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To: Cogito Ergo Sum who wrote (69171)11/21/2008 2:25:34 PM
From: Dale BakerRead Replies (2) | Respond to of 118717
 
Sure one still needs to eat... but you do not need prime rib to survive...

Ironically, a successful effort to drop some weight this year caused us to shop more carefully and buy less. Now it's also a question of being frugal and asking myself if I really need something I was about to buy on impulse.

That spirit could catch on. There is actually a vicious spiral for grocery stores and a virtuous one for shoppers; shoppers focus more and more on what's on sale and skip the full price items, while the stores feel compelled to put almost everything on sale now and then because that's what gets shoppers' attention.

I can see hard times for the beef industry since what was a $7 ribeye hit $10-11 this year and many folks stopped buying unless it was put on sale back to $6-7. I see more top steak and round steak cuts at my local Safeway than ever before too (though that's where I draw the line myself LOL).



To: Cogito Ergo Sum who wrote (69171)11/21/2008 3:07:23 PM
From: schzammmRead Replies (1) | Respond to of 118717
 
Black Swan good luck with your lowball bid. I like the numbers and $23.50 looked like a steal to me but I listened to the concerns presented and only loaded up half the truck.

Best

PS My game plan is that as soon a the market realizes
that the earning are not tanking these AG and fertilizer stocks will double very quickly.



To: Cogito Ergo Sum who wrote (69171)11/24/2008 11:38:28 AM
From: schzammmRead Replies (1) | Respond to of 118717
 
Speaking of lowball stinker bids, I just sold the POT March 50 Puts for 8.50 which is about 3%+/month if nothing changes. Portection on the down side to about 42.00.

Best



To: Cogito Ergo Sum who wrote (69171)11/24/2008 12:51:11 PM
From: Keith FeralRead Replies (1) | Respond to of 118717
 
I'm looking at the SKF in bewilderment. We finally got a parabolic moves in the short indexes. This thing was trading at $280 on Friday and backed down to $190 this morning. I'm not really sure how much more they will be able to hold this thing up after a 150% move last month. $120 to $250.

We are getting closer to a level playing field with oil at $50 and C at $6. I think the shorts finally have about as much risk as the longs after the latest reversal. For now, the SKF looks like oil at $150.