pile of unopened mail last week. The chart looked like it was about to touch the same bottom it had back in November. Made good $$ though =]
Did you buy in on this one?
I was watching that one last Friday. Stockwire started sending out promotional e-mails on that again today. Will keep watching to see if it actually bounces.
Jim Rogers: ‘Bernanke is an Idiot’
Jim Rogers, co-founder with George Soros of the Quantum Fund, readily admits he’s a "dollar bear looking for a big rally” so he can sell.
"The U.S. dollar is not an asset I want to hold over the next 10, 15, 20 years. We have an idiot running the central bank right now who knows nothing about currency, history or the markets,” the commodities investment guru told Forbes Magazine, referring to Fed Chairman Ben Bernanke.
"I doubt you can find anybody except (U.S. Treasury Secretary Hank) Paulson who is bullish on the U.S. dollar,” he quipped.
Rogers continued to attack Bernanke, accusing him of playing down the effect of the declining dollar on most Americans. "He was under oath even, testifying to Congress, saying Americans who use U.S. dollars and buy U.S. products are not affected,” Rogers said.
"The man running one of the most important central banks in the world is either a liar or a fool. I think he’s a charlatan, but who knows?”
Rogers has traded his bullishness in America for faith in China’s economy — he even moved to Singapore and intends to raise his family there. He encourages Americans to put their investment dollars there as well.
Why China? "All Americans are spending a lot of money in China now, so why don’t we get something back? They’re among the best capitalists in the world. Massachusetts is more communist than China is these days,” Rogers said.
"Investing in the U.S. in 1907 was a brilliant thing to do. Investing in China in 2007 is a brilliant thing to do,” he added.
Rogers advised that Americans interested in investing in China buy via ADRs. That’s because exchange controls in China that prohibits investors from taking their money out.
In addition, he said, investors can buy shares in other markets at discounts to what they trade for in China. Rogers himself buys in Hong Kong, Singapore, London and New York.
Rogers recommends two ways to invest in China besides buying shares. One is that the currency is opening up, and he expects the yuan to be one of the "great investments of the next decades.”
His other China play is to buy commodities — because China doesn’t have enough of what it needs to grow.
"They have to buy cotton, nickel and oil. You don’t have to worry about corporate governance, unions, government actions or anything else. If you have nickel, the Chinese government will take you to dinner and be nice to you. If you own shares, they don’t have to be nice,” Rogers said.
Rogers also recommends index investing, no matter what the asset class.
Index investors outperform the market 80 percent of the time year after year after year, he said.
.25 nhod, quite a nice day so far.
I was cleaning out my junk mail today ,and saw a promotion on this one and seems like it could bounce from .95 here.So, I am going to put this one my watch list. I am not buying yet because it may not be done heading south.
I don't like hotstockmarket.com at all. I couple months back, I ran into a whole bunch of Canadian short sellers who were shorting the stock I was in. That was the last time I ever posted any stock there.
Please, give me a break. The day after I posted that, a filing saying that Gorden was going to buy at $1 instead of $5. Thats why I made that assumption. NFI was more in debt than DFC at this time. The people at DFC were a bunch of sheep and rather go bankrupt than figure out how to save itself.
Thanks for the information.=]
lol, I sold that a long time ago. I was able to sell half the shares I had when it shot above $2.10. sold the other half at $1.81. I came out a little bit above even. I used $1.81 as a stop loss. When they announced the Gorden deal to be bought at $1, I sold everything.Gorden was the reason why DFC should stay in business. NFI financing with Wachovia kept them from bankruptcy imo. I can't believe NFI held over DFC. I'm making a lot of money on NFI though. If I don't post on a certain stock for a while, its probably because I sold.
The way I feel if if the stock moves up slowly, then it'll keep the day traders and flippers away. It'll test their patience.
nice; damn newbies keep selling. look at that last trade, $1418
Wow, took that one of my watch list a month ago. Will watch again for bottom.
The main reason why brokers put a stock on restrictive is because of unusual trading activities. I disagree that they should do this, because it gives an opportunity of people with unrestricted accounts to manipulate it for good or worse. My backup account with a Penson clearing firm did not restrict this.
you can still buy, you have to call in to place an order.
Since day one of his position, I was very disappointed in the way he announced things.
someone is trying to fek this good stock up.
perfect price to load up on imo.
True true, sometimes its possible that people don't notice stocks like this.
Nice, but first we need to figure out why people are still selling this down.
Thats what I was afraid of, I was hoping people wouldn't post about this one in certain groups. I was going to keep this one quiet yesterday so friends and honest people can get in first. Hes in idiot for posting this one the lotto board. lots of flippers there.
Once we get rid of these scalpers, It will head up back to pre-Monday levels imo.
Its an ATM machine.
Its a natural reaction when trying to protect your self from losing further. There will be plenty of opportunities to buy in tomorrow. I am really excited for tomorrow on this one.
If you have Scottrade, Etrade, Ameritrade. You will probably have to call in. Other than that, it was well worth the call.
That is really big news, I thought that somebody knew something bad was going to happen soon. No, it was just human error and panic selling. Going to add a lot more after DDing it today.Company is legit with good news lately, nice find!
Some one sell a little and it goes down a lot, pure manipulation imo.
Bought very small here to see where she goes. Scottrade has AUCI restricted to call in only. I had to switch over to my Penson account.
DFC down 77%, could be a good daytrade when it bounces, watch and be careful.
http://www.forbes.com/2007/12/03/novastar-wachovia-nyse-markets-equity-cx_cg_1203markets37.html?partner=yahootix
This explains NFI's craziness today. Maybe they won't go bankrupt after all.
WLM on the American Bulls homepage!
http://americanbulls.com/
NFI good for day trading imo.
This thing is nice nhod $3.09 !!
NFI going crazy
CFC seems too easy to make money on.=)
Bought some more WLM at .35. Buying them while they are cheap.
since the markets are green, must be mostly short sellers.
Careful buying at these prices. I just got an email from a pumper on DKGR newsletter. usually when I get an e-mail from this newsletter that means they are done pumping that certain penny stock. Anyways, Happy Thanksgiving!
HAPPY THANKSGIVING!! out for turkey break =)
seems like every day this month was one.