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Tuesday, April 07, 2009 8:28:09 PM
I know I'm a complete gambling dumbass but I feel cor will get some type of rational bid for their IP before years end. Throwing good money after bad, the cardinal sin. I recently got out of a retail property to the tune of a nice gain and invested near bottom in a few stocks on my watch list, the rest I'm holding in cash for now for I think the market is due for another strong pullback after Q2 and Q3 numbers and forecasts. I don't think Cor can go much lower than the .30's at this point so I figured the $10k in to average down was a rational play. If they get a dollar buyout I will be even and feel much better about myself. The restaurants of recent late have been very busy. Maybe a sign of people spending cash closer to home or shortterm spending of tax returns, not sure, but whatever the reasoning I am doing very well. I don't buy the economic turnaround story yet but think the public's perception is changing even though my area continues to layoff folks in large lots. Green Bay currently at 11+% unemployment. Anyway as I said I am doing very well and I hope you are too! I made a few bucks on powder blue last night as well. It's been a pretty good year all aroung with exception of the big "C". Cheers to a good '09. F4T.
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