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I was able to read the PDF today. Again he is a hoot. I solve the problem by not getting into "details details" with the wife. She only wants to hear about making "cash money" and not interested in "losing" any of it.
Floored last night watching On the Money [OTM] (ok ok .. I have a PVR and watched it this AM). Apparently PORNO ON THE GO has revenues up in the $1B department. I was joking with the iPODs playing color movies but cripes on cells? Talking and Driving is one thing.. but Watching and Driving and.......... is something completely different.
Also OTM, they spoke of the Yahoo! eBAY deal to share stuff to combat Google. One guy said the problem is that eBAY spends mucho money on Google for their stuff. So they can't just "all of a sudden" abandon Google and move everything over to Yahoo!
Be interested today how the market does.. rule of thumb, US long weekend market up. Ah the olde days.
Anyone USE Yahoo for portfolios? Has anyone noticed the subtle changes taken place latey? Anyone having the same problems with constantly being asked for PASSWORD?
Cheerios!
Sexes and Blakes O my...
Funny seeing stocks up 50c; 80c or more -- then you realize oh yeah they are down about $3-5 in the past couple of weeks.
So Skilling got 185 years. Shit I'll be dead before he'll be up for parole.
B
Oui. If you are interested in retail.
GCI (Gannitt)
SNP (Sinopec - not to be confused with Sin-com-pac)
Ideas. Everything is going down the turlet so what the hell.
B
Last penny I ever bot was ARQ. Slowly starting to unload all of it.
May venture into TGT at some point..
B
HA! No more can trips then... yes nice and ugly.. and when it is this bad the junk falls fast. Too bad ARQ was making nice headway. AGI - cripes.. down another buck.
B
Screw the market.. get a load of the real "The Simpsons" from YouTube
Merry Christmas CD!!!!!!!!!!!!!!!!!!!!!
Today I opened up my TD account and saw a little present.. CKG sitting at $28.42/shr with the same number of shares I had before. I assume no merger would make the share price that much.
Not trading since it is Victoria Day.. but..
Baby its cold outside......
Cheers!
B
Not sure if you, or anyone here, has had a chance to watch "Enron: The smartest guys in the room" (now on DVD; in Toronto Library at least). An enjoyable documentary to watch.
Two things stood out for me:
First, they changed their accounting to Mark-to-Market.
Skilling's vision was to trade energies and other commodities the way Wall Street trades capital. In 1991, he convinced Enron's Audit Committee to allow him to apply mark-to-market accounting to ECT's trading books. For liquid trading activities, mark-to-market accounting is appropriate and far superior to accrual accounting. It is widely used in the capital markets. In Enron's case, it wasn't always appropriate. Many of the markets ECT was trading in were not liquid. Enron was launching those markets. ECT was entering into long-dated gas and power deals for which no liquid markets existed. In this context, mark-to-market accounting became mark-to-model accounting. Traders who were performing trades had considerable influence in how the deals were marked to model. With their bonuses depending upon the profitability of deals, there was an unaddressed conflict of interest. Skilling's trading businesses were generating considerable profits, but much of these were dubious mark-to-model profits on long-dated deals.
...
...The net effect was to allow Enron to disguise debt, park assets that were losing money, and assign inflated mark-to-market valuations to other assets. The SPEs also generated extraordinary returns for investors. Over the lives of the various SPEs, Fastow is estimated to have personally pocketed USD 45MM as an investor. This was in addition to millions of dollars Enron paid him in salary and bonuses.
http://www.riskglossary.com/link/enron.htm
Yes, the SEC allowed Enron to change their accounting to this model - as with Barings Bank - the "last bastion hope" was lost. As the late Johnnie Cochran said "Who is policing the police?" So true!
Secondly, Enron bot PXE. All stock for employees (401ks etc) were converted to Enron. Now I have always had serious problems with plowing your hard earned money into companies you work for. I say that even though, thankfully, my parents did that same thing while my father was working at Bell Canada. From what I know he was able to buy shares at a discount and without commission and fractional lots (based on any $ amount). But Bell at the time, and even so today, was never a high flying "out there" type of company - like a lot of tech companies today.
The sad part is, during the spiral, the employees could not sell their stock (prevented), at PXE, and while other high ranking officals were able to (say at Enron), they ended up losing most of their money. And lets assume that most of those employees had been contributing the same year in and year out with PXE long before Enron ever thought about taking them out.
At any rate, as cruel or sad as it might sound, I hope it at least put a smile on your face - as with myself. Life is too short to cry over what that chick I can't stand sings and you quote all the time.. what will be will be..
Cheers Mate!
B
2.3% huh? I've been using 3.5% lately. Was wondering if you factor in any commissions with your trades or base the "%" losses solely on stock prices alone? I personally am ignoring the commissions - see as they are a cost of doing business. Besides all the trades lately for me are simple LOTs of >$10/shr.
Hey CD -- so you think once gold is back around $350-400, CKG will trade again? LOL!!! I figured my existing profits were too good to be true...
B
HA.. well I recently bot and was stopped out of SBUX (you know.. choppy market and all). Been there twice in my life and find the coffee just too strong for my liking.
But they make money and that is my goal too. So there.
