Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (2325)	11/12/2008 3:21:20 PM
From: Maurice Winn	1 Recommendation Read Replies (1) of 74559

TJ, it's nearly 8 years since that post of yours. Look at platinum $805 or so, gold down some more, you have a great chance to pump more oil stocks on board at $52 a barrel = imagine how much gain you'll get when your $200 a barrel figure comes in. How are the photovoltaics doing? At $52 a barrel they can't be that great but get in now and when oil is $200 you'll be in business. Meanwhile, QCOM at about $32 which is great news. I now don't have to think about selling [which I had to do at $56 after the Nokia agreement]. I might load another tranche onto my Tonka Truck though my concentrated position is already not what financial advisors would advise. I am listening carefully for when they ring the bell at the bottom of the stock market decline so that I can buy a lot of houses or shares or something. The last 'bottom' didn't look like a bottom to me. Sure enough, down we go again. The 1929 to 1933 Dow graph is interesting. There were a few steps down, with each "bottom" obviously leading to yet more disappointment and a lower bottom. Politicians love to get involved and "save" things as they always do, which leads to things being worse than if the politicians just stayed home in bed or went to the beach or something. I haven't seen Big Ben's helicopter in my vicinity, tossing bales of bucks out, so things can't be too bad yet. Mqurice

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