odd...one of the guys at my office just called me and let me know fannie and freddie were both trading up after hours and gold is trading down. can't figure that one out
so are you still firmly in the "we haven't seen the bottom yet camp" or has anything changed with all the new policies that have been put in place?
Call me a skeptic, but I think the next round of earnings are going to put a damper on things...again.
if we haven't seen the bottom yet then the bottom won't be much lower than what we've seen unless of course i'm wrong and zombies invade.
we may have hit the bottom but we could retest it by year end 2009. anything can happen. what i would do is average in at these levels and if it goes back buy more. check out PRU: goes from 25 to 11 then back to 25 in two weeks. CRAZY!
True. But I'll stick to my PRU 15 call options that have gone from 55 cents to $9 over the same time period. That's almost a 20 bagger.
http://money.cnn.com/news/newsfeeds/articles/djf500/200903181556DOWJONESDJONLINE000921_FORTUNE5.htm They want to create new shares out of thin air, not buy back shares.
oh well at least the march 25 calls i sold will end up good. i had been wanting to put a bigger trade on since this thing has gone totally insane. btw nice trade on the 15 calls.
GE is talking about a first quarter profit on CNBC.com's "breaking news" ticker...will be interesting to see how that affects it today. EDIT: i wish i would have bought more http://www.cnbc.com/id/29772374 GE Expects Finance Unit to Be Profitable in Q1 General Electric expects its GE Capital finance unit to be profitable in 2009, the U.S. conglomerate's chief financial officer said on Thursday. Current DateTime: 06:23:30 19 Mar 2009 "We expected GE Capital to be profitable in the first quarter and we expect GE Capital to be profitable in 2009,'' CFO Keith Sherin told investors in New York. He said that the company had run extensive stress tests on GE Capital's portfolio and found that even in its worst-case scenario GE would not see itself needing to raise capital. GE [GE 11.02 0.70 (+6.78%) ] is the parent company of CNBC and CNBC.com. GE Capital, which has businesses ranging from investing in commercial real estate to financing sales of heavy equipment made by the U.S. conglomerate, last year recorded profit of about $8.6 billion, about 33 percent of the GE total.
I bought some skf when it was at 100 and dumped it too soon. Every time they say this you know they are going to need money.
Concur. Things are gonna hit hard when citicorp posts 1st quarter results. And we still have no idea how GM and chrysler are going to fare.
