Yeah Dick,

Thanks for the advice.

I can see how astute you are regarding investing.

My Sure invesment was more or less a lark and I never invested in WEL and never recomended WEL, except to someone who wanted to take a "gamble". I do agree that WEL is not something to unvest in for the long term.

Since you are better than the professional money managers, please tell me specifically three stocks I should invest in today?

It was REGN that I was down on. Since it was a covered call trade, I had some downside protection, and didn't take the full 70% hit. I'm hoping for it to rise to a level where I can start writing options against it again. I had a bigger percentage of my account riding on it than I should have, though.

I really like SKX at these levels - it is a company that makes quality shoes (I'm wearing some right now, in fact) that has taken a hard long slide down to approximately its book value - and looks like it is in the early stages of reversing the downtrend.

I'm thinking of getting in around where it is now (6.75), and maybe selling some May 7.50 out of the money calls to lower my entry risk.

Kendricks, did anyone just tell you to buy SKX?
If so he or she may be lying to you to artificially keep SKX prices from dropping too much, at your cost.

Listen to Dick Johnson.

The scums at SKX used the oldest trick in the book!

SKX :

LOS ANGELES, /PRNewswire/
Wednesday, April 2, 2003 05:58 PM ET
-- Notice is hereby given that Glancy & Binkow LLP commenced a Class Action lawsuit in the United States District Court for the Central District of California on behalf of a class (the "Class") consisting of all persons who purchased securities of Skechers USA, Inc. ("Skechers" or the "Company") (NYSE: SKX, news) between April 3, 2002 and December 9, 2002, inclusive (the "Class Period").

The Complaint charges Skechers and certain of its executive officers with violations of federal securities laws. Among other things, plaintiff claims that defendants' material omissions and the dissemination of materially false and misleading statements concerning Skechers' revenue and earnings caused Skechers' stock price to become artificially inflated, inflicting damages on investors. Skechers designs and markets branded contemporary casual, active, rugged and lifestyle footwear for men, women and children in more than 100 countries. The complaint alleges that, starting in 2002, Skechers began assuming the role of distributor of its products in several international markets including Spain, Italy, Portugal, the Benelux region and Austria. Unencumbered by a third-party distributor, Sketchers was able to increase its profit margin on sales without moving any additional inventory. Although temporarily enjoying increased profits, Skechers' overall merchandise sales ultimately began to slow and the Company was forced to significantly reduce earnings accordingly. The market, unprepared for the temporary effect Skechers' distributor role would have on its earnings, was stunned when the Company, after having posted record revenue in first- and second-quarter 2002, began revising its earnings and ultimately recorded a loss. Moreover, while Skechers stock was soaring as a result of the market's favorable reaction to the increased profits, individual defendants who knew the truth about the Company's long-term outlook sold substantial personal holdings in the Company and reaped more than $42 million of profits from stock sales during the Class Period.

SAN DIEGO--(BUSINESS WIRE)--April 2, 2003--Milberg Weiss today announced that a class action has been commenced in the United States District Court for the Central District of California on behalf of purchasers of Skechers U.S.A. Inc. ("Skechers U.S.A.") (NYSE: SKX, news) publicly traded securities during the period between April 3, 2002 and Dec. 9, 2002 (the "Class Period").

The complaint charges Skechers U.S.A. and certain of its officers and directors with violations of the Securities Exchange Act of 1934.

On April 3, 2002, Skechers U.S.A. announced that its first quarter results would exceed analyst estimates by 25%. These projections, sent the Company's shares to above $22 per share. The Company soon completed a $90 million convertible note offering. Within months, the individual defendants sold more than 1.5 million shares of their Skechers stock. Then on Dec. 9, 2002, the defendants announced that the Company would fall materially short of hitting its forecasted projections. On this news, the Company's shares plunged to $7 from $12.

The true facts that were known by each of the defendants, but concealed from the investing public during the Class Period, were as follows: (a) The Company's sales had been accelerated by assuming the role of distributor which would lend to a decline in later quarters; (b) Defendants had known during the Class Period that future sales would be disappointing due to the early lead time on orders from customers. As a result of the defendants' false statements, Skechers U.S.A.'s stock traded at inflated prices during the Class Period, increasing to as high as $23.84 on April 24, 2002, whereby the Company's top officers and directors sold more than 1.5 million of their own shares of Skechers stock.

Plaintiff seeks to recover damages on behalf of all purchasers of Skechers U.S.A. publicly traded securities during the Class Period (the "Class"). The plaintiff is represented by Milberg Weiss Bershad Hynes & Lerach LLP, who has expertise in prosecuting investor class actions and extensive experience in actions involving financial fraud.

