Show-me Account Talk

[Braveheart]

Braveheart, what are you basing this on? Because all the after hours action I see are up significantly, signaling a big rally on Monday.

Interesting read from Cramer:

http://www.thestreet.com/story/10436132/1/cramer-fannie-freddie-takeover-changes-the-game.html

He basically says yeah Fannie and Freddie will go under, but the Govt. backstopping mortgages can then change terms and help people not go under, if I am reading that right. Bonds may deteriorate rapidly...and rates will rise rapidly as well. Not good for Car loans, NEW home loans, etc. Bad for dollar??? Oil back up ??? Goldman correct??????

That is the #1 problem the Fed is taking this all on so who is going to pay for this fromwhat I see we all are. What was the emergency to do this right now. There is more behind this and it appears the big boys in the market know it so we will be the last to find out. Banks are going under and as Show-me predicted which bank will it be on FDIC Friday.

No Jobs, No Homes, No Money = No Investments

 

[Show-me]

Oscar weekend webinar.

 

[robo]

The Treasury has just announced the terms of the GSE bailout. Please read the full text of Paulson's statement at the following link:

http://www.ustreas.gov/press/releases/hp1129.htm

 

[poolman]

Re: Oscar weekend webinar.

Thanks Show-me,

I heard him say, "One more big push to the Downside".

Of course this video is what he thinks in Broader Terms not necessarily Tomorrow.

 

[hessian]

The Treasury has just announced the terms of the GSE bailout. Please read the full text of Paulson's statement at the following link:
http://www.ustreas.gov/press/releases/hp1129.htm

Robo,
Good info, but seeking whether anyone has an idea on whether the "Big Institutions" will take this as GOOD news?? Or, after the 2-day weekend, come to realization, that this is BAD news??
I take it as terrible news - though on the surface (Friday) the news may have had an initial, knee-jerk appeal - especially to small / personal investors, like us)!

Think the the Big Institutions will "use this" to try to get the little guy (us) to jump in - just to shake us down again?
If I were in F (Bond fund), I think this would have me nervous as a long-tailed cat in a room full of rocking chairs!
As for the index funds, in this market mania, I haven't a clue how the Big-Boys will take the news - or "use" it (against us).

Given some time to think about it (2 day weekend), my guess, just a guess, is that the Big Institutions/Investors, mulling this over, will conclude this indicates just how much more bad junk, and bailouts are still looming unseen / hanging "out there" - with consequences yet to come! :worried:

Seeking input from folks knowledgeable members on consequences of these bailouts, especially this magnitude - any articles/sources on this! I think the answer to this, will likely affect us all.
VR

 

[Show-me]

Now I am getting concerned and it will be wait and see. OSM first, futures second.

 

[Show-me]

Sounds like common shares are toast and they will take on more MBS to get home buying flowing again.

 

[Corepuncher]

Now I am getting concerned and it will be wait and see. OSM first, futures second.

What I hope for: A big rally Monday > 3% for a nice sell.

What I am scared of: I am concerned that there could be a gigantic move up, then a ferocious sell-off before the close. If that happens, we are going way down because the reversal day (Friday) means nothing and we'll break 1200.

Keep in mind we have some financials reporting the week of Sept. 15th. This is the last week to get our before that data. How could it be any good?

 

[robo]

As for the index funds, in this market mania, I haven't a clue how the Big-Boys will take the news - or "use" it (against us).

VR

Hessian,

In the short-term anything can happen, but the market will let us know soon.

For folks that are long and think the lows are in it doesn't matter. For folks that think we are going lower and waiting for a good chance to buy in, good luck to you. When you do pick a bottom it really is luck. I think investors will have plenty of time to catch this rally if one happens now.


However, in my opinion the downside risk is less then the upside from these price levels, so I'm a buyer again.

I sold around 1300 the last time and my plan was to buy again if it looked like we would test the July lows. We came close and I'm now 100% long again. Could we sell-off another 100 points from here? Yes we could, but that's the risk we take for being in the Stock Market. I will not be selling from these levels.....

Take Care and good luck to you. It's tough buying here with so much bad news out there and a very good possibility we are just starting the recession. Now, the question is this?

