***Official*** 2008 Stock Market Thread

[maddogchen]

what you guys think of USB (US Bancorp)? thats the only individual stock that I have left.

 

[aldamon]

Originally posted by: Ns1
Anybody have a comment on...NVDA?

Yeah, look back on posts on 9/29.

 

[ponyo]

Originally posted by: jmolayal

Originally posted by: GML3G0
Took a stake in DOW, GE, and VZ. All are yielding over 5.5% in dividends alone. TEX is just getting absolutely wrecked... as is ABB. I've been holding them since 47 and 26 respectively.

This type of play is interesting to me. GE Especially. At prices around 20 - 21 and a dividend of .31 .. Shouldnt' people be all over this?

Do we really think GE is going to go under in the short term? As a long term play, this seems pretty sound to me. Anyone else have any thoughts?

- Jaison

I like GE here. The fat dividend provides some support to the stock price and sets somewhat of a floor. They just raised billions in equity offering and diluting the current shareholders but now they have some money to weather this storm. Global slowdown and stronger dollar will hurt them but this is a solid company. I bought some more today under $20. My daughter and nephews own it as well.

 

[ponyo]

Originally posted by: Ns1
Anybody have a comment on INTC and NVDA?

I've been eyeballing INTC for months now...

I like both companies. Many tech stocks are very attractive to me value wise now. But I only have finite money so I'm passing on names I would normally put money in.

 

[ponyo]

Originally posted by: maddogchen
what you guys think of USB (US Bancorp)? thats the only individual stock that I have left.

Buffett seems to like it and they're winner and survivor in this new financial landscape.

 

[imported_Lothar]

Originally posted by: Ns1
Anybody have a comment on INTC and NVDA?

I've been eyeballing INTC for months now...

NVDA is a piece of turd.
The only tech companies worth holding are HPQ, MSFT, IBM, and INTC.

 

[imported_Lothar]

Originally posted by: maddogchen
what you guys think of USB (US Bancorp)? thats the only individual stock that I have left.

The only bank worth holding.


On a side note, it's about time BAC cut their dividend.
Stop writing checks you can't cash. That rule is simple to follow.

I was surprised it even took them this long.

 

[ponyo]

Bought some Burlington Northern Santa Fe Corp (BNI). It was one of the stronger stocks yesterday after the reversal.

Google is acting terrible and heavy. I'm keeping it for now but the action isn't encouraging.

 

[ivan2]

GG is slowly crawling back to positive territory, it's got a while to go, am still kicking myself for getting the calls at a bad time.

But thanks a lot BAC, that's gonna help the gold, and I kinda expect more negatives coming out from the other 3 (hey if one isn't well, the other won't be far off), so I am saving my ammo right now.

 

[Azurik]

Originally posted by: Azurik

Originally posted by: Naustica
To tell you how bad the fear was out there, when I bought, every single of my buys went into negative as soon as I bought. Now, every single buy I made is now positive in the money. Trade not to lose but to win baby!

I just bought more RMBS :evil:

I'm either going to be extremely wealthy or be burnt badly. Tick tock, tick tock.

RMBS is helping me stay neutral today. I bought the latest batch yesterday at $8.99. It's $9.50 - $10.00 right now. I have 5,000 shares now.

The Supreme Court just denied Samsung's appeal, and now all avenues are closed to them regarding the unclean hands argument that stemmed from EDVA court.

Certification by Judge Whyte on damages, and permanent injuction/compulsory liscensing due anytime, DDR2 Trial in January, Antitrust in April... I'm getting excited!

Down quite a bit, but excited!

 

[oznerol]

Another day down 5%. This is really reaching the point of insanity. One can only cite "panic selling" so much.

 

[Pliablemoose]

Another 25 days or so & we'll be at 0

 

[hiromizu]

Well it can't go any lower than this otherwise it would be pretty insane. I suspect we'll see some major positives from this point on. Stay positive and happy. It'll be all over any day now.

 

[AUMM]

Originally posted by: Ballatician
I'm tempted by Frontier Oil Corp. (FTO) at <$20.

I'm down quite a bit in FTO and VLO.... how long do you guys think these will take to bounce back? Good time to pick up some more?

 

[ponyo]

Terrible, terrible day. I can't spin it any other way. Once we started to fall, I was hoping we hold yesterday's low. We didn't. Nothing positive about today's close. Now we have another round of price discovery and where we stop, who knows.

 

[EKKC]

i for one, can't wait for Dow to hit 7500 and its BUY TIME!

 

[Slew Foot]

glad im in mostly cash for now, buying time is in November after the election.


"Sell in May", remember when I told you to do that?

 

[ponyo]

yikes!

Bank of America prices $10 billion or 455 million shares at $22. That's over 30% discount from yesterday's close when they announced the equity offering. Talk about expensive capital raising. I guess they should've asked Buffett to get on board with 10% preferred like Goldman and GE.

All I can say for Bank of America is that they better hope shorting ban on financial stocks don't expire this week. Because once that happens, hedgefunds are going to short the crap out of BAC as a hedge as they go long Merrill to play the spread.

This is moving from liquidity issue to solvency issue. I'm scared for Citi.

 

[imported_Lothar]

Originally posted by: Naustica

yikes!

Bank of America prices $10 billion or 455 million shares at $22. That's over 30% discount from yesterday's close when they announced the equity offering. Talk about expensive capital raising. I guess they should've asked Buffett to get on board with 10% preferred like Goldman and GE.

All I can say for Bank of America is that they better hope shorting ban on financial stocks don't expire this week. Because once that happens, hedgefunds are going to short the crap out of BAC as a hedge as they go long Merrill to play the spread.

This is moving from liquidity issue to solvency issue. I'm scared for Citi.

How the heck did they come up with the $22/share price?

That's some serious shareholder dilution there.
Good thing I never bought the bank.

 

[ponyo]

Global rate cut and the futures while up is looking weak. There's too much fear and uncertainty. This cut might be day late. If we drop even with this rate cut, look out below.

 

[jmolayal]

Originally posted by: Naustica
Global rate cut and the futures while up is looking weak. There's too much fear and uncertainty. This cut might be day late. If we drop even with this rate cut, look out below.

Total agreement. Opening will look positive, but only time will tell what investors really think.. I for one, welcome our sub 9k DJIA....

- Jaison

 

[ivan2]

new sales number is out and that's bad. Adding that BAC lost a billion on credit card chargeoffs, things are looking very grim on all fronts...

I will say look out below, nao.

Looking forward to get more GG call or WFC puts.


edit: wtb coffee and grammar

 

[IHateMyJob2004]

I'm thinking about trading in my truck for a handbasket

markets are acting totally irrationally. Up on new of the bialout passing the house. Bill passes and the markets tank. Then the pre-market action today followed up by the markets going up 1% within 15 minutes of the open.

 

[ivan2]

check out that BAC volume, ppl are throwing money away.

 

[ponyo]

This reversal needs to stick. Keep an eye on Bank of America. $22 needs to hold. That's the key today.