B
WFMI/PNRA - Went to their (WFMI) store in Toronto last summer. Pricey stuff - but then again for "organic" / "natural" products you have to pay the price. We have similar stores closer to us with far better prices but don't question their selection.
They had a great lunch food selection - not all you can eat but hot/cold items you could load up on.
Funny when I went to buy a bag of "raw" sugar they charged tax. They didn't deem it as food. I promptly returned it minutes later. (no it was not taxable - I am not going to argue, just refuse to purchase it).
Now that segways into a good article in Business Week on Panera Bread Co. (PNRA). Offer high end sandwiches on premium rolls.
Beaten down lately as most -- around $69. FWIW.
B
Went downtown today and found another Apple store in one of the malls - my eyes caught the huge 30" LCD ($2999C). Amazing. Had to chuckle how I couldn't get from the bottom right corner to the top left corner without having to pick up and move the mouse back. Like 2560 x something.
Just drooling over that. One could truly enjoy playing a good game of Windows Solitare with a monitor like that. Hmmmmm...
B
PS: Market is shit. Stocks go up up up then down hard. Zero sum game.
TMF: Ward Cleaver Was Right (CPST and other junk)
Ed: June with a wry smile says "Ward, you were awefully hard on the beaver last night!" Ward returns a wry smile and a wink.
By Nathan Parmelee (TMF Doraemon)
May 5, 2006
Investing is about the future, but to make reasonable predictions, you need a healthy understanding of the past.
I was reminded of this by a recent posting on our Motley Fool Income Investor message boards. Someone was looking for suggestions for good stocks for a 12-year-old, and member ZzF00L answered with a reference to a 1962 Leave It to Beaver episode.
Rocket ships or utilities?
In "Stocks and Bonds" (season five, episode 194), Beaver and Wally take an interest in investing, and Ward decides to let them give it a try and learn about the market firsthand by making an actual investment. What's interesting about this episode is that investors today face many of the same problems Wally and the Beav did more than 40 years ago. We're all looking to earn money on our savings, but finding a place to earn a return above what a savings account provides -- a little less than 4.5% today -- without taking on a heaping pile of risk isn't so easy.
In the episode, Ward steers Beaver and Wally toward a dividend-paying company, Mayfield Power and Light. If that doesn't sound like a nice, safe, and absolutely boring investment, I don't know what does. But the boys are simultaneously tempted their friend Eddie Haskell to invest in Jet Electro, a company that builds rockets.
Naturally, Jet Electro's stock shoots up, and the boys can't stand their boring local utility a minute longer. Ward relents and moves their money into the rocket company. Can you guess what happens next? The rocket company loses steam, and the boys lose almost their entire investment. Anyone who indiscriminately picked up a dot-com in 2000 can empathize. In the end, Ward saves the boys because he kept some of their money in slow and steady Mayfield Power and Light.
Things aren't so different today
In the market today, just like in 1960s TV land, the companies that garner the most attention are those with new, unusual products that promise to change the world. Unfortunately, they also often lack fully proven business models. Sirius Satellite Radio (Nasdaq: SIRI), Capstone Turbine (Nasdaq: CPST), and Plug Power (Nasdaq: PLUG) are all companies that investors expect great things from, and they've rewarded these companies with full valuations before they have even shown signs of profitability.
On the other side of the coin are the Mayfield Power and Lights of today. Companies such as Dominion Resources (NYSE: D), Nike (NYSE: NKE), and Citigroup (NYSE: C) all have a long history of earning profits and paying dividends. All are businesses that should endure for years due to their brands and competitive positions. Even better, they're attractively priced today.
Foolish final thoughts
It's fascinating to me that a television show from 1962 can explain the some of the difficulties investors still struggle with today. I can see this episode taking up permanent residence in my video library right next to the 2004 World Series and other timeless classics.
In many ways it's good that the behavior of the stock market hasn't changed all that much in the past 40 years -- that leaves opportunities for investors who appreciate boring investments. Having a little Mayfield Power and Light in your portfolio to provide dividend payments during all seasons can't hurt.
Sometimes those boring investments can also perform like rockets. California Water (NYSE: CWT), an Income Investor recommendation, is one of those boring dividend-paying companies that has also delivered fabulous returns. Since being recommended in the October 2003 issue, California Water has beat the S&P 500 by 39 percentage points, returning a total of 67%. Each month, Fool dividend guru Mathew Emmert recommends two dividend payers worthy of Ward Cleaver to Income Investor subscribers, and over the past two and half years, his picks are beating the S&P 500 by more than four percentage points.
Like to see for yourself? Mathew's offering a 30-day guest pass that gives you access to all his recommendations and past issues and our subscriber-only message boards. Click here to learn more.
Nathan Parmelee has no financial stake in any of the companies mentioned in this article. The Motley Fool has a disclosure policy.
URL
http://www.fool.com/news/commentary/2006/commentary06050507.htm?source=eptyholnk303100&logvisit=...
B
PS: Eddie Haskell is to Wally and Beaver as James Cramer is to..
(Frank - for a moment I thought you were into Fabulous 4 or X2.. as in MVL)
TSX - Symbol Extension Decommission
Ed: Jeez - finally. What a PITA these new codings were! Will make looking up quotes on Yahoo! and Stockcharts a whole lot easier.. News itself is OLDE but the beginning of changing of codes started on May 3rd.
