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montanamark --Good move on that one. Most of my swings are riding high,,, TIN DMN, SNH, PFE, USU, & WPO. BRKB is now only slightly green and novn is 6% red. Every time I reach for the button or phone greed takes over and so far that has been for the best.
zeddie1-- Agree it still looks weak. Still have mine too, only because the day order placed before I left the house did not go off this afternoon,LOL.
Zeev -- <<"Is his $50 to $51 per share on the SPX credible at all..">> He is not out of the ballpark of those he plays the game with. I have seen estimates from the major houses in this range. You may be closer with <<"than 20% above what I would think actual results will be">> than my guess of 7% - 10% lower. Still we must remember there will be many 'write offs'. Did T not say today $1.5 BB for 3500 jobs? They, and others, must have some great (heaven sent) severance packages!
syl-- no-- bought the stock for all the DEMs would only up the amount of Prozac they were already taking. Their "package" indicates they may be smoking something funny too.. If you look you will see $300 was like a fart in a hurricane,, probably why the DEMs want to do it again,, it would be of no benefit & help their whinning during the camoaign----- if they can figure which of the 300 - 500 that want to run stands a chance.
maine <<"Battipaglia sees ">> thats why he is at Ryan Beck. No FS brokerage would have him-- hell,, even Schwamp would not give him a job.
FR-- ROFLMAO!! Rep. John Spratt, D-S.C.should be lead back into their institution as its time for their Prozac! $300-- whata crocka crapa! Joe SixPack can get a couple cases,, if that BS flys I'll buy a few K shares of BUD & YUM again as that is where most of it goes..
<<"And Hal is thinking about going SHORT !!!!">> All you have to do is let a DEM out of the institution to speak and everyone thinks of going short..
Agreed-- however the point only was, there are no loads or additional fees trading ANYTHING in a fee basis account. They are just slow for daytrading.
George-- M-funds can be traded with no fees or loads in a fee based acct. The fee based is around 1.25% and covers 100% of fees + some additional items.
montanamark-- not too concerned. Junk drops with the mkt as risk goes up. They were not immune from holding a few that went BK too. It SHOULD recover with the mkt. The DIVs over time have made the decline nearly irrelevant. As the economy slowly recovers the value of the bonds held should go up, the NAV, price, & div should follow. If so much was not already held I would have backed up the truck from 3.5 - 4. Recent vol indicates some have even more faith than I, esp seeing some lg blocks go by. I agree,, it cannot be charted like a stock issue as in reality it is a m-fund, although closed end. If it drops even 20% from here (very unlikely IMHO) it would take 1 1/2 years of divs to become whole again, for that reason I've not watched SP and do not mind this level as the amount of shares DIVs purchase each month is nice. The total holding is not a lg % of the account due to the volatility--- like everything else is stable,,LOL!!
Shares were purchased for trading in IRA accounts from 3.5 to 3.8. Hopfully, in a year they will avg 15% DIVs and a 25% cap gain.
montanamark-- Have held HYF for years. Currently paying around 14%. It would be unusual for HYF not to raise the div if the SP & NAV continue to rise. They are not reluctant to adjust the div at the end of any month. The current payout is $0.05 per month per share. I've always had the divs buy additional shares. Talk about the power of compounding and dollar cost average!!!
Thankfully, S/L took out HD with only a .02 profit. Not a bad day today overall,,,,,,,
Picked some up @ 21.53,, but this cat may have splattered and may not bounce much,,
LOL! WPO made a new high yesterday and has substance,, not a fad based on fear,, but anything that goes UP is good,
brain-- have tears in my eyes,, forgot an order to sell WPO,,, will buy THAT back,, maybe a couple bux cheaper,,;-{
brain-- novn does not look real strong but this little pop gets me close to even. Zeev's 8.85 S/L may be a good place. Holding so far... TIN & WPO are my best for today but so far only BRKB is down slightly. I'll sleep with it no matter what tonight. Everything else held or bought today is nicely green for a change. HHMmmm-- but for how long???
