Portfolio of the week - 2008

[Odysseus]

StkyTreat, do you mean close long, and short C?

[Karel]

StkyTreat, do you mean close long, and short C?

No, he means:





Regards,

Karel

[Odysseus]

lol Gotchya, just wanted to make sure.

[JohnHenry]

No, he means:





Regards,

Karel

LOL LOL Thanks Karel and Od

[peanuts]

terrifying

Peanuts<
Will the US default on its debts in Sept 2009?

I've been thinking about this since you asked...

There's a lot of debts that the US has. To default would be unacceptable. I would expect a war of unpreceeded atrociousness IF it does happen.

What would have to occur for debts to go unpaid? Nobody paying taxes? Or a significant decline in tax revenue due to trade freezing? Or a removal of a AAA rating for US debt? Or governmental action? Or something else?... and what?

What if we suddenly tell the world, "well, sorry folks, no more dollars for you"... What would be the implications? Is that IT?

[jiesen]

Ody, please put me in VICL long. Thanks!

[jiesen]

I've been thinking about this since you asked...

There's a lot of debts that the US has. To default would be unacceptable. I would expect a war of unpreceeded atrociousness IF it does happen.

What would have to occur for debts to go unpaid? Nobody paying taxes? Or a significant decline in tax revenue due to trade freezing? Or a removal of a AAA rating for US debt? Or governmental action? Or something else?... and what?

What if we suddenly tell the world, "well, sorry folks, no more dollars for you"... What would be the implications? Is that IT?

Only thing to really worry about then would be a mint workers' or helicopter union's strike.

Other debts the US has (like the promise of peace in the Middle East, a successful homeowner rescue, etc) are destined to go to default.

[jiesen]

And perhaps someone who dies at 69 after paying into Social Security, and never seeing a dime back would consider that a default, too.

[spikefader]

Ody, I think you may have my entry a couple percent too generous. 46.71 is probably closer to the mark.

[Odysseus]

Sorry Jiesen, needs to be above or equal to $2 on entry.

$2 minimum for cheapest stock price.

I was wondering that too Spike, and I'm not sure how to interpret the rules. Bat pointed out something recently and so I made sure to re-read them. And the one rule says:

A pick during open trading is Real Time, with the price matching the post time of your pick....(No negotiations allowed.)

However, the way I interpreted that up until recently is buy/short at the next traded price from Google. But the above reads whatever the price is at that time.

So, at that time from Google Finance, the price was 47.99. Should I change the rule above to reflect that it needs to be the next traded price from the timestamp of the post, or go with the price at that time? People's thoughts?

Thanks !

[peanuts]

I'll take XTXI long... Goldman Sacs has this company all wrong, and it's time to prove it to them

This was a TERRIBLE idea! Please sell and go long GM... maybe this won't be so painfull

[Rob]

I'll try JASO long this week.

Crikey! Me worst pick of the year!

[spikefader]

I was wondering that too Spike...Should I change the rule above to reflect that it needs to be the next traded price from the timestamp of the post, or go with the price at that time? People's thoughts?
Thanks !

Whatever you think is best, Ody. Opening price of the next 1-min candle after the timestamp seems most logical to me.

[Peter Hansen]

ANN Short

ANN SHORT, conditions have not improved since last week .....and I feel the shorts will rule the week!

[IIC]

I would like to select ASEI long...thx...Doug(IIC)