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***Official*** 2009 Stock Market Thread

Page 5 - Seeking answers? Join the AnandTech community: where nearly half-a-million members share solutions and discuss the latest tech.
Originally posted by: Ballatician
What the heck is going on with INTC? I thought it was in a better position than this...new target is $11.50 by some analysts.

I don't think there's anything fundamentally wrong with what Intel is doing, actually I think they're a great buy right now. The reason for the recent drop as well as the lower target prices by analyst comes from the fact that demand for PC is much much lower than expected. The mobile division, the one that has been showing the most growth, is also affected by the drop in demand.

The whole semi industry is hurting pretty bad ... if you want something in the semiconductor area then Intel is one the best picks.
 
The meeting with Judge Whyte went well... a few times during the meeting he tipped his hand where he was leaning. He was thinking of 3 options:

1. Proceed with the trial, starting on February 17th, with EVERYONE, and just send the entire thing up for appeal at the same time.

2. Proceed with the trial, starting on February 17th, with only Micron excluded due to Delaware ruling. If Delware is appealed successfully, then have a seperate Micron trial.

3. Stay trial on appeal, but finalize all his verdicts right now (Hynix Phase I, II and III... Samsung case, Claim Construction case).

He is leaning towards 1 or 2 and wants all the companies to brief him on judicial efficiency. He comments on Judge Robinson's adverse ruling, stating something like:

"It goes against what I found in this court, but it is what it is."

It was brought up how her findings didn't even mention his opinion in the matter when he ruled for Rambus vs Hynix on the same issue. It was also the first time my assistant or anyone else in the court (it was packed that night), heard Judge Whyte mention another judge without the word Honorable in front of it. Small details, but worth noting.

ALL the manufacturers wanted to delay the trial. The Judge wouldn't buy it. Samsung complained that it's going to cost a lot of money sorting through the Delaware mess and the judge remarked, "Yet you couldn't settle?". Samsung than stated that it took two to tango for that to happen. In essence, saying they are in settlement talks, but Rambus wouldn't settle.

This is good news. I bought another $10,000 worth yesterday in the low $8's.
 
Bought some SSO at $23.14. Opened high, getting down retest, and hopefully higher high later today. We'll see.
 
Flattened out of SSO at $23.42. Bought little too early on the down retest and didn't get the higher high I was looking for. At least I can buy my wife and daughter some dinner.
 
i'm going to have to starve unless rmbs picks up 😉
i'm running on the optimism of azurik, keeping my fingers crossed. i'd settle for a mcdonalds cheeseburger.
 
Bank of America is looking real scary down here. So I bought some at $5.78. If it breaks under $5, I'm probably going to boot it.
 
Originally posted by: Naustica
Bank of America is looking real scary down here. So I bought some at $5.78. If it breaks under $5, I'm probably going to boot it.

I bought it years ago, sold half at $20 and now wish I sold it all at $20.

I can not find the terms of the new preferred stock anywhere though. Kinda important, you know.
 
Originally posted by: IHateMyJob2004
Originally posted by: Naustica
Bank of America is looking real scary down here. So I bought some at $5.78. If it breaks under $5, I'm probably going to boot it.

I bought it years ago, sold half at $20 and now wish I sold it all at $20.

I can not find the terms of the new preferred stock anywhere though. Kinda important, you know.

I'm just trading this. I don't care to own it.
 
I bought 4K worth of JPM when it was at bout 42. Now it is sitting just under 20 ;/

anyone know why the bank stocks are bombing today? Is it just because that POS euro bank lost 40 billion and everyone is freaking and thinking that because of that, things are worse than they though?
 
Originally posted by: Cattlegod
I bought 4K worth of JPM when it was at bout 42. Now it is sitting just under 20 ;/

anyone know why the bank stocks are bombing today? Is it just because that POS euro bank lost 40 billion and everyone is freaking and thinking that because of that, things are worse than they though?

Fears of nationalization. Look at the price of every bailed out company. Guess where the banks are going.
 
Originally posted by: zimu
rmbs even more in sh**. msft dropping. aig dropping. ing down.
yet another painful day!

Everything is following the tape... it's no fun for anyone. Kraft (KFT) was going against the tape for a while and was green most of the morning. This latest push down sent Kraft along with it.
 
Originally posted by: Kntx
Originally posted by: Cattlegod
I bought 4K worth of JPM when it was at bout 42. Now it is sitting just under 20 ;/

anyone know why the bank stocks are bombing today? Is it just because that POS euro bank lost 40 billion and everyone is freaking and thinking that because of that, things are worse than they though?