Has the market already priced it in? If it has, this is one sweet buying op Brother and if it hasn't, well, looks like I bought early again. However, I'm up YTD in my TSP account so I have some cushion here.

The Big question for me now is this. Should I still play by Bear Market rules or is this the start of a Bigger Rally? Hmmmm - well, we shall see!

Still plenty of bears out there and many folks calling for lower lows and they could be correct.

100% long for now in TSP....

Good Luck and trading to you Hessian....

 

[hessian]

Hey Thanks all,
I've been out-of-pocket all week (playing care-giver to my mum, had triple bypass surgery).

Anyway, just getting back up-to-speed here, all sources, and info - just wanted to post a finding that I came across below (sorry if redundant to another post):
Courtesy, one of Robo's sources:
http://www.trivisonno.com/the-fan-fred-short-squeeze-rally
VR all,

 

[poolman]

Hey Thanks all,
I've been out-of-pocket all week (playing care-giver to my mum, had triple bypass surgery).

Anyway, just getting back up-to-speed here, all sources, and info - just wanted to post a finding that I came across below (sorry if redundant to another post):
Courtesy, one of Robo's sources:
http://www.trivisonno.com/the-fan-fred-short-squeeze-rally
VR all,

Hessian,

I'm sorry to hear about your mother. Keep the faith and God Bless Both of You.

 

[nnuut]

Hey Thanks all,
I've been out-of-pocket all week (playing care-giver to my mum, had triple bypass surgery).

Anyway, just getting back up-to-speed here, all sources, and info - just wanted to post a finding that I came across below (sorry if redundant to another post):
Courtesy, one of Robo's sources:
http://www.trivisonno.com/the-fan-fred-short-squeeze-rally
VR all,

My best to your Mom Hessian!
Norman

 

[CountryBoy]

Hey Thanks all,
I've been out-of-pocket all week (playing care-giver to my mum, had triple bypass surgery).

Anyway, just getting back up-to-speed here, all sources, and info - just wanted to post a finding that I came across below (sorry if redundant to another post):
Courtesy, one of Robo's sources:
http://www.trivisonno.com/the-fan-fred-short-squeeze-rally
VR all,

I hope your mum is doing well, been there and done that 4 years ago, it sure ain't for sissies.

CB

 

[Show-me]

Hessian,
Best wishes to you mom.

 

[hessian]

I hope your mum is doing well, been there and done that 4 years ago, it sure ain't for sissies.
CB

Just wanted to say thanks all.
A whole bunch of difficult issues & times happening all at once it seems, but I know, as I'm sure most of you know, that Faith is what guides, sustains, and comforts us! My true belief is that all prayers will help - so that is very much appreciated !!
Thanks again, all !!
(FYI, CB, been there myself, 2 1/2 yrs ago for me).

 

[CountryBoy]

Just wanted to say thanks all.
A whole bunch of difficult issues & times happening all at once it seems, but I know, as I'm sure most of you know, that Faith is what guides, sustains, and comforts us! My true belief is that all prayers will help - so that is very much appreciated !!
Thanks again, all !!
(FYI, CB, been there myself, 2 1/2 yrs ago for me).

I'm sure you're experience was a big comfort to your mum. There are a lot of us out there. Not a good club to belong to, but it's sure is nice to get that second chance.

Ya'll take care,
CB

 

[Show-me]

The Week Ahead

Last Update: 05-Sep-08 10:00 ET

The main points of interest for traders in the coming week, which marks the seventh anniversary of the 9/11 attacks, will be the economic data, the OPEC meeting and the trading action itself in the capital markets.

The Producer Price Index, retail sales, and trade balance reports are just a few of the economic reports set for release next week. Take a look at Briefing.com's Economic Calendar for a full list of reports and expectations.

