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Is JOE worth buying ???
- Thread starter goofer
- Start date
Smiling JOe
SoWal Expert
Considering that JOE is currently about 60% off of its highs, and real estate sales are off, but not nearly that much, I think JOE is looking pretty attractive.
SHELLY
SoWal Insider
robertsondavies
Beach Fanatic
i picked up more today around noon hour too...
was kind of nice to see it close up today, but on the other hand I'd like to see it re-test its lows, so i can add more at 30....
cheers,
was kind of nice to see it close up today, but on the other hand I'd like to see it re-test its lows, so i can add more at 30....
cheers,
Smiling JOe
SoWal Expert
currently up 14% from yesterday's low. Not bad if you sell it now.Those that bought yesterday shall be rewarded today
Goofer, looks like the banks are loving the Fed's decision to cut the discount rate.
goofer
Beach Fanatic
SHELLY
Where are you ? You are not keeping me up on my portfolio. Can you tell me the prices of Bank of America, Citicorp, Wachovia , AIG International, Chevron, Exxon, Conoco Phillips, Pepsi, Coke, Altria, Proctor and Gamble, MMM, Caterpillar ??? Where are you when I need you. Are you crying in your tequilla on your cold linoleum floor ???? I am not gloating, even though it may seem that way. I apologize to all if if I offend. My point is sometimes it does pay to buy straw hats in the winter. Buy low, sell high. The stock market is a TOTALLY DIFFERENT beast than the real estate market. It is a game of psychology and KNOWING the underlying factors effecting prices. The last 10 days was all about hedge funds and private equity forced to sell stocks at any price to raise margin. This was a Wall St phenomenon and not a Main St issue. Exactly like 1987. My crystal ball is always cloudy so I can't tell you what will happen next week or next month BUT I have extreme confidence in the future.
Where are you ? You are not keeping me up on my portfolio. Can you tell me the prices of Bank of America, Citicorp, Wachovia , AIG International, Chevron, Exxon, Conoco Phillips, Pepsi, Coke, Altria, Proctor and Gamble, MMM, Caterpillar ??? Where are you when I need you. Are you crying in your tequilla on your cold linoleum floor ???? I am not gloating, even though it may seem that way. I apologize to all if if I offend. My point is sometimes it does pay to buy straw hats in the winter. Buy low, sell high. The stock market is a TOTALLY DIFFERENT beast than the real estate market. It is a game of psychology and KNOWING the underlying factors effecting prices. The last 10 days was all about hedge funds and private equity forced to sell stocks at any price to raise margin. This was a Wall St phenomenon and not a Main St issue. Exactly like 1987. My crystal ball is always cloudy so I can't tell you what will happen next week or next month BUT I have extreme confidence in the future.
Smiling JOe
SoWal Expert
Goofer, I thought you knew. Shelly is standing naked in front of the new airport in PCB, waiting to get his photo taken. He hasn't had time to keep up with your holdings. :funn: