Posts by MIKE041705

• Q: Is this a sucker rally in a secular bear market or will this rally have legs?
• Asked by mike041705 - 1 months ago - 5 answers - 208 views
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• A: Traders - poised to go short (against the rally) or buy (ride the rally).
  Long Investors – poised to buy based on the bargains they see this new year.
  Speculators – are still hoping to hit the jackpot with their wild picks.
  
  Suckers Rally? Who are the suckers? I guess they are the people with special faith in the
  rally, blindly joining in hoping for a good return. I think by now all the suckers are
  either converted into traders or something...can there really be more suckers out there?
  ... lol
  
  Good Luck! more
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• Q: Time to stand up as taxpayers and tell those morons in state governments and
  Washington what morons they are. Fill out a new W4 and increase your exemptions,
  squirrel it away until yearend. Small businesses make no estimated payments for
  two or three quarters. I an sick of what are either lawyers or cronies or
  dinosaurs and what direction they have taken the country in. With less tax
  revenues for a couple of quarters let's make these bozos squirm. I don't want to
  own banks or automakers and will NEVER buy an American car again from those UAW
  ripoff artists. And Happy Holidays.
• Asked by mike041705 - 1 months ago - 4 answers - 312 views
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• A: I believe this strategy of changing your W4 is akin to a collective boycotting of Exxon on
  one specific day as a means of protesting gas prices. It simply means that they'll get
  your dollar the next day instead. more
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• Q: I bought and paid for a Japanese car because it is so much better than the
  garbage that GM makes. Why should I pay more of my tax money to keep companies
  that make lousy cars stay afloat? I heard of a union worker sat home so far 8
  months with full pay and benefits. Someone who used to work for GM said their
  cars require several factories to make a car versus the Japanese making a whole
  car at one location. On and on the automakers are run no better than our banking
  system or Congress.
  
  If the big three go under other automakers who know what they are doing and have
  a reasonable pay scale will have to build factories to fill the demand gap and
  can hire those who lose their jobs at GM Ford and Chrysler.
• Asked by mike041705 - 1 months ago - 4 answers - 301 views
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• A: GM doesn't make garbage anymore but perception is reality. People have a hard time
  changing their mind after the 20 years of crap they did make in the 80s and 90s. more
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• Q: If GM, Ford, and or Chrysler go belly up, do Toyota and Honda become buys? If
  not what other companies in the industry would you recommend?
• Asked by mike041705 - 1 months ago - 2 answers - 197 views
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• A: correction, the trend will--in ALL likelihood--not change more
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• Q: I bought MGM yesterday @9.50 when it's market cap about equalled the cost of
  Bellagio alone. It is now in the low teens. Would you hold or sell?
• Asked by mike041705 - 1 months ago - 3 answers - 318 views
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• A: gotta sell some.id sell all but some is a must more
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• Q: Did the market tank today to influence the debate? Paulson and Goldman are
  chummy with China according to Bill Gertz book.
• Asked by mike041705 - 1 months ago - 6 answers - 260 views
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• A: From now up till the holidays all government officials are required to stop talking.To be
  seen only coming out of restaurants,toting shopping bags,and standing in line waiting to
  buy Apple products. more
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• Q: I have a two part question. If only nine banks are being injected capital by the
  mafia why haven't more other banks closed.?
  
  Jim said to buy CHK at 20 and again at 18 I started today at 16.50. Is this good
  with winter coming what is anybody else buying if anything?
• Asked by mike041705 - 1 months ago - 4 answers - 150 views
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• A: Jim was also saying to buy it at $58, $55, $48, $45 etc.. more
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• Q: What interest do savings bonds pay?
• Asked by mike041705 - 1 months ago - 5 answers - 226 views
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• A: yeah but they're doing a hell of a lot better than the market...at least they don't lose
  initial purchase price value... more
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• Q: We used to have the big eight accounting firms. Now we are down to what, four?
  Who audits these financial companies, a bunch of fifth graders? Andersen took
  the hit for Enron where's the outcry for heads to roll in these CPA firms who
  obviously grossly dropped the ball on asset valuation with regard to these
  securities? And Sarbanes Oxley has made auditing more difficult.
• Asked by mike041705 - 1 months ago - 1 answers - 517 views
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• A: when i had some shares of RY (a canadian bank) there was talk of consolidation of the
  banks....and then raising some kind of limit on amount of money reqired for takeovers,
  then invite foreign countries in for added competition.....seemed like news was first to
  set yourself up so getting bought out wouldn't be a possibility but giving the impression
  that market was still playing fair.....looks like we're in the process of doing the same
  thing. protect the banks! so when should we expect to see that chinese car running around
  here. more
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• Q: This country is going bankrupt. Us average folks know it but We are going
  bankrupt our 9% approval rating Congress, other government folks such and
  Paulson and Bernanke know nothing, they are useless. Simple you don't spend
  more than you can afford whether you make minimum wage or are a billionaire.
  What can us average folks do about this?
• Asked by mike041705 - 1 months ago - 4 answers - 339 views
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• A: this country is going to hell more
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