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Random Quote: I caught you a delicious bass. - Napoleon Dynamite
If there is any glimmer of improvement in the economy, Oil will likely run up to $100/barrel with ease. Demand is way down and inventories are very high.
We're mired in a terrible recession yet it's trading around $70/barrel.
That's because the price of oil is again being manipulated, look at the price of natural
gas.
The improvement altready took place...
RCL was 6 is now 20
BAC was 2.57 is now 19
IP was 3 something is now 20
HOG was 6 is now 20
GS was 47 is now 160
CAT was 21 is now 47
SSP was 67 cents is now 8
Crox was 79 cents is now 6.50,
plenty of stocks triplicate and a few went up 10x since
March.
As somebody used to say the economy is fine.
I don't believe oil will reach 100 doll anytime soon again,
Chavez says that, he also predicted
200 doll oil, 100 doll oil will make the recession that is easing,
bigger again...
What killed the Global economy was 147 doll a barrel,
if it gets around 100 doll a barrel the same problems
will take place.
Nat, RCL is already 20,
I said gold will drop, I was wrong on that, however
I'm looking for the post
that I said oil will go up to 75, when it was 40's, and then start to slide.
I wrote a half a page of good advice on how to make money in the stock market. then erased it.
I realized that at 76 years old I have lived the market for a long time, you young guys just don't see the potential of making a zillion bucks (more or less).
You have much more time than me, I Wish I had the time..........
I have much more than doubled my money in just a few months.....Have you?
I think nat has it right... spring of 2011 could be the bottom.
During the Christmas holidays if sales are flat, people will finally see that emperor has no clothes and the economy should drop again. Maybe worse than the first time. This was on DRUDGE earlier:
Economist warns of double-dip recession http://www.ft.com/cms/s/0/e6dd31f0-a...nclick_check=1
If this scenario plays out It might not be a bad idea to park some money into precious metals until after Christmas 2010.
I think nat has it right... spring of 2011 could be the bottom.
During the Christmas holidays if sales are flat, people will finally see that emperor has no clothes and the economy should drop again. Maybe worse than the first time. This was on DRUDGE earlier:
Economist warns of double-dip recession http://www.ft.com/cms/s/0/e6dd31f0-a...nclick_check=1
If this scenario plays out It might not be a bad idea to park some money into precious metals until after Christmas 2010.
who is Jesse Livermore
"It never was my thinking that made the big money for me. It always was my sitting." –Jesse Livermore, Reminiscences of a Stock Operator
Livermore suggests that making money, big money, you have to be right and sit tight. This is the kiss of death for most traders and investors. Often being right is doing something that the masses deem foolish, stupid, unpatriotic, you name it. To be right, investors face isolation, ridicule, and labels. This pressure is simply too much for most individuals. The drive for social acceptance from group is very strong in humans. It’s easier for the psyche to get slaughtered as a group than stand alone and be right. Even those that have the discipline to stand alone and be right, it is often very hard to sit tight long enough to make the really big money.
You should consider doing your homework on
"Knowing when to sell"
How about that RCL rebound, it will be 25 soon
next year we will talk.
this guys had bought the "Oasis of the seas"
for 1.5 billion and at 6 doll the company was only worth 1 billion in market capitalization,
serious undervalued...
If you put all their fleet together plus the other company's
they own...
Azamara and NCL
bam bam
How about that RCL rebound it will be 25 soon
next year we will talk.
this guys had bought the Oasis of the seas
for 1.5 billion and at 6 doll the company was only worth 1 billion in market capitalization,
serious undervalued...
If you put all their fleet together plus the other ccompany's
they own...
bam bam
easy to figure it out.
Fid
didn't mean to get you worked up, and didn't comment on RCL one way or the other, Just suggested reading up on knowing when to sell
didn't mean to get you worked up, and didn't comment on RCL one way or the other, Just suggested reading up on knowing when to sell
I know when to sell...
sometimes I just need
the money I have invested and it gets tricky...
Its a tough economy,
I made decision not to charge CC's,
and made a few sales too early, no problem
at least i'm not getting hit with the cc's payments.
It will all came back, my 401k is 15 percent up for the year.
As long as I have a job is all good.
just become a job/cave dweller for a while.
Plenty of stocks that went up 10x in America,
gold is the biggest scam ever...
Look you bought a piece of gold jewelry for 200 doll
5/10 year's ago, you try to sell it nowadays and you will be lucky if you
get your 200 doll back, despite gold going up from 250/ounce to 1100.
Anyway 14k gold is only 55 percent gold or less,
I have over 10 ounces of gold.
Anyway if gold gets to 2000, the dollar will be even more worthless,
as gold goes up the dollar goes down.
if gold gets to 2000, each Euro will be worth 3 doll, and the Canadian doll will be worth 2 US dollars...
Gold as jewelry is only worth to buy overseas,
they sell this thin gold necklages and bracelet's for over 300 doll in the USA,
some of this items they don't have 1 gram of pure gold, less than 20 doll in gold.
I have friends they have bought pounds and pounds of gold
in the last 15/20 years, they buy this necklages that have 300/400 grms of gold, higher than 18k, they buy only
19.25K and 22k or 24k gold only.
They could have made a mint, however they are not sellling...
Gold as diluted as it is here in the States is not even as a investment option,
or something that you want to keep in times of need,
some of this gold sold in the USA has more alumimium than gold...
And then most gold mines/gold exploration corporations still cannot turn a profit
with gold at 1100 doll a ounce.
