just a sidenote.. any one think we should roll the dice on a few shares of the national bank of greece? I have read many articles about Greece and the general consensus is the EU won't allow Greece to fail as it will kill the euro.. should we gamble $100 on NBG at $2 and change?http://www.google.com/finance?q=NYSE:NBG
Apparently NBG is trading at a low not seen since the financial meltdown in 09... if Rizzi is right about the EU not allowing it to fail, then now is the time.
Prez I like where you're head is at. We have some coin in the money market, but paying $9 in total buy/sell commissions requires nearly a 10% return before we break even. Are you projecting this and when?
I agree the situation in Greece is dire and negatively impacting the global economy. In contrast, because they no longer have their own currency, Greece can not act like a country in distress- more like a state. California is $20b in the hole. The situation in Greece would be like Arnold going to Obama and being granted a bailout. What would Florida, Rhode Island and other struggling states do when it was their turn to pass the hat?
Parlay that with the lost commerce as a result of the volcano and Europe is in a serious slump. My recommendation, if we're going the international route, is to limit our next holding selection specifically to foreign stock European companies in an effort to expand our reach. Perhaps an impromptu May 1 conference all to allocate our money market surplus?
speaking of ahnold... he raised 12.5M quick to save the hollywood sign - http://online.wsj.com/article/SB10001424052748703465204575208324165008454.html?mod=WSJ_hps_MIDDLEThirdNews
great to see where his priorities are... i wish that signed burned down in the wild fires...
As far as how the Euro banks do business... i don't know enough about it. So your saying that every nation that is on the Euro will have to agree to pony up in order to help Greece pay their creditors?
Wouldn't the fear of the EURO losing value be incentive?
Jim the European Union was ultimately a result of the dissolved Soviet Union. There are just under 30 countries represented and about half of them use the Euro as their currency. You're right- the Euro is dipping as a result of Greece's instability. In addition, the dollar's value has increased and their has been an uptick in international travel.
However, the money is not being borrowed from those nations to fix Greece's problem. We borrowed most of our stimulus money from China. Greece doesn't have the credit rating or the trading juice that we have, so they have to go to a bank (like a deadbeat trying to get a car loan without a job). The underlying issue is that Greece's corrupt gov't isn't strong enough to rebuild from within so if they are given the money from an international bank, a requirement may be to overhaul their current infrastructure. This is a very complicated matter, is somewhat unprecedented with no solution in sight.
I agree there are tremendous long-term opportunities, but blindly investing in a bank without knowing it's background/holdings/practices doesn;t make too much sense yet either. Perhaps a May 1 conference call with European stocks would make more sense? This way, those of us with interest in the matter can research other sectors impacted by the Greece crisis and make a more logical decision.
Second motion for a 5/1 call?
More Greek talk, including a feature on "Greek Style: When To Use The Safe Word," after the break....
I agree we should invest some of the profits soon, but i think Joe has raised some interesting points about EU and I am not sure right off the bat if we should invest. I will look around tonight to see what i come up with. I am on the fence and need to review some info.
I like the price and idea of a govt not allowing a bank to fail, but i am not sure if this is the case we have here with EU, as joe briefly touch upon.
I think we should hold on to IMAX too. I think this summer will do them well and we could consider dumping after it has climbed even more.
I do think the market is in for a correction, so we could look at short selling a stock in certain sectors, like banking. I don't have a stock to recommend to short sell at this moment, but I will as we get closer to a more significant dropping point
Here is a clip of an article i found on 247wallst.com The second paragraph, a few of those stocks look really familiar. To bad we didn't get in on some of those a year ago, we would have made 300% on our returns. even Alcoa inc made a hundo percent....what could have been
"March 9, 2009 marked the absolute apex of selling and marked the official ending date of the bear market. At the time, many were expecting stocks to see gains because of grossly oversold conditions. Yet how many investors and traders would have guessed that so many major companies would see their stocks double and triple? We wanted to look at the best performers in the Dow Jones Industrial Average. It is shocking how many of these are up 100% or far more off of 52-week lows on the anniversary of the crash.
It is amazing that 10 of the 30 DJIA components have more than doubled. Some have done far better than that. Bank of America Corporation (NYSE: BAC) rose over 400% from its 52-week low, while American Express Company (NYSE: AXP) has risen more than 300% from its 52-week lows. Alcoa, Inc. (NYSE: AA), Boeing Co. (NYSE: BA), Caterpillar Inc. (NYSE: CAT), EI DuPont de Nemours & Co. (NYSE: DD), Walt Disney Co. (NYSE: DIS), General Electric Co. (NYSE: GE), and Hewlett-Packard Company (NYSE: HPQ) have all risen more than 100%."
Just food for thought, as i just found this today and it was only last week I mentioned we really need to make the most of our opportunity.
At least we gave ourselves the chance to decide that some of the stocks listed here wouldn't do as well as our selected pick...
"Stocks are like a box of chocolates, ya never know what you are gonna get"
15 comments:
and 3 days ago - you were ready to cash out on IMAX.... What difference a few days makes...
yes - stick with IMax..
and DISCA trading at way too high a multiple for my blood,
RIM, TI and Oracle report today. Hopefully NCR and Motorolla can skim off their good news. These holdings are dogs guy!
Still waiting to hear from Salem Street's finest on what other moves we can make in the meantime...