TSX Group Inc. has provided listed issuers with further details on the planned stock symbol extension removal -- including the anticipated date the changes will become effective for individual issues. Please find attached a complete schedule outlining the migration. These changes will be made throughout the months of May and June 2006. You may also retrieve the complete list of all securities listed on TSX and TSX Venture affected by this change which will be posted on www.tsx.com.
The “special voting” stock symbol extension program was first introduced in 2004 to indicate issues with unique voting structures. In December 2005, TSX Group decided to discontinue this program on it equity exchanges (Toronto Stock Exchange and TSX Venture Exchange) in 2006. These changes are the result of an extensive consultation process with market participants – many of whom had been lobbying TSX Group for changes to the 2004 symbol modifications.
PLEASE NOTE: On May 8th - As per the Press Release issued by Canadian Tire Corp. Limited, they will also be changing their Root Symbol from CTR to CTC.
The LIST is here (OLD and NEW symbols):
http://www.tsx.com/en/pdf/SymbolExtensionDecomission_Feb15-2006.pdf
Hi Frank...
B
MSFT - 200M shares in 45m.. nice.
Anyways was wondering what people thought about NDAQ? Apparently a bunch of IPOs are coming on stream, plus mergers - seems to be a bunch leaving the NYSE and moving to NASD - Liberty had/has a very active stock (high volume/commissions) and is moving as well from NYSE.
Somethin somethin...
B
Jesus, can't make a buck in this market, country's going to hell faster than when that sonofabitch Roosevelt was around... too much cheap money sloshing around the world. The biggest mistake we ever made was letting Nixon get off the gold standard.
Lou Manheim, Wall Street
B
PS: Funny thing is, for you that know the movie, just before you see the NYSE and hear the bell with "1987" across the screen.. you hear Lynch with his pre-market blurb... appears the script is different from the movie..
The stentorian voice of OFFICE MANAGER HIERONYMUS LYNCH
booms over the intercom.
We see him peering from behind the glass partition in hit
office; tall, balding with a perpetual worried look on his
face.
LYNCH
Attention. Please. Office Production
is down ten percent this week. I
recommend that you all go through
your clients' investments for any
portfolio adjustments. And don't
forget -- double commissions today
on our 'A' or better bond funds.
(looking in Bud and
Marv's direction)
Especially you rookies. Also,
remember, the sales contest ends
tomorrow.
Bud and Marvin roll their eyes. The digital clock flashes
9:30. The CREDITS close.
BUD
And they're off and running!
The room rises to a subtle but new energy level with the
clatter of the ticker, speakers, teletype machines,
newsprinters' Dow Jones and Reuters, phones ringing off the
hook. Brokers are shouting orders, running for tickets,
dodging each other; it's a controlled riot.
BROKERS
Here's a hot lead... Have I got one
for you.... sell ... dump it all!!
... 500 at an eighth, an eighth!...
July fifties. April thirties...how
bout those Decembers? You see where
they're going? ... Morgan is
selling a billion one at the close.
Yeah. That's right, they're selling
all over the place... we're still
long on the treasuries -- $110
million. What about the Japs?
...Where am I?
(confused at all the
phone lights)
We gotta lot of lights here! Let's
pick 'em up.
BUD
(on phone)
Jack, take 50 Gulf, with a 3/8 top,
forget the hundred. What about
Delroy? I can go long at 23, let's
go long...Conwest Air -- let me
check it...
Chuckle. Watched Soylent Green for the first time a few weeks ago. So our next commodity is PEOPLE. As far as happy endings - well yes there was sex involved...
Today a letter was read on CBC Radio 2 - Shelly Solmes (http://www.cbc.ca/herestoyou/index.html) and it went something like this.
A very special woman wanted a child born on the day of the great playwright William Shakespeare (1564 Apr 23). That child was moi and as always did not conform to my mother's wishes and was born on Apr 24th. 4 years later my sister too did not conform to her wishes and was born Apr 22nd.
But both of her daughters have since given birth to two grand children born, yup you guessed it, on Apr 23rd.
Ed: Zillion billion to one. (no not not my latest stock consolidation but the odds on the dates).
"one penny to sexith me rough"
B
The Copper Caper
Everytime I hear/read something about copper I always remember the episode of Sanford & Son when a man was selling copper and they (being in the JUNK business) bot it from him.
The last time they were waiting a bit in a coffee shop and the guy eventually showed up. They bot it from him and found out later there was someone selling illegal copper. They figured that they bot that illegal copper and dumped it in the ocean.
When they got home, there was no water - so Lamont went to the basement and found that all their copper pipes were gone. The guy had stolen and sold THEIR copper to them and they dumped it all in the ocean.
I love happy endings.
B
Chuckle. He has a good sense of humor alright. Always a joke or two or three at the resource shows. At the last one - from Cambridge House, Grandich was the MC and said "does anyone have a football score? Anything? Someone please yell out a score - even if it isn't real!"
I liquidated a bunch of this one at a rather large loss. But a couple of accounts still have - albeit higher prices. Yes, even the junk is moving so I ain't sad.
Thanks for the chuckle.
B
(FYI: Last October, Cambridge House show, just to ensure everyone knows this here - after that event we went to a great place to eat - Kastelco missed that one. All I ever hear him say is "all the places we have gone to aren't that great". He always forgets he missed that one.)
