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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (34828)7/3/2009 1:02:55 PM
From: anializer  Read Replies (1) of 78744
 
I sold 1/2 position on about a 7% pop from entry, just in case I'm wrong and its alot worse in the gulf than I thought. Earnings soon should tell the tail.

I'm still in San Francisco, but should be back to normal next week. This state appears to be ready for a fall off into the ocean. Sales tax is 9.75. Deficit is 24 billion. They are issuing IOU's instead of checks to many. B of A will honor the IOU's only thru July 10. Arnold wants to have a bake sale to cure the the problem. Cupcakes and all. Legislators sit on their butts and do nothing but spend money they don't have. State workers now on a 3 day per month furlough. That's a huge pay cut for many. Exodus has begin to Oregon and other states. How long can they spend money they don't have?
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