Milberg Weiss Bershad Hynes & Lerach LLP, a 190-lawyer firm with offices in New York, San Diego, San Francisco, Los Angeles, Boca Raton, Seattle and Philadelphia, is active in major litigations pending in federal and state courts throughout the United States. Milberg Weiss has taken a leading role in many important actions on behalf of defrauded investors, consumers, and companies, as well as victims of World War II and other human rights violations, and has been responsible for more than $30 billion in aggregate recoveries.

I have about 9500 shares of SURE @ 4.60 or so another 1500 @ 3.10 mas o menos. I traded it successfully from 2 to 4 and then decided to go long, and it's been bad news since. This is really a tough call for me, I really don't know what to do. A&P (once the largest grocer in the US) and still big in the Northeast and Midwest just announced they are carrying it. Many, many others have in the past 6 months. They are selling what they put on the shelves. Walmart has a test market going, Dairy Queen is expanding the product nationwide. Why, you may ask are the retailers carrying this? Because it is a fact that the industrial scale processing of ground beef can/will lead to some food poisoning disasters. The people in the meat business know it as do their insurers. One batch of bad meat gets mixed into megapounds of meat. Recently there has been some million+ pound recalls because of the virulent strain of e-coli.

The Surebeam process does in fact eliminate this problem.

Your argument that more people die from other things so why worry about this problem is totally bogus. Like in nonsense. Don't mean to insult, but think about it.

I know Surebeam is a gamble. ALL my other stocks (20 different companies) are profitable big blue chip companies and the portfolio is diversified over many sectors, thanks to my hired hand.

SURE is a small percentage, but I promised myself I would spend the profits on whores, travel, and excessive creature comforts.

AND I WANT THE FUCKING STOCK TO GO UP!!!

Ben,

re: the favorite puta

Yeah, she is a pro. My Kamala. Talked to her this AM on the phone and told her that I'm sick, la gripa, which is true, and that that the weekly high rent rendevous is in question "oh pobre ldvee, I make you feel better"

"Well baby, Tio Sam is knocking on my door, and I have the April 15 blues, double wammy, quarterly and annual, so I'll call mas tarde.

It IS a good life tho, pero

I don't like April.

I'm not looking at SKX due to anyone's recommendation; I have been following it through its decline. It is selling for below book value, and is finding support. The class action suits ahve been in the news, and are priced into the stock at its current oversold levels.
By taking a small position and selling the 7.5 calls, a very reasonable entry position can be established. I think I'm going to pull the trigger on this one in the morning.

Kendricks good luck.

ldvee, you don't even understand what I'm talking about and you say my argument is bogus. I did not say just because there are so few deaths a year from e coli poisoning then there is nothing to worry about. What I'm saying is I'll take the risk versus having me and my kids eat 50-60 years of irradiated food.

The damn food has to be not properly cooked for you to get e coli. And even after irradiation if it is not properly handled or stored you can still get food poisoning. You think we know everything just because it is 2003? Every ten years scientists discover how we fucked up the decades before. In 2050 the people will say in 2003 people made many mistakes. Like we now say asbestos causing lung cancer, playground wood preservatives causing cancer, toxic indoor pollution from molds... Americans turning into pigs etc.

Of course the big meat processing plants and their insurers wants to irradiate meat. Cuz the whole damn place is a pain to clean. It's just another way to sqash the little companies. Have you ever driven by a meat processing plant? I drove by Farmer John and it stinks up the whole neighbourhood.

Ben, I'm not recommending any stocks at this moment because I'm not playing with stocks right now. If I do trade again I'll keep you guys in mind. There are a couple of companies that haven't gone public that I'm keeping an eye on. Although generally I do not believe in IPOs.

I'm outta here cuz I'm not trading now and this is just taking up my time.

Remember there's always real estate.

Dickjohnson,

It is easy to second guess everybody after the fact. You come across as some stock expert with your advice and statement of not needing professional money management, yet you have never put it on the line by suggesting a specific stock. People like Warren Buffett have lost money on their own stock over the last year and it is a very difficult markey. I have seen people like you in the past who smugly suggest that they know how to make money, but again never give specifics, unless it is past history.

Oh another thing, many of us have made money on real estate over the past 30 years and allot of money in the past 5 years in southern CA, but it hardly makes us experts.


Like I said give me three stocks to buy.

DICK!!

you said

"How many people die from salmonella or e coli every year? A lot less then the number of people that got run over by semis. And 10,000 times less then the number of people who died of smoking or heart diseases."

The implication is food poisoning is unimportant. That is the bogus argument!!

As far as safety goes, if you choose not to believe the experts, that's your option.

Are you using a microwave?? You better wait another 20 years just to be sure.

Don't go away, this is mental masterbation, nothing more.

SKX - I had a few grand lying around not doing anything, so I bought 400 shares at 6.79, sold 4 May 7.5 calls for .3.