Good Lords, Tracy has gone legit!
AUDC looking better each day. Like a spring that will "POP". Interesting roller coaster weekly - with an up direction.
My energy trusts did amazing yesterday.. though flat today. AGI back in the high $9s in CanuckBucks.
My broker reported back to me and said too bad on the ON STOPS. The only way to solve the problem is place the order closer to the open when the "imbalance" between BID/ASK wrt to market are taken care of. (I suspect Interactive Brokers would solve that problem -- with some programmed trade parameters).
In time Sexy.. in time..
B
Food for thought.
I emailed the brokerage. Another thought I had was - the bid/ask goes wonky after the market closes. Not a great scenario but in theory if I see a stock tanking today and want to get in tomorrow, before 4pm go in and place my ON STOP BUY - in which case I am above the last ask.
The question is - because it is in BEFORE the EOM and BEFORE the ASK takes off above my trade - will the order stick?
Again I will see what they say then him them with this reply and see if that works ok. Alternative is being there manually diddling with this stuff at 930. And if the stock opens a lot lower (continuing the downtrend) then all is for not.
I asked for "what are my options" so we will see. Typically pretty good on dos and don'ts.
Now if this was my cable company - they would come back with "Thank you for contacting Rogers. Yes you can place an ON STOP ORDER below the ask price. If you have any further questions please ensure you respond to this email. Thank you for choosing Rogers."
B
Thanks. Funny one of the cell phone providers has TV on the cell and one of the stations is Bloomberg. I get Bloomberg TV at home - haven't got into the 24hr stuff. They seem to be more "headline" news style - less on the "shows" like say CNBC or Fox.
The problem on the ON STOP BUY orders is that (not 100% sure across all exchanges) people can put shit ass bid/asks.
So a stock closes at 30. There is a bid at $24.01 and ask at $35.50. When I place the ON STOP BUY order at say 30.25 with my discount broker they say (software) that I must place the order above the ask - which is $35.50. I cannot explain why so I am emailing them with a reasoning.
Then again I am aware (loosely) of different rules for different exchanges and one of them is Nasdaq.
B
Yeah Crammer helped my CPST get to the $5s. Made money and hold a wee bit still.
My biggest problem is that when I take a peek at the intraday time frames I let it affect my trading plan. I bought based on the setup on the daily and I am going to sell based on the technicals on the daily.
I am constantly battling the "voices' however.
My dad use to check the paper the next day and then could call in to get a quote. Figures the ability to watch your stocks on Yahoo! et al (and even Streamers on the brokerage sites) just sucks you into trading more.
John Kaiser (Bottom Fishing Guide) says to sell on the way up and sell on the way down. Essentially he provides fundamental analysis of resource plays that sit in the low pennies (can be anywhere under $1 but mostly under 50 cents; 20-50 range). So the theory is you are buying a large quantity and can, as it moves, start unloading chunks of it.
I had a dot bomb winner - sold on the way up and like a deer caught in headlights didn't on the way down. Did well but could have been living mortgage free today. (I survived and love it all still so that is well behind me with a chuckle).
Your lack of profit taking - well I figure as stocks rise and rise and rise there should be some plan to sell say 1/2 or 1/3 or 1/4 as soon as it drops off - say 10% or 20% - in other words, plan on your exit before you buy and buy enough to make it reality. So if you bot a $100 stock and could only afford (based on cash and/or risk) 200 shares, how could you possibly sell that in chunks? Feeble. So you don't look at those stocks. At 20 you could buy 1000 shares - so you hold - and it goes to 60 and then drops - at 15% drop to 51, you would sell 20% lets say, or 250.
Many angles -
A) Sell all of it once it falls off the cliff
B) Sell say less than 30% of your holdings in order to recoup your investment costs - play with the freebies
C) Sell a % as it drops % (described above)
D) ?? (do you have a strategy at all?)
E) ??
Any way you look at it - you gotta be selling. I am not in favor of the "dump it all" approach. Because I fear the turn around and runaway.
I can have a good entry - say on a simplistic level (ignore EVERYTHING and go with this) - if the stochastics is DOWN and below 20 I buy. It then rides above/along 80 and then as soon as it drops to say 60 or below I sell. The stock re-entry would be at "below 20" again right? But what if it goes to say 45 and then reverses and then takes off. How do you re-enter? Not part of your strategy.
So to explain further VTIV.
So lets say I sold on Feb 9th after a good run.
The buy back would be around Feb 23rd.
Out March 3rd.
Never came back to below 20 - and off it goes without me on a great run.
Easy to have sell places but again the re-entry. I'm not saying it is GOOD to re-enter because around March 6th who knows what the world will give us as we only see the left side of the chart. But it is a problem.
So enter the MACD - it went negative around Feb 9th yet didn't around March 3rd. So I would have stayed in.
Dunno. But whatever it is .. I am going to come up with something and stick it out and try it. And I know the only way that will be even close to be possible is using stops because I have proven time and time again that I tend to "believe" it will turn around and it never does.
I have RUN (Reunion) and made money in the 80s before (bot in the 30s). Well it went back down to 20s and in the summer spoke of debentures and can't pay debt and I was laughing. But nothing happened to the stock negatively and it came back - well it is 141 now.
