Skiracer's stock slopes

[IIC]

Just got the website up and running and the virtual tour is up and running. This is one site that I am building in Seaside Heights, NJ. Very high end condominums units each with it's own elevator. If you are interested in taking a look visit www.shoresidevillage.com.
Any questions regarding anything about the units please post them here or PM me and I will get right back to you. Needless to say in this market we are piling on the incentive laden deals to promote sales and it is a good environment for the buyer right now just as it was for the seller a while back. Good time to buy before the pendulum starts to swing back the other way.

Just showed my wife your model tours...She likes #2...

[skiracer]

Just showed my wife your model tours...She likes #2...

That's our "Best" model. Just reduced the prices from $819,000/$839,000 for that unit as shown to $690,000. Trying to generate some action in an otherwise "dead" market. Very serious situation and costly in so many ways.
They are well built and very luxurious with a number of upgrades as options.

[IIC]

That's our "Best" model. Just reduced the prices from $819,000/$839,000 for that unit as shown to $690,000. Trying to generate some action in an otherwise "dead" market. Very serious situation and costly in so many ways.
They are well built and very luxurious with a number of upgrades as options.

You should change the amount on the site...It says $969,000...I won't tell you what she said she'd pay...But you are getting close.

Funny...I think I may have mentioned this before???...But about 5 years ago we took some internet survey on where we should retire....Mine came up Pahrump, NV (I have no idea why although on our next trip to Vegas we took a side trip to check it out)...Her's came up at some beach area in NJ...We can't recall the name...Maybe it was Seaside???...Anyway, I posted at the forum I was on where we were talking about the survey..."I guess we won't be seeing much of each other in our golden years"

[skiracer]

i just read where there were 85 people viewing the forum. 2 minutes later it was 55 and less than a minute later it was 9. Can it be that 85 people were viewing and none of them found anything of interest to post on or question. And in less than a couple of minutes the total dropped to 9 and still nothing.

[jae16]

I am gonna go w/ FCX short I believe... thanks ski... Lets see if it makes a downtrend now that it broke through that pattern...

[jae16]

I am gonna go w/ FCX short I believe... thanks ski... Lets see if it makes a downtrend now that it broke through that pattern...

I meant to put this in the POTW topic sorry guys...

[IIC]

i just read where there were 85 people viewing the forum. 2 minutes later it was 55 and less than a minute later it was 9. Can it be that 85 people were viewing and none of them found anything of interest to post on or question. And in less than a couple of minutes the total dropped to 9 and still nothing.

A couple of times I have posted the whole list at the Chopping thread. When there are that many most are looking at the Chopping thread, my thread and a few others that mention IBD and Canslim.

Obviously IBD is following some topics in this forum. However, I believe the number of guests is inflated. A ways back I posted a test I ran by logging in here as a member via AOL and visiting as a guest via IE at the same time. As a guest I looked at very old topics that no one looks at anymore...As a member it looked like numerous guests were looking at the topics as each time I looked at a different topic it was listed as a separate guest.

[billyjoe]

Doug,
Maybe they saw my post and finally blocked access to IBD which I didn't want anyway. Now I wonder if my credit card will get credited?

-----------billyjoe

[skiracer]

