350zCommtech's Account Talk

[DCguy]

I think bad news and reports dont affect the buying interest at all recently. I still haven't seen one bank go bankrupt because of the subprime mess. I'll stay in stock and wait for the next rate cut.

 

[RPM]

Huh? The trend has been down. What charts are you looking at?

Look at the weekly chart of INDU. The trend has been up for the last 4 wks.

 

[DCguy]

Huh? The trend has been down. What charts are you looking at?

I shouldn't have said the Dow went up 3% every week... but I did see some 3% gain days in the past few weeks. C is up about $1 and S is up about $1 and I is up about $1.2 since I made a IFT from 20% G and 80% F in March.

 

[Asylum]

Job Market 2009...

 

[350zCommTech]

We are the Feds(CB) and we're here to rape you. First inflation, then deflation!

3.5 hours long but very educational if you're not familiar to how the CBs work.

http://video.google.com/videoplay?d...891&start=0&num=10&so=0&type=search&plindex=0

 

[jon]

10:14 cst very interesting interview on Bloomberg News about indicators pushing mkts to test new lows. There is is news update now, pending return to Tim Hayes.

 

[hessian]

We are the Feds(CB) and we're here to rape you. First inflation, then deflation!

At least we have a dinner and a movie to look forward to - in May! :notrust:

 

[350zCommTech]

Taxpayers own 39.5% of BSC? When do I get my stock certificate?

I imagine them(JPMorgan and the Feds) cracking jobs and laughing their asses off every night at the diner table.

 

[350zCommTech]

LOL! And I can tell you are ticked off!

That and the fact that I'm locked out. I have to mail in my moves.

 

[Asylum]

That and the fact that I'm locked out. I have to mail in my moves.

Maybe not!!

Have you seen this?

http://www.tsptalk.com/mb/showthread.php?t=5741

TO ALL

I can effect IFT by internet and/or phone (2 per month) as a result of my request (in another thread in IFT limits) to Long, et. al.

Chris, a supervisor at TSP, confirmed that the "IFT by mail sanction" had been lifted on me because of my request. I also had a different TSP employee effect a IFT funds to "F" and then confirm the IFT. I later had TSP cancel the trade to save my 2 IFTs. The abatement may have been because I stated that, although I did not receive the warning letter not to trade, I was nonetheless sanctioned and did receive the certified letter. Also, possibly because I only had 4 trades during Jan, Feb, 2008.

I found this out today 4/8/08, at 11:30am, as a result my call to TSP to let them know how much money I had lost in potential gains, since April 1, as a result of its sanction.

Note, I tell the supervisor that because no such information appears on the TSP site that I would post what, in effect, I am posting now.

Obviously, my advice is to fax in your request, site low trades, if applicable. And, state that you didn't get the warning letter (if applicable) or that you didn't understand the criteria.

You may want to test with a IFT anyway.

Good Luck - see you back on the tracking board.

nsurf9

 

[350zCommTech]

This is where my wife works.

Linens 'N Things Reportedly Being Pushed Towards Bankruptcy

4/8/2008 10:40:11 AM Linens ‘N Things is being pushed towards bankruptcy, according to a report from the New York Post in its online edition Tuesday. The Post reports that billionaire financier Leon Black is looking to cut his losses and unload the struggling retailer.

The Post, citing unnamed sources, said that Black's buyout firm Apollo Management is looking into the possibility of a “prepackaged” bankruptcy. Black's firm took the home goods retailer private in 2005 for $1.3 billion. In a “prepackaged” bankruptcy, Black's firm would settle on a restructuring plan with creditors before filing for Chapter 11.

The newspaper cited sources saying that Apollo has “been aggressively buying Linens 'N Things debt in a bid to exert greater control over any potential restructuring, in which creditors would likely exchange debt holdings for equity in the reorganized company.”

Apollo Management declined to comment, the Post
http://www.rttnews.com/apps/deskalert/article.asp?date=04/08/2008&item=758

 

[350zCommTech]

this is soooo good!

I like this part:

April 8 (Bloomberg) -- Former Federal Reserve Chairman Paul Volcker questioned the central bank's decision to rescue Bear Stearns Cos. with a $29 billion loan, saying it was at ``the very edge'' of its legal authority.

It was actually a non-recourse loan. In other words, they took our tax money and gave it to JPM for free. All in the name "financial stability".

 

[12%ayear]

This is where my wife works.

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350z, sorry to hear that. We love shopping at that store.

 

[350zCommTech]

350z, sorry to hear that. We love shopping at that store.

Thanks 12%,

I'll be giving her the news tonight. This sucks. Not only because of the extra cash she brings in, but it's the fact that she really enjoys working there.

 

[Asylum]

sorry to hear that 350... I do have a buddy who is a manager of Bed, Bath & Beyond and h says they are expanding so your wife has a great shot at still working in that type of store.all my best to y'all

 

[350zCommTech]

sorry to hear that 350... I do have a buddy who is a manager of Bed, Bath & Beyond and h says they are expanding so your wife has a great shot at still working in that type of store.all my best to y'all

Thanks Asylum.

 

[350zCommTech]

Sorry to hear about L&T 350. There's one right across the street from work and I've spent many a happy lunch browsing in there. It's always busy, so hopefully things will work out for your wife. Best wishes to both of you.

thank you.

Well...we did get some junk paper in exchange.

More like an appropriation without Congressional approval?

Yup, but who's got the balls to really do something about it. The SEC? Congress? Congress would have approved it anyway. It would have just taken a few more days.....But....BSC was probably going to go bankrupt that Monday...Well, you know what I'm talking about...

 

[nnuut]

Sorry, 350Z it's getting tough and will get tougher! My best to you and your wife.
Norman

 

[350zCommTech]

Sorry, 350Z it's getting tough and will get tougher! My best to you and your wife.
Norman

Thanks,

I agree, the worst is yet to come.

 

[Braveheart]

Thanks,

I agree, the worst is yet to come.

I am not a fan of stores and don't like shopping but LNT was actually a cool store. Hope your wife finds a good job sorry to see good hard working people lose their jobs but lets keep building up Iraq it makes me sick.

Wait till the shopping Malls go under. All the smaller stores will not survive this. There will be vacant Malls everywhere and that would leave Sears etc. but people will just drive past. Circuit City will go under, Marshalls, Old Navy etc. may be next.