Today it was going down and at about 1.25 I put a sell of 1/3 of my shares at 1.32. I get to work and it was 1.55 (F*ERS!).
Its a no win game. Can't look at it as not getting 1.55 but instead I made about $1 on those shares in profit and still have 2/3s left. That is more important than woulda coulda shoulda.
Thanks for the copper stuff. I will review that. I hear there is a shortage of pennies. Now whether or not a weekly will get me excited.. well one thing in my handle does and weekly copper doesn't share that...
Sexicus..
Sadly not enough. Being doing well lately - not trading - and watching the junk rise. (save for the TV show in Mexico with MR; never had a desire to go to that hole and no idea why I invested in that place either).
The one that has been on the list for a while is VTIV. They are in a consolidation period now. Similar to AUDC in ways (save for the volume not high enough to make my scans). Lately the weekly fall off in prices doesn't look good but they still have a rising EMA weekly and the daily has downward stochastics and below the EMA. Been a steady climber for a while. Have to see how this thing cools off. The positive sign was the kangaroo tale on the daily yesterday.
Now one other was NEU - saw that yesterday on the IBD Big Movers (Down) - lovely weekly and daily fell off the chart - and is recovering today.
Two problems
(A) NYSE asking why their price dropped so much on Monday and it continued on Tuesday (they are recovering today). Mum about it.
(B) On stop buy - you would lose a great deal of yesterday's loses. I know there is a system that needs to be developed to help pick that price - for these kinds, but not there yet.
Based on those two criteria I would pass on it.
SBUX - On my watch since 34 (its price not my age). Again similar stuff. This one is in WAIT mode albeit the daily is a little sloppy. Weekly is weakening but EMA is still strong.
A good down day could prove to be a good entry point.
But in the end AUDC; VTIV and NEU (and SBUX somewhat) are all in the same SoB camp of what I am looking at. These are what I would trade based on a down day yesterday and buying on the reversal.
Going forward my plan is:
(A) Place a buy stop the night before
(B) Review during the day if it got hit; revise or remove accordingly
(C) If bot immediately place the sell stop
Too much time wasted on watching the screen. Playing the bigger stocks, IMO, allows me to move things into automatic pilot to a point.
So I cannot offer more today but promise in the coming weeks to point out a few that are similar. My scans basically weed out stuff I don't want to look at; then to pick out stuff to look at. No black box - here are three buy them. My eyes need to review the charts still.
Between heavy work load lately and taking on the Fundraising position at our school, little time to continue my scan development. But will keep you posted Chary.
Blaker Blaker!
Of the bunch, on technical level only, AUDC is the best IMO.
Rising weekly EMA; daily fast stochastics falling; and prices falling toward the daily EMA.
Strategy might be on the next down day, place a on stop buy at/near high of the day (if not too wide). If prices swing up you bot into the rally; otherwise you still would be out - pining for another day and resetting the on stop lower.
Only one in the price range I like and, it passed my basic "avoid low volume" criteria (meaning it is part of my 1500-2000 stock sampling I do).
Audio Codes. I am forever downloading audio and video codecs - if they can make money doing it, all the better! (chuckle.. kidding of course since I know ZERO about what the hell this company is except the name and symbol and price action).
FWIW!
Cheers Chary!
Sexita..
HA! Well if this were Manhattan, there would be no car at all.
The greatest thing the TTC ever did was scratch their balls and say "is there some place where we can spend the most money and get the least impact to help the whole of GTA?".
Well I guess they could have built Steeles and joined Downsview to Finch. Just think of how many questions at Finch asking "which of these two trains goes south?" would be eliminated! We'd all be a lot happier without hearing stupid questions.
Chuckles!
B
Funny - my older brother >50yrs old - you would never guess he was my brother other than the looks. Goes through money like water. He came over with my parents from England - and life wasn't so "upper middle class" as they ended up. Yet he spends as if there is no tomorrow - with every gadget known "oh yeah I have an ipod" etc. (I already said my biggest TV is a 24" and his, well.. less than 60" would be small I think).
Yet me, totally opposite. Packing money away here and there - for the "just in case". Currently we have SGR, SPR and SPR. (thats strategic gas reserve [20L in garage]; propane [extra tank ready]; perrier [Kirby knows best ]. Two freezers - enough food to last a major bird flu problem (read: waiting for more MAD cow beef sales and 3 for 1 birds at Dominion!)
Meanwhile I've had an RSP since 20 and RESP since it was started. Always pay CC in full, no loans except mortgage yadda yadda. The very thought of paying fees and interest on my CC -- you might as well strike me here (!!) right now.. yet every conceivable place that takes CC, I pay with it.
"Honey! We cannot afford to buy an armoir now.." (equals) "Honey, do you think I would liquidate the stock account for a pile of wood?"
Can't say what it is. Is my brother spending so much because he never had it when he was growing up? Dunno. He worked at Mr. Donuts while in high school. I never worked a day until AFTER highschool and AFTER my computer school. As long as pop gave me money for chores, that was enough to afford the Apple //e clone - there was nothing else needed. Had no need for a car (he has 3 now - one for the summer only; and I still have 1). (no he isn't much better off financially than me - just a spender).