Fears of nationalization. Look at the price of every bailed out company. Guess where the banks are going.

This fear is unchanged from friday unless I missed something.
 
Originally posted by: IHateMyJob2004
Originally posted by: Naustica
Bank of America is looking real scary down here. So I bought some at $5.78. If it breaks under $5, I'm probably going to boot it.

I bought it years ago, sold half at $20 and now wish I sold it all at $20.

I can not find the terms of the new preferred stock anywhere though. Kinda important, you know.

I've been looking for that the past 3 days. I couln't find the terms anywhere either.
 
Originally posted by: Lothar
Originally posted by: IHateMyJob2004
Originally posted by: Naustica
Bank of America is looking real scary down here. So I bought some at $5.78. If it breaks under $5, I'm probably going to boot it.

I bought it years ago, sold half at $20 and now wish I sold it all at $20.

I can not find the terms of the new preferred stock anywhere though. Kinda important, you know.

I've been looking for that the past 3 days. I couln't find the terms anywhere either.

BAC Press Release and Preferred Stock Terms
Enjoy:
Press release:
http://www.ustreas.gov/press/releases/hp1356.htm
Terms:
http://www.ustreas.gov/press/r...20term%20sheet%202.pdf

In short, I think the markets are worried about more dilution of BAC stock beyond the recent injection.
 
Today we had official bank crash. The banking index (BKX) dropped 20% today to close at 25.34. Anything 20% or over is considered a crash. The banking index is down over 80% from its all time high set less than 2 years ago. Banks like State Street Corp (STT) closed down cool 59% today! Normally the market follows the banks and if that's the case, we could see S&P 650 if followed. Do I think we will get there? Yes, eventually. But I think we'll see a bounce in the banks and the market before that plunge.

I remember when BKX 60 was a major support after the summer crash. That level looks like a mountain now.
 
The markets will price in a recovery in the economy before the recovery happens. I'm betting that by the end of 2009 we will have a recovery in the stock market.
 
Originally posted by: IHateMyJob2004
The markets will price in a recovery in the economy before the recovery happens. I'm betting that by the end of 2009 we will have a recovery in the stock market.

Historically, unemployment during a recession has peaked after the stock market has started to recover, so you might be right. This of course assumes the recovery begins before the end of 2009.
 
Originally posted by: IHateMyJob2004
Originally posted by: Lothar
Originally posted by: IHateMyJob2004
Originally posted by: Naustica
Bank of America is looking real scary down here. So I bought some at $5.78. If it breaks under $5, I'm probably going to boot it.

I bought it years ago, sold half at $20 and now wish I sold it all at $20.

I can not find the terms of the new preferred stock anywhere though. Kinda important, you know.

I've been looking for that the past 3 days. I couln't find the terms anywhere either.

BAC Press Release and Preferred Stock Terms
Enjoy:
Press release:
http://www.ustreas.gov/press/releases/hp1356.htm
Terms:
http://www.ustreas.gov/press/r...20term%20sheet%202.pdf

In short, I think the markets are worried about more dilution of BAC stock beyond the recent injection.

Essentially the same exact terms that C agreed to in November...Cut and paste.

An 8% interest seems expensive to me IMO.
 
Originally posted by: Lothar
Originally posted by: IHateMyJob2004
Originally posted by: Lothar
Originally posted by: IHateMyJob2004
Originally posted by: Naustica
Bank of America is looking real scary down here. So I bought some at $5.78. If it breaks under $5, I'm probably going to boot it.

I bought it years ago, sold half at $20 and now wish I sold it all at $20.

I can not find the terms of the new preferred stock anywhere though. Kinda important, you know.

I've been looking for that the past 3 days. I couln't find the terms anywhere either.

BAC Press Release and Preferred Stock Terms
Enjoy:
Press release:
http://www.ustreas.gov/press/releases/hp1356.htm
Terms:
http://www.ustreas.gov/press/r...20term%20sheet%202.pdf

In short, I think the markets are worried about more dilution of BAC stock beyond the recent injection.

Essentially the same exact terms that C agreed to in November...Cut and paste.

An 8% interest seems expensive to me IMO.

Both C and BAC are insolvent. Look at Freddie, Fannie, AIG, and others as clue to where both are headed. I'm just trying to play the bounce before both ultimately end up like other nationalized names.
 
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