Second quarter earnings reporting season is over, with only one S&P 500 company -- Campbell Soup (CPB) -- confirmed to release its quarterly results. The Earnings Calendar has more information.
________________________________________________________________


Monday, September 8:

• Earnings: Pep Boys (PBY), Finisar (FNSR)
• Economic Data: Consumer Credit (July)
• Events: None
• Conferences: Citigroup Biotech Unplugged Conference... Credit Suisse Group Services & Processors Conference... Deutsche Bank Securities Tech Conference... Wachovia First Union Transpiration and Packaging Conference
• Fed Speakers: Dallas Fed President Fisher to speak at a community forum (13:00 ET)

Tuesday, September 9:

• Earnings: Korn/Ferry (KFY)... Piedmont Natural Gas (PNY)
• Economic Data: Pending Home Sales (July)... Wholesale Inventories (July)
• Events: OPEC Meeting... 3M 2008 Investor Day
• Conferences: Lehman Brothers Global Finance Services Conference... Credit Suisse Group Services & Processors Conference... Deutsche Bank Securities Tech Conference
• Fed Speakers: None

Wednesday, September 10:

• Earnings: Spartech (SEH), Stewart Enterprises (STEI)
• Economic Data: None
• Events: Weekly Crude Inventories (week ended Sept. 6)
• Conferences: BMO Capital Markets North American Real Estate Conference... Morgan Stanley Global Industrials CEO's Unplugged Conference... Deutsche Bank Securities Tech Conference
• Fed Speakers: None

Thursday, September 11:

• Earnings: Campbell Soup (CPB)... Lululemon Athletica (LULU)
• Economic Data: Export/Import Prices (Aug)... Trade Balance (July)... Treasury Budget (Aug.)... Weekly New Unemployment Claims (week ended Sept. 6)
• Events: Anniversary of 9/11 attacks
• Conferences: BMO Capital Markets North American Real Estate Conference... UBS Best of Americas Conference... Deutsche Bank Securities Tech Conference
• Fed Speakers: None

Friday, September 12:

• Earnings:None
• Economic Data: Producer Price Index (Aug.)... Retail Sales (Aug.)... Business Inventories (July)... Preliminary University of Michigan Consumer Sentiment (Sept.)
• Events: None
• Conferences: BMO Capital Markets North American Real Estate Conference... UBS Best of Americas Conference
• Fed Speakers: None

--Ryan McShane, Briefing.com

 

[JTH]

Show-me I'm curious on how you buy stocks?

My rudimentary undestanding is that you buy shares in blocks. What I'm not sure of is what size blocks can you buy?

Can you buy 100, 75, 50 or even 25 shares at a time?

I say this because when I do open an account I may not want to buy 100 shares at a time, but I'm really not sure how the system works.

Thanks... JTH

 

[Show-me]

TOKYO, Sept 8 (Reuters) - Japan's Nikkei average is expected
to rise on Monday from a 5-½ month closing low hit the previous
trading day, after the U.S. government took control of troubled
mortgage finance companies Fannie Mae (FNM.N: Quote, Profile, Research, Stock Buzz) and Freddie Mac
(FRE.N: Quote, Profile, Research, Stock Buzz).

U.S. stock index futures surged on Sunday, pointing to asharply higher opening on Wall Street on Monday after the news.[ID:nN07379425]

"The U.S. news will likely spark buying of financial stocks.It's positive that the government will help the two firms, whichhave been the centre of the housing problems," said KazukiMiyazawa, a market analyst at Daiwa Securities SMBC.

"But I don't expect the market to rapidly keep going upwardas the economy is on the decline ... The impact of the move is still unclear."

The takeover of the U.S. finance companies is the latest moveby the government to shore up the slumping housing market and wastaken to ward off more global financial market turbulence.[ID:nN07479172]

Nikkei futures traded in Chicago closed at 12,175 on Friday,25 points below their close in Osaka JNIc1.

Market participants expect the Nikkei .N225 to tradebetween 12,300 and 12,600 on Monday.

http://www.reuters.com/article/marketsNews/idUKT13208720080907?rpc=44

And, it begins.

 

[Show-me]

Show-me I'm curious on how you buy stocks?

My rudimentary undestanding is that you buy shares in blocks. What I'm not sure of is what size blocks can you buy?

Can you buy 100, 75, 50 or even 25 shares at a time?

I say this because when I do open an account I may not want to buy 100 shares at a time, but I'm really not sure how the system works.

Thanks... JTH

A block is a generic term. I can buy any number at any time. You can buy 1 share of Berkshire class B or thousands of shares of anything your heart desires.

Get that account going!