I actually thought my dad was cheap - of course I am closer to my dad in that respect than either of my two brothers. It costs a lot of money to "drive" a nice car or wear the "latest" fashions. Some just need others to look at them in awe.
Others (outside the family) can call you cheap or whatever. Actually people who call me cheap - quite frankly are the cheapest people I know - next time someone calls you cheap - like a friend - think about that.. I'll bet you'll see ridiculous crap he does that you'd never do and you'd say "now thats cheap!"
I/we can only guide my kids - I/we want them to spend wisely and save and invest. But what I/you wish for and what they do are two different things!
Cheers!
B
"Some"... oh Chary.. do tell...
I have my eye on some small cap tech
B
I know a few versions of DP but what is yours?
We were quite literally DP's off the boat and family never had any money when I was a kid. Hockey is a capital intensive sport and my parents didn't want the extra expense.
Enquiring minds want to know.
I want to know!
B
Test of the American Broadcasting System
LINKABLE
NON-LINKABLE
GRUB: 69
MR: That coyote is one really unstable bitch!
Nothing but laughter. Nothing but laughter. Enjoy!
Metallica Resources Reports Restriction Imposed on Blasting Permit for Cerro San Pedro Project, Mexico
TORONTO, ONTARIO--(MARKET WIRE)--Apr 7, 2006 -- Metallica Resources Inc. (Toronto:MR.TO - News)(AMEX:MRB - News) today reports that SEDENA (Secretaria de Defensa National) has responded to a court order and renewed a previously imposed restriction on the explosives operating, or blasting, permit it issued to Metallica's Mexican subsidiary, MSX, for the Cerro San Pedro (CSP) project for the calendar year 2006. This restriction resulted from a legal action similar to a previous action brought against SEDENA to prohibit it from authorizing the use of explosives on ground owned communally by the ejido of Cerro de San Pedro, which includes the pit area and the access road to the pit. MSX is working through both political and legal channels to have this restriction lifted and MSX counsel believes that it can be resolved within the next several weeks. This new restriction is not currently expected to impact the completion of construction, which is scheduled for the end of 2006.
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Full Story: http://biz.yahoo.com/iw/060407/0122047.html
B
What was that Kastelco?
http://www.siliconinvestor.com/readmsg.aspx?msgid=13282288
Listen here Doris, not sure if you are the Man Who Knew Too Much, but I knew James Stewart and you are no James Stewart!
That song of hers was enough to turn me off her permanently. Not enough to turn me off Mr. Smith mind you. According to IMDB she is still alive.. alive I tell you!!
Been mostly passive myself (though still have investments in various places) and doing well overall. Cripes, even the junk of junks are moving for me.
Should have taken Ben Stein's advice and got into SBUX a few bucks ago. EWJ was todays "On the Money" trade of the day.
Here's to continued success going into Q2!!
Grandich said around this time is when gold starts to slide down (historically) - so be careful (yes my AGI has lost about a $1 recently yet CKG (yes more JUNK) has done well of late).
Yadda yadda..
Smiles and Chuckles all around...
B
FRANK: Could you please get me a snapshot from IBD on "PLAY". Also do they offer any detailed insider trading at all that you know of? (I know they will show a rating on institutional buying..).
Based on a show on FOX (Cashin'In) - not looking at it as a trade or anything. They suggested a bunch of insider selling and wanted to know if/how that was reflected at IBD.
Thanks
B
NBR Market Monitor--Stan Weinstein, editor and publisher of "Global Trend Alert,"
March 10, 2006 - (NBR-Nightly Business Report on PBS)
Ed: Yes over a week old - but I just watched it this weekend. He does not provide stock picks but instead sectors along with some cautionary comments... thought this week in particular was post worthy --
Last "(INAUDIBLE)", of course, was the S&P 500...
cheers!
B
PAUL KANGAS: My guest market monitor this week is Stan Weinstein, editor and publisher of "Global Trend Alert," an advisory service for institutional investors and Stan, welcome back to NBR.
STAN WEINSTEIN, EDITOR AND PUBLISHER, GLOBAL TREND ALERT: My pleasure, Paul.
KANGAS: How do you view today`s big rally on Wall Street in reaction to the employment report? Was it justified or overdone?
WEINSTEIN: I don`t worry about justified. I try to evaluate. To me, it`s a case of less than meets the eye. Even though the Dow had a nice rally, up over 100 points, all you have to do is see that back last July, you had 500 stocks hitting new yearly highs. And today there was like 115, 116 and the S&P is much higher today than it was last July. It`s a warning.
KANGAS: When you were with us late this past July, as a matter of fact, the Dow stood at 10,600 and you predicted stocks still had room to go higher, but the market was becoming very selective. The Dow did indeed go higher, now well above 11,000 -- congratulations on that call -- and it`s indeed selective. Now the question is, is there more upside for stock prices? Is the bull still alive?
WEINSTEIN: It is alive, but I think we`re in the top of the ninth inning and we have to play very, very carefully here. There are a lot of stocks, in my opinion, have already seen the high for the cycle, irrespective of what the Dow does. So we have to be a very careful selective player here.
KANGAS: Give us some positives for stock.
