Hot Deal: DOW and Nasdaq onsale!

XFreebie

Banned
Dec 12, 2000
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This may get locked, but i believe its a hot deal.
</link>http://quote.yahoo.com/q?d=t&s=^DJI</l>

DOW down almost 700 pts (7%) while Nasdaq down 7% also. Load up on stocks while their on sale, as long as they are not airline companies, such as Continental which has fired 12k employees saying it might go bankrupt b4 year end.

the real hot deal: http://biz.yahoo.com/rb/010917/business_attack_economy_usa_dc_1.html
alan greenspan and the feds do a surprise interest rate cut by .5% to 3.0%, so u can refinance ur home now, or buy that new car, to help the economy.
 

crabbyapple1

Banned
Sep 10, 2001
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you should wait a couple more days, more dumping will occur tomorrow.... although those compan buybacks may affect it somewhat
 

dimwit

Golden Member
Jun 28, 2000
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alan greenspan and the feds do a surprise interest rate cut by .5% to 3.0%, so u can refinance ur home now

Unfortunately this does not affect mortgage rates and probably not car rates either.
 

BlackMamba

Golden Member
Sep 23, 2000
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that .5 cut is bank interest rates (CD's) - which sucks and makes this a frigid deal. lock...
 

PattyHearst

Member
Sep 7, 2001
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<< DOW down almost 700 pts (7%) while Nasdaq down 7% also. Load up on stocks while their on sale, as long as they are not airline companies, such as Continental which has fired 12k employees saying it might go bankrupt b4 year end. >>



Excellent financial advice and macroeconomic insight.

Now if you could only learn to write and spell...:confused:

LOL.
 

XFreebie

Banned
Dec 12, 2000
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well dead cats have to bounce sometime.....

on another note: @home sold its blue mountain division for $35 million to amer. greetings. this'll give em some cash to make it to the end of the year, last time i checked they were 80-100 million in debt
 

BrintonAA

Senior member
Jul 6, 2001
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I was just thinking about investing... I thought Thursday would be the day to invest. My guess (just a guess) is that there will be a slight rebound on Friday, so Thursday would be good...
I'm looking at AMD... they might be a good 6 to 12 month investment, new chip coming out, etc.... and they are dirt cheap right now
 

Queasy

Moderator<br>Console Gaming
Aug 24, 2001
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Good time to start buying oil and defense stocks.

Stay away from transportation and entertainment stocks.
 

KeyzerSoze

Senior member
Sep 4, 2000
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Although prices are low and it seems like a good time to jump on these stocks, I hate to be an opportunist. I hate to think that I'm trying to make some money out of expense of such a tragedy. :(
 

Zwingle

Golden Member
Jan 1, 2001
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<< @home ... which at home.. Excite or ATT or just plain @home? >>



it is AtHome.....they own Excite......they also are on the brink of bankruptcy....If you have any extra money, I would buy this stock. I have 15k shares at .41....they signed a 3 year deal with American greetings (who bought BM from them) for advertising rights at the same time they sold. ATT is the majority stockowner and hold 7 seats on the BOD of AtHome. This stock will make it fine after a rough ride ahead. Not to mention AtHome was one of the few stock that closed unchanged after todays bad trading day.
 

dimwit

Golden Member
Jun 28, 2000
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wow united airlines stock has sunk it dropped by 42% or about $13.00 a share! ouch!

They sold and bought Raytheon, that sure was a no brainer in investing. Wish I had money to invest today.
 

darth_beavis

Senior member
Mar 10, 2000
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As an employee of Raytheon I can say that our stock has been a money pit until today. This may be the first quarter my 401k goes in quite some time.
 

manly

Lifer
Jan 25, 2000
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Excite@Home's debt is more like $1 billion. Since they are on the brink of bankruptcy, without any real means of getting out from underneath their debt, I'm surprised Zwingle is advising to buy their depressed stock. Yes, it's dirt cheap, but there's been no good news of late, has there?

Speculation has been that ATT, which controls the company, will probably let them die, instead of injecting more money into their bottomless pit. At least if Excite@Home declares bankruptcy, ATT can swoop in and buy assets at fire-sale prices.

Note that I'm an ATT@Home customer, and am very happy with the service and value. It's the Excite.com portal that continues to hemorrhage money, and it's too late to bail out of it now. If they had thrown away excite.com (and its employees) in January, they'd probably be in reasonable shape right now in the ISP business alone. As things stand, unless ATT throws more money at them, they'll probably declare bankruptcy.
 

SLEEPER5555

Golden Member
Aug 16, 2000
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manly - I totally agree with you on this i am also a custo of att@home and i think the excite portion of the co. is dead baggage and has been for about 2 years if not more!

For whoever said AMD is a good buy i could not agree more and if i had the $$$$ that would be where it would be going! but i dont so ohhh well my loss!
 

squirrelman

Senior member
Jan 1, 2001
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Hell all defense stocks are good today it seems. In my virtual stockexchange game for a club I am in I got raytheon. I have a feeling Cruise Missiles might become a hot commodity.
 

csc2

Member
May 25, 2000
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Wow, what a deal.

They bought Blue Mountain Arts for $780 million in 1999 and now they sell it for $35 million.

AT&T is most likely going to let Excite@Home die and then they will buy whatever assets have any value in the bankruptcy proceedings. Don't count on this stock for the longterm. They are bleeding red ink and don't have any prospects for profitability in the near future.

Flagg
 

XFreebie

Banned
Dec 12, 2000
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note that @home bought blue mountain in stock, no real cash, just diluted their shares. both @home and excite lose money separetly, but excite bleeds money faster.

my motto was "the only way these dotcoms can cut their loss per share in half is with a stock split..."

well DOW closed down 684.81 at just below 9,000. well, lets hope for the short squeeze tomorrow. i think it'll bounce up tomorrow or the day after.
 

Ranger X

Lifer
Mar 18, 2000
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What's going to happen once they file? We have Cox@Home (Excite@Home) and I know they're planning on filing. We have cable modem service from there so what will this mean for the consumers?
 

KyRNzKeWL

Banned
Mar 26, 2001
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<< Although prices are low and it seems like a good time to jump on these stocks, I hate to be an opportunist. I hate to think that I'm trying to make some money out of expense of such a tragedy. :( >>



 

GotMilk

Member
Aug 1, 2001
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guys, don't forget GreenspaM is the one who singlehandedly created this economy downfall, remember the last rate hike which he shoulda leave alone, and the first rate cut which he shoulda make but he didn't. how come he still hasn't be fired yet?????he's way too old for this job!!!!!!!!!
 

Emulex

Diamond Member
Jan 28, 2001
9,759
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wait for more fire sales on the stock market in the coming days, how do you think folks are going to pay for all these margin calls?

 

Unclemo

Banned
Apr 1, 2000
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first, this is not a hot deal.

But, refinancing is good now. Mortgage rates are lower.
How cares about CD rates? They are so small to begin with that it really does not make a difference.
Investments tied to the interest rate is bout the worst place to be right now.

Greenspan may have raised the rate one too many times, but it was going to happen no matter what. He cannot make all these tech companies profitable. That is not his job. It is not his fault we are were we are now. If he would have kept the rate still it would just have artificially delayed things possibly... or may have let things go higher and cause a even bigger fall.