Agreed & just took a bit of BRKB @ 2395. eom
NOVN looks weak on a decent UP day,,eom
Most will find themselves very sad unless after his 8 years there is someone else with balls! Think,, no one else known at this time has any,,
mlsoft-- I agree. The only good thing to come from bin Laden is the US will now allow its "trades" to do their job instead of relying 100% on others & satalites. The biggest hurdle is there is no 'experience' left and no people in places they can learn/do things. Much learning to be done. Doubtful Saddam will be abducted, too many problems. He may see the error of his ways and move his innercircle & their billions to another country. Then again, he could have an accident or heart attack. If none of the above, GW will send the planes & troops in to visit him. Either way he will be out of the picture. Then NK will find the rest of the world in their face,, and supplying no food to feed it so they will either starve or freeze to death or decide nukes are not needed. I starving, frozen army does not fight well even to "the last man",,
I miss MOST virus as Netscape Mail is used instead of Outlook. Yet Norton has captured this one coming in twice. I've found Outlook spreads more and catures more than anyother email program. Simply due to being what MSFT provides. Since it is so widely used there is no thought process to the pros & cons. Sonce Lotus no longer supports or has anything to do with CCMAIL I'm looking for a different email program for office use--- Outlook is NOT being considered.
Thanks-- agree on most of your projection & supporting data.eom
ALL,,, A Healthy, Safe & Happy New Year!
Great news. A strike will hit their pension too as the stock price drops--- but may find my entry point of 22.90 lowered,, one can hope. It is often possible to find profits due to union greed.
WOW maine,, I feel better since it will only be as ugly as an abbey,, thought it may have as ugly as a reno..
Call 'em & tell 'em they are WRONG!
Site Not working??? HHMMM-- but sold MO, easy decision & if back to low 38 I'll buy again,
jb53-- Thanks. All went well for now. Sad how 70 miles can make such a big (& ugly) diff in the weather. IMO the DEMs will put her on a ticket at some point. They have too few with name recognition. Fewer yet that would accept the nomination. Kerry may be their strength for some time. Just held on to everything today-- not a single trade! Recent purchases are doing well overall. Looking for partial exits on a few like pfe and MO. Missed WPO on the dip today,, and want some of that nasty B&H on BRKB -- and some trading shares of both besides.
jd --- <<".. but no
way is it is place for fantasies.">> There is no one alive that would have Hil or J Reno in their wildest fantacy!!!!
And the survivers will all have to learn a ME language. Old Hil can not even keep Billy happy or undercontrol how could anyone expect her to control anything else? Sadly, it may happen, but not in '04 IMO. Besides-- maybe she will find a (deaf, blind, & dumb) boyfriend and have a heartattack herself at just the thought of..........
ajtj99-- I doubt the UAW will care who builds them as long as they are CHEAP. The cheaper they are the more they can put into their pocket until................. I still buy only US vehicles but have suggested my daughters look elsewhere,, more for the buck and the quality is there,, better warranty in some instances too.
jb-- It is unlikely size will make a diff. Profits is what will count as DIVs will come from profits. The little ones you speak of will have no trouble finding capital IF there is a strong chance of success. Those looking for eyeball count, ears online, or producing products no one will want-- WELL,, they should help investors as they will not get past the dream stage. There is a lot of VC out there,, just much more concerned on where it goes. You said <<"ones who take risks with
new ideas the bigs won't touch? ">> These are some that NO ONE should have touched in the past. If their on sector has no faith then why should anyone NOT expert in the field?
There IS the other rumor also,,,,,,, that cap gains will have a much lower rate on issues purchased AFTER the law changes. So the gains sat on now will still cost ya--- but the next ones could be taxed at a lowerv rate or not at all,, on any size company.
George-- if this comes there will be a lot of bond selling, inc munis. I've been taking profits on corps for some time. Now underweight in them. The munis will have to pay more. If you are correct and it takes 3 - 5,, thats
OK---- the mkt is the only place I can be patient,, but that is unusual too,,LOL
George-- Some is priced in,, but far from all IMO. There was too much question do to the Dems mumbles about helping the wealthy.