WEINSTEIN: There are a lot of ones, but the ones that I especially like aerospace, pollution control, those are good areas. I also like telecommunications and then Paul, some of the defensive groups are coming on here, like the foods, the soft drinks, household products and also ones, when they start to go with defense and sit on the lead (ph), that`s warning us that we have to be a little careful here.
KANGAS: Which ones are the negative?
WEINSTEIN: The one I`m most concerned about which a lot of fundamentalists like are the home builders. I know that they look cheap on fundamentals, but the charts look very dangerous (INAUDIBLE) to be a seller in the home builders. I also think (INAUDIBLE) related stocks, many of them look like they`re topping out. I would not want to be buying those issue.
KANGAS: So those are the sectors you would avoid.
WEINSTEIN: Definitely. And we were bullish on them, as you know, for quite a while.
KANGAS: OK, now as you correctly forecast when you were last with us last July, the smaller cap stocks would lead the way higher and indeed they did. You were right on that. When are the big caps coming into favor?
WEINSTEIN: Well, I think the smaller, mid will still do well, but to a lesser degree, I do see as I said earlier here, some of these household product defensive stocks starting to come on. So I think some of the big caps will come on a bit, but I still think that in general, the midcaps will outperform, which they`ve done throughout this entire bull market for three years now.
KANGAS: OK. I know you don`t give individual stock recommendation anymore since you retired from writing the professional tape reader, you don`t do that, but except for your institutional customers, correct?
WEINSTEIN: Correct. Six years ago we.
KANGAS: Well, the sectors we know you like and those that you don`t like. But let`s talk about bonds for a moment.
WEINSTEIN: Bonds, I think, have seen the high for the cycle. That means interest rates have seen the low. I do not think this is a time to be an aggressive buyer of bonds. I think bonds are going to head lower in the coming months.
KANGAS: How about high-yielding utility stocks?
WEINSTEIN: This is another thing that worries me. The utilities saw their high last October. Historically, Paul, they top out about six to eight months ahead of the market. They haven`t seen a high. It`s been now 5 1/2 months. I would not be buying utility stocks. I think that`s a worrisome thing about the coming months for the overall stock market.
KANGAS: On your last with us, you were rather neutral on gold, although you felt it was in a long-term bull market. How do you feel about gold?
WEINSTEIN: I said last time, neutral. If you went above 455, it was a heck of a ride.
KANGAS: That`s right.
WEINSTEIN: You got that heck of a ride, now long-term bullish, I think when it recently hit 580, I think that was an intermediate top and I think we correct in the coming weeks, the long term is still bullish.
KANGAS: Do you feel the same, gold and silver will move in tandem?
WEINSTEIN: Yes, but I think silver at this point has a better risk- reward ratio than gold. So I would rather be buying silver. I think it`s where gold was nine months ago when I was on your show.
KANGAS: We just have 30 seconds left Stan. And last-minute thoughts to impart to our viewers?
WEINSTEIN: I think probably the most important thing here of course (ph) is to know people don`t understand is the difference between market tops and market bottoms. Bottoms are sort of a monolithic affair, tops a slowly diffusing thing. If you can be lucky, sell the top day (ph) of the Dow, you will find most stocks have made their high well before that. Look at your charts. If you stock is topping out now, don`t wait for the market to reach a peak.
KANGAS: So we`re near the top, and it`s time to be careful.
WEINSTEIN: Right, one last thing. Watch these levels. 10,600 Dow, 1240 (INAUDIBLE) bearish.
KANGAS: Stan, thanks for being with us.
WEINSTEIN: Always my pleasure.
KANGAS: My guest Stan Weinstein of Global Trend Alert.
http://www.pbs.org/nbr/site/onair/transcripts/060310c/
Yeah noticed that..
Is it me or nothing is really going up consistently day in and day out? Lately been pretty choppy?
Or it is me? You can tell me.. I can take it. I have a weak heart and low pocketbook amount .. but you can still tell me!
AGI up huge two days ago.. down hard yesterday.. flat today..
And the beat goes on...
B
Thanks.. open to new ideas and apps.
When I saw the three options available the one that stood out was the "+YAHOO" stuff. Not bad but why must I go elsewhere when my browser itself is capable?
(To me the best thing about Firefox is richness of all the addons by the community. I have found the entire Mozilla.com site to be a filled with a wealth of great apps - with Sunbird (Calendar); Thunderbird (Email) and Firefox the most notable. What products can be without being made by a monopoly.)
At any rate, my thoughts stand but I will check out the bloglines. Further, I know there are extensions that improve upon the RSS feeds and will review that too (I think one of them kept track of read headlines).
Appreciate the help!
Sexton
FIREFOX: I was wondering if there would be direct support of RSS within Firefox?
When you go to a page that has RSS feeds, an icon appears (bottom right). You can then click it and it shows "subscribe to..". From there I choose then add it to a bookmark (I use LIVE) - basically this becomes a LIVE bookmark.
I select the LIVE folder from bookmarks then the name of the subscribed feed (says Latest News from Reuters >) it then shows a list of the latest stories (after updating).
So in theory if I subscribe to 5 boards I should see each board in my live folder then as I select each it shows the posting.
Not sure if this was asked - or thought of. This is native in Firefox.