ECONXThe FOMC Decision Preview - Decision due out at 14:15PM ET
On Tuesday, Jan. 22 the FOMC shocked the mkt with a large 75 basis point intermeeting cut in both the fed funds (to 3.5%) and discount rates (to 4.0%). Tellingly, the Fed statement noted that "appreciable downside risks to growth remain." This declaration left the mkt inclined to believe that this week's officially scheduled FOMC meeting would produce yet more easing. The great debate now centers around the question of whether the rate cut will be 50 basis points or 25 basis points. There's plenty of rationale for either size. Other alternatives are far less likely. Doing nothing would be inconsistent with recent action while another ease of 75 basis points would be outsized given the 150 basis point move it would leave over just a week. A 50 basis point cut in policy rates would add to the "insurance" the Fed has provided in moving to get ahead of the economic problem(s). The combined size of the easing over the last week would surely be seen as preemptive since the economy hasn't drifted into recession yet. The fed funds futures mkt is currently pricing in a 74% probability of a 50 basis point move. That is down some from recent readings, but still connotes an expectation in the mkt that the FOMC will move another 50 basis points, bringing the rate down to 3.00%. Since this is the prevailing expectation, it shouldn't bring any mkt disappointment if the FOMC follows suit. Finally, the larger move will push interest rates lower and further assist the interest sensitive housing mkt which may be slow to respond given the extremely weak fundamentals. A 25 basis point cut, meanwhile, leaves "only" a 1% cut in rates over the last week. The surprise cut last week followed sharp declines in foreign equity mkts, so moving just 25 basis points on Wednesday might be construed as a sign that the FOMC thinks it went too far with that action, cognizant now that some of the downside action was triggered by an unwinding of the losing futures positions put on by the rogue trader at Societe Generale. Separately, the FOMC is aware that credit mkt liquidity has improved as evidenced by 3-month Libor rates trading below the funds policy rate. The real funds rate would be just 1% -- well in the range of monetary stimulus. To keep control of policy expectations, the Fed has to make it clear to the mkts that it directs policy rather than the anxious fed funds futures traders. What better time to prove that than just a week after a very aggressive intermeeting ease that many critics labeled as pandering to the equity mkt? This possibility that the FOMC might buck the consensus view and "disappoint" with a 25 basis point cut has the mkt on edge. The only certainty with Wednesday's interest rate decision is that it won't please everyone. Accordingly, don't be surprised to see some whipsaw trading action following the announcement.

Trading into this paradox is futile and will only cost you money. Very volitaile right now in front of the FED meeting. Supposed to be at 1:25 pm or so. Seems to be equal feelings towards both sides on how much.

[skiracer]

three nice plays developing here.

[skiracer]

Briefing.com's take on what took place today and what is going on with the markets and sectors.

Daily Sector WrapAbout this page | Print versionOverview and analysis of trading in the ten economic sectors.
Updated daily by 6:30 ET.Archive
Updated: 05-Feb-08 16:38 ET Recession Concerns Rock MarketSector performance (% change on day): Financials (-4.57%), Tech (-3.01%), Health Care (-1.97%), Consumer Staples (-1.87%), Consumer Discretionary (-2.74%), Industrials (-2.91%), Energy (-3.75%), Telecom (-4.33%) Materials (-3.67%), and Utilities (-3.53%).
Dow -370.03 at 12265.13, Nasdaq -73.28 at 2309.57, S&P -44.18 at 1336.64
[BRIEFING.COM] It didn't take much to deduce on Monday that the stock market fell prone to profit-taking activity after a 4.9% gain last week. By the same token, it didn't take much to deduce on Tuesday that recession concerns got the better of participants and led to sharp losses for the major indices.

The focal point throughout the session was the January ISM Services report. The latter was a surprise in more ways than one. First, it came out earlier than expected due to what the Institute for Supply Management labeled "a possible breach of information." The real shocker, though, was the headline that business activity slipped to 41.9% from 54.4% in December.

The ISM noted that its new non-manufacturing index, which is the composite number, measured 44.6% after being computed with a new methodology. A number below 50 reflects a contraction.

Recession concerns were further piqued by the realization that the January report marked the first contraction in the non-manufacturing sector in nearly five years. Richmond Fed President Lacker, speaking later in the day on the U.S. economy, didn't help the market's outlook when he acknowledged the ISM Services report bumped up the recession probability.

These concerns reached far and wide on Tuesday. Every economic sector suffered a decline of at least 1.9%; all 30 Dow components lost ground; and oil prices slipped 2.1% to $88.20, helping to pace a 1.1% pullback in the economically-sensitive CRB Index.

The dollar, strikingly, gained 1.0% against a basket of other major currencies. Its strength was attributed to a belief that weak economic data out of Europe might force the ECB to lower interest rates, which would narrow the favorable interest rate differential that is currently supporting the euro. It would be remiss not to add, though, that the fed funds futures market is pricing in a 76% probability of another 50 basis point cut at the March 18 FOMC meeting. That is up from 68% on Monday.

Weakness in the stock market and the rate cut expectations propped up the Treasury market. The benchmark 10-year note jumped 21 ticks, bringing its yield down to 3.57%.