I recd the following from someone that found it on the web Sat AM. They are not certain but it may have been from MarketWatch OR?? And it is not complete..
The elimination of double taxation on dividends now appears all
but certain.
What's more, sources say that it's the tax on the individual
level that will likely be repealed. That makes total sense from
a political point of view. It would strengthen the President's
and new Congress' popularity with senior citizens -- the most
powerful voting bloc.
The ramifications of ZERO dividend taxes for individual investors
are mind-blowing!
First, people will run from CDs and bonds to high-dividend
stocks. If dividends are tax-free, no one in his right mind will
sit and be taxed heavily on his interest income. Second, the
muni-bond market would be severely disrupted, as investors rush
to high-yielding stocks.
And third -- this is critical -- companies with strong cash flow
will likely start paying dividends to attract investor interest.
Microsoft, for example, has a gigantic $40 billion cash horde --
$7.57 per share.
This thing will feed on itself. Investors will rush to
high-yield stocks. More companies will pay dividends. The
market will move higher. And even more investors will rush in -- in a panic!
LOL! Zeev-- The RE mkt in Y-town SUX. It is getting better slowly. However, just get 15 miles away and the mkt has been fine. Not too much farther as Cleve or Pgh Pa begin to get closer. There is no glut, no huge building binge. There are several mkts doing well, under 150K and over 350K. New construction in the 200K range does well. Depending on which sm town or rural area how fast the 200 - 300K goes. Austintown & Poland touch Y-town,, those mkts are doing real well. Not much on buying anything except apt bldgs to remodel,, then raise the price on new renters and sell the bldg (being a landowner sux). Profit made on the bldg is multiplied by remodel & higher rents. The only other RE I do is building new homes -- only 1 at a time on spec when time permits. I'm not far from Y-town,, & not too close either,LOL!
There is one thing that could have a tremendous impact-- DIV Tax Break. I've been adding issues that pay a decent div-- on the possiblility of a tax break in Jan. Not for the div but cap gains if enacted. If one can get 4% + / - on stocks with zero tax there may go a lot of Mon Mkt & CD $$. Look at the likes of MSFT and others sitting on tons of cash and they may be forced into paying a div. Granted-- a ST fix for the mkts and they may not run as I suspect,,, but with Bush pushing and now Kerry (Dem pres hopeful?) passage seems assured.
Besides-- who would go in? A dictator? The military? Time to go slow,,
S Chun-Li-- the same has been going on since the 60s. Nothing new-- just making news this time. The practice did slow as NK & SK began talks,, but SK has been vocal on the nukes so this was expected to resume
Now if only Ken Lay and others recd the same treatment as this guy..LOL>>>>>>>>>>.
UANGZHOU, Dec 29, 2002 (Xinhua via COMTEX) -- Fan Shaorun, a former head of
the Bank of China branch in Zhanjiang in south China's Guangdong Province, was
sentenced to life imprisonment Saturday.
He was deprived of political rights for life, fined 150,000 yuan (18,138 US
dollars) and his personal property worth 200,000 yuan (24,184 US dollars) was
confiscated by the municipal court of Zhanjiang at the first trial.
Fan was found guilty of stealing 650,000 Hong Kong dollars from the bank,
misusing 32.1 million yuan and granting illegal loans of 109.5 million yuan and
37.44 million US dollars when he managed the Bank of China branch in Zhanjiang
from August 1993 to June 1997.
The court confirmed he was also responsible for losses to the bank of 4.85
million US dollars and 7.1 million yuan from the illegal issuing of banking
notes.
He was also unable to clarify the source of 1.22 million yuan, 210,000 Hong Kong
dollars and 10,920 US dollars in his personal possession. The money was also
confiscated.
YEP--- a company came in 4 years later,,,,,,,, Sold it about 80% less than to anyone else so brother could build a bigger home... talk about a slap! I could have built my last home there plus quite a few more AND collected,,,,, Mom says I'll be rewarded,,LOL
Syl,, <<"Try walking through downtown on most American Cities at night. Violent crime is alive and well
in America, more so here than any other country">> You are CLUELESS... ROFLMAO!