The Message of the Stock Market.......

[redfisher]

Mmmm...

http://news.yahoo.com/s/ap/20060810/ap_on_bi_go_ec_fi/federal_deficit

http://biz.yahoo.com/ap/060810/earns_retailers.html?.v=3

 

[SHELLY]

You need to be patient......as I have stated in the past, "buy straw hats in the winter"

Yes I remember, it was March 2006:

"Joe got hit today. get ready to bid 55 for some stock. maybe for a 20% position. scale down to 50 to get your full position. buy strawhats in winter. everyone hates housing stocks. time to nibble on JOE."

 

[SHELLY]

I believe that we have many, many, many quarters of bad news ahead in the building sector (lawsuits, massively overvalued land holdings on the developer's books, ever increasing "for sale" inventory levels, foreclosures, drying up of liquidity ...).

I agree...

Ya know that horrible time-lapse when you REALLY bang your toe BAD and you feel the bump :shock: but you know in a nano-second that the REALLY BAD PAIN hasn't hit your brain yet?.... ..Well, housing just stubbed its toe.

 

[goofer]

I am not saying to buy housing stocks now. RE-read my post. Buy a 25% position at the limit prices I have suggested. Then you scale in at lower prices, But at least you have a toe in the water. It is not a stubbed toe if you wait for the limits I have set. By the time the stocks turn, they will turn quickly.......and human nature being what it is, you will be hesitant to chase. Discipline and patience.....I have a game plan I will follow. If the stocks hit my limits only time will tell if I was right or wrong. I am just stating my opinion.

 

[goofer]

http://online.barrons.com/article/S...tml?mod=9_0001_b_online_exclusives_weekday_r1

Doug is a friend. He has been right on the housing bubble, like Shelley, but I find his comments about the stocks very interesting.

 

[goofer]

Shelley
Try to be an adult not a wise-ass.

 

[SHELLY]

I am not saying to buy housing stocks now. RE-read my post. Buy a 25% position at the limit prices I have suggested. Then you scale in at lower prices, But at least you have a toe in the water. It is not a stubbed toe if you wait for the limits I have set. By the time the stocks turn, they will turn quickly.......and human nature being what it is, you will be hesitant to chase. Discipline and patience.....I have a game plan I will follow. If the stocks hit my limits only time will tell if I was right or wrong. I am just stating my opinion.

So in March you didn't bid 55 on a 20% position and scale down to 50 for full position?.....Holy crap!...And what am I supposed to do with this storage unit full of straw hats I bought in March??

I luv the stock market

 

[goofer]

I eat my own cooking. I own joe from 55 to 44. with an avg of 48. ( more being bt at lower prices ) Why are you so childish ???? This forum is to inform, enlighten, discuss, and share. Not to criticize and poke fun. I have noticed a sadistic streak eminating from you on many of your posts. It is called Schandenfreud.

 

[SHELLY]

It is called Schandenfreud.

"Gesundheit"

<So sorry, it was just too hard to resist a set-up like that. :funn: >

 

[BeachSteelers]

Shelly you really bullish on JOE. Its way back down.I was thinking of adding to my Oakley instead of JOE.