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The correction in crude oil is over. Earl will surge back into the 50's this week.

 

The stock market topped last Monday, on a momentum basis, and the top was marked historically by the event of the Googoogaga unlock. The downtrend will start to pickup momentum this week.

 

The war in Iran (not a typo) will have a devastating effect on the stock market, as CONfidence is shattered around the world by horrific, widespread terrorism.

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"Shorty, balance sheets don't mean nuthin' these days, you know that!"

 

"Yeah, I know. But still.....the net tangible asset value per share of GOOG stock is a buck-seventy six."

 

"One dollar and seventy-six cents per share? That can't be right!"

 

"Well, here, read it for yourself."

 

"No, no, I don't waste my time with that funnymental crap. I trade the excitement, the emotion, the momo, the trend."

 

"OK."

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Three years ago I predicted a bull market in gold, and oil (read my old posts).Yet more arguing. It has been an extremely profitable three years, thank you very much. I hope somebody listened. Maybe it wasn't a total waste of my time. Rayok, will now waste no more time arguing with silly hopers. The thrill is gone. :angry:

 

Rayok - We have been listening. Just not giving the feedback :)

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"Shorty, balance sheets don't mean nuthin' these days, you know that!"

 

"Yeah, I know.  But still.....the net tangible asset value per share of GOOG stock is a buck-seventy six."

 

"One dollar and seventy-six cents per share?  That can't be right!"

 

"Well, here, read it for yourself."

 

"No, no, I don't waste time with that funnymental crap.  I trade the excitement, the emotion, the momo, the trend."

 

"OK."

 

Confused. I have google as holding ~$6.80 in cash/share and negligible debt. Isn't cash a net tangible asset?

 

http://finance.yahoo.com/q/ks?s=GOOG

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Doc said:

"This could potentially be one of history's great bull traps"

http://www.capitalstool.com/paid/anals.htm

 

Well Doc, there is actually someone out there plotting a wave much lower - http://21stcenturyalert.com/tcx/images/mor.../111704four.gif

 

Even after put/call sell signals for at least two weeks

http://21stcenturyalert.com/tcx/images/mor...1118putcall.gif

 

Here's an interesting one...

http://21stcenturyalert.com/tcx/images/mor...buysellny20.gif

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"Shorty, balance sheets don't mean nuthin' these days, you know that!"

 

"Yeah, I know.? But still.....the net tangible asset value per share of GOOG stock is a buck-seventy six."

 

"One dollar and seventy-six cents per share?? That can't be right!"

 

"Well, here, read it for yourself."

 

"No, no, I don't waste time with that funnymental crap.? I trade the excitement, the emotion, the momo, the trend."

 

"OK."

 

Confused. I have google as holding ~$6.80 in cash/share and negligible debt. Isn't cash a net tangible asset?

 

http://finance.yahoo.com/q/ks?s=GOOG

 

OK. So it's worth $6.80 not $1.76 :lol:

 

But how many shares are you figuring that on?

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those nice credit card companies that sent out all the 0%, etc, offers now ready to turn the screws?:

Soaring Interest Compounds Credit Card Pain for Millions

 

Mr. Schwebel, 58, a semiretired software engineer in Gilbert, Ariz., was not pleased that his minimum monthly payment jumped from $502 in June to $895 in July. But what really made him angry, he said, was the sense that he was being punished despite having held up his end of the bargain with MBNA.

 

"I paid the bills the minute the envelope hit the desk," said Mr. Schwebel, who had accumulated $69,000 in debt over five years before the rate increase. "All of a sudden in July, they swapped it to 18 percent. No warning. No reason. It was like I was blindsided."

 

 

I'm quoting this (re: Mr. Adler's post) in order to clarify something. MBNA sent me a hidden standeard note in my credit card telling me my rates were going up. As per the T&C's in that note, I formally wrote back and told them to shove it. I was not accepting the new conditions and they should close my account.

 

Funnily enough, they responded back saying that they agreed to hold the previous rate but If ever I was late blah blah then it would go to the extortion APR again.

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"Shorty, balance sheets don't mean nuthin' these days, you know that!"

 

"Yeah, I know.? But still.....the net tangible asset value per share of GOOG stock is a buck-seventy six."

 

"One dollar and seventy-six cents per share?? That can't be right!"

 

"Well, here, read it for yourself."

 

"No, no, I don't waste time with that funnymental crap.? I trade the excitement, the emotion, the momo, the trend."

 

"OK."

 

Confused. I have google as holding ~$6.80 in cash/share and negligible debt. Isn't cash a net tangible asset?

 

http://finance.yahoo.com/q/ks?s=GOOG

 

OK. So it's worth $6.80 not $1.76 :lol:

 

But how many shares are you figuring that on?

 

Oh, I see now from your link. I was going by their last year-end report.

 

Anyway, I'm short the giggler for now.

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Interesting story, but if I could add that the SEC does not completely by its registration make any offering an investment security in the full sense of those words. So GLD may be acceptable for the standard of individuals it may not meet the standards of an investment for investment managers. Neither does FNM as Roq pointed out a few days ago, but so far few have paid close attention to their fiduciary duty.

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