ORXE Annual report is filed, I skimmed over it
but did not see anything that looked new.
Ask: 0.50 x 40000, I watched as somebody came
along and bought 10,000 shares, but the ask
size filled back up again. That is just watching
yahoo, which may not be very useful, I don't know.
In my mind I've written off what I put into GLGC.
I'd only be a buyer if I hadn't spent my money
already, and obviously I way overpaid. Or...the DR
is not going to pay off--in which case it doesn't
matter what price I paid, the stock is dead. Either
way, I wont put more money down that rathole.
Here is what I'd be buying if I were buying today:
ARNA $6.3
EXEL $5.5
INFI under $6
CRXX? Any value there?
PFE, nice dividend, but multi billion dollar
companies boggle my mind. I'd have paid a little
less than $20.50 had I been buying this morning.
So, why am I not buying.
Well, I'd be buying stuff today if I didn't think that
there will be worse days for the market, and worse
times for the U.S. We are only halfway into the banking
thing, and a recession is likely too. And just wait for
earnings in the weeks ahead.
Also, my guess is we see 1/2% ease and that the Fed
saves the other 1/2% for a week or two from now. They
might not want to spend it all now, and then earnings
are horrible, for the banks at least, and then the market
will drop further and there will be no powder left at the Fed.
If they ease the full 1%, watch out if earnings stink extra
bad. Or we could just see a deep recession and that kills
the market anyway for a few years.
Just my thoughts, I know they are not worth much which
is why I park them here for my own enjoyment. I think there
really isn't blood in the streets yet, no real panic and
I mainly like the idea of buying a few things on a day
when you get crazy low prices. The market is primed for panic.
Bush and Paulson looked a little freaked out. Bankers saving
bankers, seems like a bit of a farce. |
