MrHanky Posted March 19, 2010 Report Posted March 19, 2010 Bears still can't get er done....... Last few minutes the buy programs stepped in,but at least we saw some red.
Trader Joe Posted March 19, 2010 Report Posted March 19, 2010 Picked up another slug of Rosey PALM and Her Five Sisters at $4.04 Hey, if I liked it yesterday at $4.80, then I "just gotta be in this space" for an additional 20% discount I can't turn down a SALE Ugh!
Jetlag Posted March 19, 2010 Report Posted March 19, 2010 Interesting perspective from guy in the SnPee pit http://www.youtube.com/watch?v=Je3Bz494tpg Thick neck trader doesn't know "We've going up for a long time like in 87 and the market can't keep going up forever" There wasn't much of a correction just before 87, right now we have two major corrections off the 00 and 07 tops. That doesn't prevent an '87 type of correction anyway, I just think the market doesn't look anything like the '82 - '87 run.
juggler Posted March 19, 2010 Report Posted March 19, 2010 Picked up another slug of Rosey PALM and Her Five Sisters at $4.04 Hey, if I liked it yesterday at $4.80, then I "just gotta be in" for an additional 20% discount I can't turn down a SALE Ugh! So it was you who was buy out in front of me :D I am glad I waited ... got in at $4.01
Trader Joe Posted March 19, 2010 Report Posted March 19, 2010 So it was you who was buy out in front of me :D I am glad I waited ... got in at $4.01 Funny thing.... Right now a 3-cent difference is meaningless.... That won't be the case when this thing is trading at $0.04 BWAHAHAHAHAHAHA
Jetlag Posted March 19, 2010 Report Posted March 19, 2010 I don't know if I'd be comfortable being on the same boat as this guy "In regard to the Palm(PALM) sell off, Cramer said the company must be bought by someone, as it has decent technology. " http://www.thestreet.com/_yahoo/story/10707270/1/cramers-stop-trading-health-care-plays.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA It seems pretty clear that they're toast if they don't get bought out. Even Lamer knows that. Maybe he'll float a rumor, eventually.
DrStool Posted March 19, 2010 Report Posted March 19, 2010 Am not sure you do need help. Do U realize that "Trololololo" is at least 10X more healthy & constructive than the needlessly distressing thoughts that go through most people's heads most of the time? To lots of people, having "trolololo...." going through their heads instead would be a great help to them. This is a great idea. I'm gonna try it. Health care reform. :angry: Trololololololo ... :angry2: Ah crap. What's the use.
fxfox Posted March 19, 2010 Report Posted March 19, 2010 Dow CFD closed at 10746. This means it closed above this years high of 10738. So no reason to get ultra bearish here.
fxfox Posted March 19, 2010 Report Posted March 19, 2010 I don't know if I'd be comfortable being on the same boat as this guy "In regard to the Palm(PALM) sell off, Cramer said the company must be bought by someone, as it has decent technology. " http://www.thestreet.com/_yahoo/story/10707270/1/cramers-stop-trading-health-care-plays.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA It seems pretty clear that they're toast if they don't get bought out. Even Lamer knows that. Maybe he'll float a rumor, eventually. I agree. I hope that everyone here knows what they are doin when they go long PALM and not only the master himself. If you dont do sophisticated money management this thing will wingohockingmoyamensing you up big time. TJ, hope you already know that you have a followship here. The trades you do are not for beginners. Just sayin.
Jetlag Posted March 19, 2010 Report Posted March 19, 2010 "Lombard's Dumas Says Germany Ought to Leave Euro " "Charles Dumas, research director at Lombard Street Research Ltd., talks about Germany's role in the European economy and the Greek debt crisis. " http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aM9kR9N2vJbk The British lads have a visceral hatred towards the Euro don't they?
Drano Posted March 19, 2010 Report Posted March 19, 2010 This is a great idea. I'm gonna try it. Health care reform. :angry: Trololololololo . :angry2: Ah crap. What's the use. yer usin' the wrong song. Try instead (don't look if you don't want an earworm) > > > > > > it's a small small world :blush:
Jimi Posted March 19, 2010 Report Posted March 19, 2010 Missed the name, but on bloomers, they are praising an analcyst who "takes a position". He just put a $0.0 price target on PALM. I heard that, too. It's sort of reasonable I guess, given the firm's capital structure - I looked at PALM's balance sheet yesterday and was sorta surprised to see that they carry $390m in long term debt (since tech companies tend to eschew the stuff): http://finance.yahoo.com/q/bs?s=PALM&annual Which is to say that if they don't turn this POS around, and if they don't get acquired, then the creditors get the IP and the desk chairs. If you look here (assuming linky-linky works, table on page 90), the bulk of that $390m comes due in 2014: http://www.secinfo.com/d14D5a.s4N5x.htm That's one approach to their breathing space, I reckon... TJ noted recently that they have ~$4/share in cash as of year's end. I've not calculated that, but it looks like ~$590m as of November 30. http://finance.yahoo.com/q/bs?s=PALM That buys them time, too, even if SG&A and R&D each wiped out its gross profits during their last fiscal year, which, umm, doesn't speak well of management, but you know, there was a recession afoot: http://finance.yahoo.com/q/is?s=PALM&annual So while the anal cyst may be right that equity is headed to 0, I don't think it's going their immediately. All corrections or challenges to the analysis are encouraged and welcomed.
Trader Joe Posted March 19, 2010 Report Posted March 19, 2010 I agree. I hope that everyone here knows what they are doin when they go long PALM and not only the master himself. If you dont do sophisticated money management this thing will wingohockingmoyamensing you up big time. TJ, hope you already know that you have a followship here. The trades you do are not for beginners. Just sayin. Tru dat But then again, I never put a lot of my cabbage on one thing....so my max position in any one name is never more than about 1% of my total fartfolio....and most are in the 0.5% area Need to spread the bets ...and be able to sleep like a baby
DrStool Posted March 19, 2010 Report Posted March 19, 2010 One of the bailout measures the Obama administration made was a $108 billion loan from Treasury to the IMF. This has not been scored or reflected on the budget because of the receipt of a IMF promissory note. Now Germany is pushing the idea the Greece is really an issue for the IMF to handle. The [...] 3 month subscription to Russ Winters Actionable, renews automatically unless cancelled. Price: $69 By clicking this button, I agree to the Wall Street Examiner's Terms of Use. View the full article View the full article
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