Separately, there was nothing propping up the financial sector Tuesday, which led the broader market pullback with a 4.6% loss. Festering concerns about the implications of bond insurer downgrades, the specter of a recession, the potential for further CDO downgrades, and an Oppenheimer & Co. downgrade of Goldman Sachs (GS 189.86, -10.94) to Perform from Outperform drove the selling interest.

For some perspective on the scope of Tuesday's selling, consider that the consumer staples sector, which declined 1.9%, was the best-performing area.

The S&P 500 dropped 3.2%, marking its worst percentage decline since February 2007. With the combined losses on Monday and Tuesday, the S&P 500 has surrendered nearly the entirety of last week's 4.9% gain.

..Nasdaq 100 -3.0%. ..S&P Midcap 400 -2.9%. ..Russell 2000 -3.0%.

The top-performing and worst-performing S&P 500 industry groups for Tuesday:
Industry GroupsGainComponentsPersonal Products+3.27%AVP, ELHousehold Appliances+1.31%BDK, SNA, SWK, WHRInternet Software & Services+0.30%AKAM, EBAY, GOOG, VRSN, YHOOIndustry GroupsDeclineComponentsSpecialized Finance-8.02%CIT, ICE, MCO, NYXConstruction Materials -7.85%VMCConstruction & Engineering -7.26%JEC, FLRReal Estate Management & Development-7.08%CBGWireless Telecommunication Services -6.77%AMT, SFertilizer & Agricultural Chemicals -5.86%MONThrifts & Mortgage Finance -5.86%CFC, FNM, FRE, HCBK, MTG, SOV, WMDiversified Metals & Mining -5.72%FCX, TIEInvestment Banking & Brokerage -5.64%BSC, ETFC, GS, LEH, MER, MS, SCHWLife & Health Insurance -5.61%AFL, LNC, MET, PRU, TMK, UNM

[IIC]

Briefing.com's take on what took place today and what is going on with the markets and sectors.

Daily Sector WrapAbout this page | Print versionOverview and analysis of trading in the ten economic sectors.
Updated daily by 6:30 ET.Archive
Updated: 05-Feb-08 16:38 ET Recession Concerns Rock MarketSector performance (% change on day): Financials (-4.57%), Tech (-3.01%), Health Care (-1.97%), Consumer Staples (-1.87%), Consumer Discretionary (-2.74%), Industrials (-2.91%), Energy (-3.75%), Telecom (-4.33%) Materials (-3.67%), and Utilities (-3.53%).
Dow -370.03 at 12265.13, Nasdaq -73.28 at 2309.57, S&P -44.18 at 1336.64
[BRIEFING.COM] It didn't take much to deduce on Monday that the stock market fell prone to profit-taking activity after a 4.9% gain last week. By the same token, it didn't take much to deduce on Tuesday that recession concerns got the better of participants and led to sharp losses for the major indices.

The focal point throughout the session was the January ISM Services report. The latter was a surprise in more ways than one. First, it came out earlier than expected due to what the Institute for Supply Management labeled "a possible breach of information." The real shocker, though, was the headline that business activity slipped to 41.9% from 54.4% in December.

The ISM noted that its new non-manufacturing index, which is the composite number, measured 44.6% after being computed with a new methodology. A number below 50 reflects a contraction.

Recession concerns were further piqued by the realization that the January report marked the first contraction in the non-manufacturing sector in nearly five years. Richmond Fed President Lacker, speaking later in the day on the U.S. economy, didn't help the market's outlook when he acknowledged the ISM Services report bumped up the recession probability.

These concerns reached far and wide on Tuesday. Every economic sector suffered a decline of at least 1.9%; all 30 Dow components lost ground; and oil prices slipped 2.1% to $88.20, helping to pace a 1.1% pullback in the economically-sensitive CRB Index.

The dollar, strikingly, gained 1.0% against a basket of other major currencies. Its strength was attributed to a belief that weak economic data out of Europe might force the ECB to lower interest rates, which would narrow the favorable interest rate differential that is currently supporting the euro. It would be remiss not to add, though, that the fed funds futures market is pricing in a 76% probability of another 50 basis point cut at the March 18 FOMC meeting. That is up from 68% on Monday.

