Replies to post #26861 on Greene Concepts Inc (INKW)

[Garyst]

Hotrod... I appreciate your post. I think if I am not mistaken "Fatherhood" is coming to you for the 1st time here shortly and you will be busy with that. Hope all is well and I congratulate you for your Posts here but there comes a time when other things take over and time may not be on your side. Good for you Bud! I'm sure you will be posting as you said but cherish what is most important and that is the newborn. I honestly wish you the best and that all turns out well and look forward to seeing more of your posts down the road when you have time.

[WSD]

A lot of my investment decisions will come in tomorrow. I have a big stake in Citigroup, and tomorrow they are reporting earnings as well as holding an annual shareholder conference. If earnings are not as expected, I'm cashing out tomorrow and putting my funds into the bond market. As for the the US dollar. I converted most of my "Excess" US cash (Basically all the cash that was not already invested) back in to Canadian Dollars the moment we hit Parity. Last time we crossed PAR, the CAD was worth up to $1.105X USD and lucky enough for me, I had a big order in to purchase the USD at exactly $1.10 USD per CAD (This was for hard cash, not FOREX). I'm hoping for the same thing now before a turn around, and the way things are headed (Oil, and Gold, a big export market for Canada) I don't think that day will be far.

As for markets being down, I think record high Oil and prices at the pumps will lead us into another recession and a market crash. Both the TSX and the DOW are sitting close to their all time highs as well, and I too feel the bubble is about to burst if oil continues to rise.

Let me put it this way...
The last time we had a recession (Stats for Toronto, Canada):

- Oil reached as high as $145 per barrel.
- This resulted to prices as high as $1.45 per litre of gas (3.8 liters = 1 Gallon, so about $5.51 per gallon)
- Price for the CAD I believe was $0.80 USD per CAD, or 1.2 CAD per USD meaning the price per barrel of oil in canada was $174
- Everyone had jobs and was living a good life (Before the crash and when prices were this high)

Currently....

- Oil is sitting at $109.75 per barrel
- The price per litre of regular gas in Toronto is $1.35 (or $5.13 per gallon)
- Price for the CAD is currently valued at $1.0401 USD per CAD or $0.959 CAD per USD meaning the price per barrel of oil in canada is $105.36
- Unemployment rates are still high, people are still hunting for jobs, because of the high canadian dollar, many US based companies who manufactured in Canada are moving out due to the increased export costs, The Japanese earthquake has caused shutdowns in many auto plants in Canada due to shortage in parts.

BTW you can confirm everything I said at: http://tomorrowsgaspricetoday.com/default.php


Now, just imagine if oil gets back to $145 per barrel. What do you think people will be paying at the pumps? I smell another recession just around the corner if things in Libya, the Middle East, and North Africa cannot be controlled.

[tradersamo]

Don't worry, the Fed will keep manipulating our markets for as long as it takes! Appearances are everything!

[Tris]

Hey Hotrod, I'm glad youre doing well. I'm assuming you still have a position in LKEN? If you do decide to leave the markets for a while then pleeeeeeeeaaaaase dont sell all your stake in LKEN. External market factors arent going to affect this stock one bit....when they get their act together this stock is going to take off like crazy......regardless if the DOW is at 10,000, oil is $200 a barrel or the dollar is worthless.

I just dont wanna see you sell it all at 6's or 7's when pretty soon you could get 10 or 20 times that.

Think about it at least :)