Keep the faith with MOT and NCR... there is still potential for growth..
BTW...Where's Waldo?
Does anyone else have any input/suggestions/opinions on investing our money..?
and by anyone else....I mean Mikey and Ry...
I feel like we have a 3 man operation over here...
just a sidenote.. any one think we should roll the dice on a few shares of the national bank of greece? I have read many articles about Greece and the general consensus is the EU won't allow Greece to fail as it will kill the euro.. should we gamble $100 on NBG at $2 and change?http://www.google.com/finance?q=NYSE:NBG
Apparently NBG is trading at a low not seen since the financial meltdown in 09... if Rizzi is right about the EU not allowing it to fail, then now is the time.
I'm down to roll the dice.
Prez I like where you're head is at. We have some coin in the money market, but paying $9 in total buy/sell commissions requires nearly a 10% return before we break even. Are you projecting this and when?
I agree the situation in Greece is dire and negatively impacting the global economy. In contrast, because they no longer have their own currency, Greece can not act like a country in distress- more like a state. California is $20b in the hole. The situation in Greece would be like Arnold going to Obama and being granted a bailout. What would Florida, Rhode Island and other struggling states do when it was their turn to pass the hat?
Parlay that with the lost commerce as a result of the volcano and Europe is in a serious slump. My recommendation, if we're going the international route, is to limit our next holding selection specifically to foreign stock European companies in an effort to expand our reach. Perhaps an impromptu May 1 conference all to allocate our money market surplus?
speaking of ahnold... he raised 12.5M quick to save the hollywood sign - http://online.wsj.com/article/SB10001424052748703465204575208324165008454.html?mod=WSJ_hps_MIDDLEThirdNews
great to see where his priorities are... i wish that signed burned down in the wild fires...
As far as how the Euro banks do business... i don't know enough about it. So your saying that every nation that is on the Euro will have to agree to pony up in order to help Greece pay their creditors?
Wouldn't the fear of the EURO losing value be incentive?
Jim the European Union was ultimately a result of the dissolved Soviet Union. There are just under 30 countries represented and about half of them use the Euro as their currency. You're right- the Euro is dipping as a result of Greece's instability. In addition, the dollar's value has increased and their has been an uptick in international travel.
However, the money is not being borrowed from those nations to fix Greece's problem. We borrowed most of our stimulus money from China. Greece doesn't have the credit rating or the trading juice that we have, so they have to go to a bank (like a deadbeat trying to get a car loan without a job). The underlying issue is that Greece's corrupt gov't isn't strong enough to rebuild from within so if they are given the money from an international bank, a requirement may be to overhaul their current infrastructure. This is a very complicated matter, is somewhat unprecedented with no solution in sight.
I agree there are tremendous long-term opportunities, but blindly investing in a bank without knowing it's background/holdings/practices doesn;t make too much sense yet either. Perhaps a May 1 conference call with European stocks would make more sense? This way, those of us with interest in the matter can research other sectors impacted by the Greece crisis and make a more logical decision.
Second motion for a 5/1 call?
More Greek talk, including a feature on "Greek Style: When To Use The Safe Word," after the break....
I agree we should invest some of the profits soon, but i think Joe has raised some interesting points about EU and I am not sure right off the bat if we should invest. I will look around tonight to see what i come up with. I am on the fence and need to review some info.
I like the price and idea of a govt not allowing a bank to fail, but i am not sure if this is the case we have here with EU, as joe briefly touch upon.
I think we should hold on to IMAX too. I think this summer will do them well and we could consider dumping after it has climbed even more.
I do think the market is in for a correction, so we could look at short selling a stock in certain sectors, like banking. I don't have a stock to recommend to short sell at this moment, but I will as we get closer to a more significant dropping point
Here is a clip of an article i found on 247wallst.com The second paragraph, a few of those stocks look really familiar. To bad we didn't get in on some of those a year ago, we would have made 300% on our returns. even Alcoa inc made a hundo percent....what could have been
"March 9, 2009 marked the absolute apex of selling and marked the official ending date of the bear market. At the time, many were expecting stocks to see gains because of grossly oversold conditions. Yet how many investors and traders would have guessed that so many major companies would see their stocks double and triple? We wanted to look at the best performers in the Dow Jones Industrial Average. It is shocking how many of these are up 100% or far more off of 52-week lows on the anniversary of the crash.
It is amazing that 10 of the 30 DJIA components have more than doubled. Some have done far better than that. Bank of America Corporation (NYSE: BAC) rose over 400% from its 52-week low, while American Express Company (NYSE: AXP) has risen more than 300% from its 52-week lows. Alcoa, Inc. (NYSE: AA), Boeing Co. (NYSE: BA), Caterpillar Inc. (NYSE: CAT), EI DuPont de Nemours & Co. (NYSE: DD), Walt Disney Co. (NYSE: DIS), General Electric Co. (NYSE: GE), and Hewlett-Packard Company (NYSE: HPQ) have all risen more than 100%."
Just food for thought, as i just found this today and it was only last week I mentioned we really need to make the most of our opportunity.
At least we gave ourselves the chance to decide that some of the stocks listed here wouldn't do as well as our selected pick...
"Stocks are like a box of chocolates, ya never know what you are gonna get"
F.Gump
well I bought NBG in my UpDown portfolio yesterday and am up 10% since. So ha!
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