Philip Davis
Philip Davis
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Philip Davis
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Thrilling Thursday: Can We Make Another Billion Today? [View article]
Thrilling Thursday: Can We Make Another Billion Today? [View article]
Sorry, not officially back but posting the occasional guest article. Once or twice a week there will be free posts - check the instablog as few will be published the regular way.
Options Trader: Thursday Outlook [View article]
Options Trader: Thursday Outlook [View article]
Let me know if you'd like to take a look.
- Phil
Options Trader: Thursday Outlook [View article]
Tradeflow, I see you were a member from 11/30/07 - 12/29/07 on my site and from 9/7-12/7 on Wangs. I can't speak for Andy but obviously Dec was a rough month with the Dow dropping 500 points but I'm very curious as to what it was that you lost $30,000 on in one month.
Options Trader: Thursday Outlook [View article]
Trade flow - what was your member name?
Financials and Retail: Not as Dire as They Seem [View article]
So yes, that's a very good point about looking at the dillutive number of shares relative to earnings after the acquisitions, I will do that next time I revisit the banks.
I don't think WM is particualraly good but I do think that, like Chrysler and GM, they simply won't be allowed to fail. Also, even if the banks do repossess 20% of all the homes they lent money on and even if they only get 60% of the value they wrote a mortgage for, it will still be more money than what they've written off already. $400Bn in write downs is $200,0000 on 2M homes worth of value written off, that's some pretty steep discounts!
So yes, I think it's bad but, as hopeandfear says, not THAT bad. Who are losing their jobs? Construction workers and finanical workers - isn't that to be expected in a housing slump? I must say today's actions make things seem very dire, it's like people just can't get out of the markets fast enough...
Financials and Retail: Not as Dire as They Seem [View article]