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| FuriousThug 256 posts msg #73451 - Ignore FuriousThug |
4/10/2009 11:29:47 AM FuriousThug - Edit message 3/19/2009 6:01:02 PM HERO APL CPE DPTR --------------------------------- ---------------------------------- April 9 update HERO 1.93 - 1.92 APL 3.90 - 4.50 CPE 1.13 - 1.54 DPTR 1.30 - 2.49 Would have been up almost 22% if I wasn't such a cynic...imagine this is only the start of the upside though, eh? |
| johnpaulca 12,036 posts msg #73452 - Ignore johnpaulca |
4/10/2009 1:59:14 PM It's difficult for the mass to buy stocks that are "out of favor". I changed my thinking a few years ago and it's not easy. I started shopping for winter gear at the end of winter at 70-80% discount, mass would buy before winter and pay full price. Christmas trees/decorations are sold at 80% off in January yet the mass prefer to pay full price in December. The same can be said for stocks, mass will buy at full price because of that same herd mentality. |
| moby 314 posts msg #73454 - Ignore moby |
4/10/2009 6:51:17 PM So in your opinion is this market due for a good pullback? and presently stocks are now being bought like decorations in Dec.... due to the recent move up? |
| FuriousThug 256 posts msg #73456 - Ignore FuriousThug |
4/10/2009 11:08:23 PM The potential toxicity of personal credit debt and as-yet-unseen fallout of commercial real estate default coupled with the WFC nonsense (is it the analysts that are just downright stupid or is there something just irreconcilible in the "surprise"?) would be a bit worrisome. Fear is not a sustainable emotion...people burnt out on fear now, but there's still plenty to be fearful of. No? |
| FuriousThug 256 posts msg #73459 - Ignore FuriousThug |
4/10/2009 11:22:15 PM And, btw, Moby, stocks AREN'T being bought like xmas decorations...one day of above average volume does not convince me of heavy buying (additionally, considering BAC alone traded over a billion shares...by itself accounting for more than the entire increase in NYSE trading). Personally, things don't appear to be stabilizing...they appear to be getting more and more fishy. |
| FuriousThug 256 posts msg #73460 - Ignore FuriousThug |
4/10/2009 11:27:56 PM Sorry...and what the hell with retail leading the rally? To me, that smacks of speculation...and poor speculation to boot. Anyone without their head in the sand can walk down their main street and see stuff collapsing left and right...I live in one of the most affluent areas in the nation and the number of "for lease" signs has noticeably rocketed in just the past few weeks. Sorry to get all Peter Lynch, but his philosophy works both ways. What will fill those spaces in the absence of Starbucks and Walmart expansion? The rebirth of small business? Hopefully...but what's that going to do for BBBY stock? |
| johnpaulca 12,036 posts msg #73475 - Ignore johnpaulca |
4/12/2009 2:00:05 AM PBR...added to my basket of energy stocks. Will wait for a pullback on the daily to enter.  |
| EWZuber 1,373 posts msg #73476 - Ignore EWZuber |
4/12/2009 4:04:25 AM I suspect that what we are seeing is primarily an oversold bounce. I was looking at book prices and they were driven well below stock prices. We can not expect the market to be driven by rational thinking. Stocks spend most of their time either substantially over or under priced and spend relatively little time priced to accurately represent the worth of the company. |
| johnpaulca 12,036 posts msg #73493 - Ignore johnpaulca |
4/13/2009 9:19:45 AM Gold running higher in premarket, futures pointing at a lower open. |
| EWZuber 1,373 posts msg #73495 - Ignore EWZuber |
4/13/2009 10:43:55 PM DRYS looking tempting here, also IVN. REV looks particularly interesting. |
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