Weakness in the stock market and the rate cut expectations propped up the Treasury market. The benchmark 10-year note jumped 21 ticks, bringing its yield down to 3.57%.

Separately, there was nothing propping up the financial sector Tuesday, which led the broader market pullback with a 4.6% loss. Festering concerns about the implications of bond insurer downgrades, the specter of a recession, the potential for further CDO downgrades, and an Oppenheimer & Co. downgrade of Goldman Sachs (GS 189.86, -10.94) to Perform from Outperform drove the selling interest.

For some perspective on the scope of Tuesday's selling, consider that the consumer staples sector, which declined 1.9%, was the best-performing area.

The S&P 500 dropped 3.2%, marking its worst percentage decline since February 2007. With the combined losses on Monday and Tuesday, the S&P 500 has surrendered nearly the entirety of last week's 4.9% gain.

..Nasdaq 100 -3.0%. ..S&P Midcap 400 -2.9%. ..Russell 2000 -3.0%.

The top-performing and worst-performing S&P 500 industry groups for Tuesday:
Industry GroupsGainComponentsPersonal Products+3.27%AVP, ELHousehold Appliances+1.31%BDK, SNA, SWK, WHRInternet Software & Services+0.30%AKAM, EBAY, GOOG, VRSN, YHOOIndustry GroupsDeclineComponentsSpecialized Finance-8.02%CIT, ICE, MCO, NYXConstruction Materials -7.85%VMCConstruction & Engineering -7.26%JEC, FLRReal Estate Management & Development-7.08%CBGWireless Telecommunication Services -6.77%AMT, SFertilizer & Agricultural Chemicals -5.86%MONThrifts & Mortgage Finance -5.86%CFC, FNM, FRE, HCBK, MTG, SOV, WMDiversified Metals & Mining -5.72%FCX, TIEInvestment Banking & Brokerage -5.64%BSC, ETFC, GS, LEH, MER, MS, SCHWLife & Health Insurance -5.61%AFL, LNC, MET, PRU, TMK, UNM

Or maybe investors came to realize that non-borrowed Bank Reserves went negative in January...The FED has created a new bubble...Will be interesting to see how and when it pops. Borrowed reserves are at the highest percentage level since 1933...Maybe Bush should pull an FDR and declare a banking holiday.

There are a number of articles about this that have come out recently...Here is one: http://www.nakedcapitalism.com/2008/...-negative.html

Federal Reserve's H.3 and H.4 report: 
    Two Weeks Ended January 16 daily avgs-mlns (H.3) 
Free Reserves........rvsd....  336* vs.rvsd.. .-2,915* 
Bank Borrowings.............40,000  vs.........30,000 
Seasonal Loans....................  vs............... 
Excess Reserves..............1,713  vs..........2,393 
Required Reserves (Adj).....39,863  vs.........41,646 
Required Reserves...........38,275  vs.........44,349 
Total Reserves..............39,988  vs.........46,742 
Non-Borrowed Reserves.......-1,389  vs.........11,435 
Monetary Base (Unadj)......833,994  vs........842,249

[skiracer]

I don't think it is as bad as it looks. today was a knee jerk reaction to a bad ISM report that is going to provide a number of good entries. I don't think the sky is falling in yet but I am going to let the markets show me what they want to do tomorrow before jumping into anything. Except for ZIXI, I am in cash in the trading account but looking for opportunities in either direction.

[IIC]

I don't think it is as bad as it looks. today was a knee jerk reaction to a bad ISM report that is going to provide a number of good entries. I don't think the sky is falling in yet but I am going to let the markets show me what they want to do tomorrow before jumping into anything. Except for ZIXI, I am in cash in the trading account but looking for opportunities in either direction.

We are getting ready for dinner...and my wife flips on Cramer...He is telling everyone that Banks are going to be leaders...I want to throw my shoe at the TV... ...Now he's talking about housing appreciating...Help...I gotta go eat...lol

I'm all cash myself.

[MEA_1956]

Poor Boy

They make buttons on a remote to make him go away, if they only made buttons to keep him away. Marlin