(and the entire world can say "we don't support that" as every bank and brokerage does, but I use it exclusively without any problems on my sites)
Anyways would be great to go to Mostly Classical - and see the icon below then I could click it and say subscribe.
At any rate, great improvement!
Cheers
Sexton
MR: If your on a highway and a falcon goes BEEP BEEP...
Metallica says Falconbridge stake at 9.9 percent
OTTAWA, Feb 24 (Reuters) - Metallica Resources Inc. (MR.TO) said on Friday that Canadian miner Falconbridge Ltd. (FALlv.TO) has taken a stake of 9.9 percent in the company, or about 8.2 million shares.
Falconbridge disclosed early last year that it owned about 6 million shares in Metallica, a precious and base metal exploration company.
Falconbridge has further disclosed in a U.S. securities filing that it owned 8.21 million shares in the company as of Dec. 31, 2005, Metallica said.
Falconbridge took a 70 percent interest in Metallica's El Morro copper-gold project in Chile in August 2005, and is required to complete a feasibility study on the project by September 2007, Metallica said.
http://yahoo.reuters.com/stocks/QuoteCompanyNewsArticle.aspx?storyID=urn:newsml:reuters.com:20060224...
B
PS: Whoever thought of this new format of symbols for TSX (FALlv -- LV and all the other crap).. GOOD JOB!
MR: Fire in the hooooooooooooooole!
Metallica Resources Reports Restriction Lifted From Blasting Permit for Cerro San Pedro Project, Mexico
TORONTO--(BUSINESS WIRE)--Feb. 9, 2006--Metallica Resources Inc. (TSX:MR - News; AMEX:MRB - News) today reports that SEDENA (Secretaria de Defensa National) has removed the restriction from the explosives operating, or blasting, permit it issued to Metallica's Mexican subsidiary, MSX, for the Cerro San Pedro (CSP) project for the calendar year 2006. This allows MSX to pursue full and unrestricted construction of the CSP project. Previously, the permit had a restriction prohibiting the use of explosives on ground owned communally by the ejido of Cerro de San Pedro. As a result of a favorable legal ruling, reported in January 2006, SEDENA has removed this restriction.
http://biz.yahoo.com/bw/060209/20060209005687.html?.v=1
Wile E. Coyote.. you really are a SUPER GENIOUS.
OT:
Rick: How can you close me up? On what grounds?
Captain Renault: I'm shocked, shocked to find that gambling is going on in here!
[a croupier hands Renault a pile of money]
Croupier: Your winnings, sir.
Captain Renault: [sotto voce] Oh, thank you very much.
[aloud]
Captain Renault: Everybody out at once!
OT: Hmm.. I wonder. During all those times Wayne's father Walter drove him to those hockey games, I guess his father never said "whatever you do Wayne, while you are part of the game, never bet on hockey!"
His underling is involved.
His wife is involved.
HE is not involved. (????)
B
Inflation? What infaction?
Just a rant - personal observations. If energy doesn't play a huge part, not sure what does!
Rogers is going ahead with a price increase effective March 1 - both internet and cable services - for me its a 3% increase - $72 more a year. Thankfully my cell is still grandfathered - billing by the second no less - so as they say UP YOURS TED! (lets not even talk about they reduced services with the internet 2 months ago).
This week the milk prices shot up - apparently a go ahead to increase their prices. Homo from $4.24 to $4.48 (conservative since that is at Sams). 2% from $3.69 to $3.98. (and I am about 4-5 days per 4L)
Reid's Dairy where I pick up my 18% cream and ice cream. Last week it was $3.69 for cream - and if you buy 2 or more you save $0.20 each! This week - $3.79 and save only $0.10 if you buy 2 or more! Wow - they must have studied Ted - Ted is the king of screwers and that folks is a double increase!
Picked up a Philips DVD 642/37 -- warranty? WTF is that? Not only is it merely a 90 day warranty - wait it gets better! Thats a 90 SWAP only and then from day 91 to 365 - a prorated option to BUY one from them. Oh joy oh bliss! I should be overjoyed they give it to me on sale for $69.
Pork is cheap now - Picked up a couple of $20 packages of backribs from Costco today - $7.99/KG - heck that is more than half price to what I paid last summer.
In Richman's Hill -- On the same property of Sams (hell doesn't WMT own all the land these days?) they are building Best Buy. We currently have a Future Shit - but as we all know Best Buy bot out Future Shop and are maintaining their "dual" store formats to trick customers. Oddly not all products are across each store - Philips is only sold in Best Buy.
Speaking of WMT - I was at Home Depot and when asked why I was returning something that was $4.58 - I said "because it was cheaper at the world's biggest competitor". He started to ask a bit more but I said - "you and I know who the biggest competitor is". The sales person said " you know we match prices by 10%". I said no thanks have no time for that (reality - Walmarts price was about 50% less....
Oh yeah, and my Liberty Health (health plan) which was taken over by Maritime -- they said about the deal "our size will help reduce costs". Then Martime was taken out by Manulife. They said about the deal 'our size will help reduce costs". Funny every single year it is a 3-4% increase. Every year!
Tim Horton - to be spun off - is raising their prices again. No they didn't specifically say "COFFEE". But did they have to?
Yet in all these years -- commissions for stocks have been decreasing....... all hail this wonderful world!
Cheers all and enjoy the weekend!
Blake