I really like this trade, and would have liked to put more on it, but most of my funds are tied up at the moment, and a small position is still better than no position at all. Despite the class action suits, I expect to see this one climb off its current lows.

So any of you looking at High Yield bonds or open end High Yeild Bond Funds? Curious at your thoughts....

Ben... My take is BHYAX --- just a guess just a thought... but i like to put myself out there... ha ha ha (not like others... I read, hear and study)

You all have a good weekend...

TGK

Not a bad choice.

I like bond funds, but mostly invest in closed end CA muni bond funds. MYC, MCA. PCA and some of Nuveen's closed end funds.

I have had a nice run over the last three years on these type of bond funds, but think the party might be over. Our consumer confidence is at a ten year low and usually the next year after such a low index we have a market rally of at least 10-15% and bonds get trashed.

"Our consumer confidence is at a ten year low and usually the next year after such a low index we have a market rally of at least 10-15%"

that would be nice seeing that in the last the 12 months we're down 20%

We're back to where we were 5 years ago.

I suppose a record bear is to be expected after a record bull.

Think we'll see this roller coaster ride again in the next 10 years?

I'm pretty convinced that the bull was largely due to the technological innovation of the Internet and that was around for a while, but what really set it off was when Marc Andreessen, a student at the U of Illinois wrote the code for the first browser and the University distributed it for free.

BAM, the dot com bubble.

Wait a minute, I know what the next technological revolution is - electrocuted ground up dead cow parts!!!

Man, I'm going to be rich! $^)

AND THE WINNER IS:

T_Bone big winner

Ben big loser.

Ben picks 8100 for next week

7901 for next week. Go REGN.

Kendricks, I love Bush, now stop with the "01" business, what are ya, a smart guy?

Machts nicht, 8400 guys.

Puta withdrawal, first weekend I've missed since September, and that month I only missed one.

Intentionally backing of. Not sure, oops strike that word, certain why. Actually the fave relationship is getting a little out of hand, I thinking for some mysterious reason that I want a real girlfriend, and she's looking for a new car. Dangerous combo.

Probably due to the Hawaii trip, I'll get over it.

Looks like it will be a good day.

Ben says 8500

T_Bone sez,

"I think I've won five in a row (having said that it will end now). Ben will win this week."

Dow 8292

Electorcuted dead cow parts SURE are sucking ass today. Once SURE drops below 1, I might even buy some, looking for a quick bounce.

Ben, you already picked 8100. No changing.

Ldvee Machts nicht, 8400 guys.

T_Bone sez,

"I think I've won five in a row (having said that it will end now). Ben will win this week."

Dow 8292

Ben picks 8100 for next week

7901 for next week. Go REGN.

Kendricks, it's "electrocuted" not "Electorcuted", get it straight will ya, smart guy!!

Que lastima, another downgrade. Friends in the know are buying more, even after the ugly 10K, so I'm hanging in.

War in the middle east and SARS in SE Asia are being blamed for the deals that are delayed. All SURE employees in those areas were called home. SUPPOSEDLY the deals (system sales, $5 mil each) are still in the works. These linear accelerators are complicated gizmos and SURE employees have to be on site to get them up and running.

Whatever, never said it was a certain thing.

TJ dreamin' might make a Wed night run, afterall, it is hump day. La gripa is subsiding.

Actually, you DID say it was a SURE thing.

yeah but I never said it was a certain thing ;-)

I suppose you believed me anyway.

this is not fun, I also said it's a gamble and currently I'm way on the losing end of the bet

but, I think it is a good, innovative technology, and if it goes, SURE is first to the market with it

we'll see.....

If you guys want to make back the money you lost on SURE, take a look at PRCP. It has been beaten down below book value, and is breaking out of its base.

SURE had a good time in TJ yesterday.

My fifth time with my little teenager.

What does this post have to do with the stock market? She just keeps on going up and down.

Like SURE (and REGN), she also brutally fucks you, and then takes money which will never be returned.

Kendricks, I'm enjoying your posts on the yahoo SURE message board, well actually I'm enjoying the replies more.

I know it's not worth the time but it would be fun if you became the board's biggest basher. I don't usually post to that board, but maybe I'll become the protagonist to your antagonism. Ben you could join in as the wise (and virile) elder who an out of control fetish for pubescent equities.

LOL! Did you like the one about how God is punishing those who are long SURE, because he hates electrocuted meat? I can't even think about that post without busting up laughing!

"Ben you could join in as the wise (and virile) elder who an out of control fetish for pubescent equities."

It is true that I like initial public offerings.

Actually there is a Public Citizen opponent who made a similar arguement, but he was serious, you know, something like bacteria are God's creation so we shouldn't kill them.

His name is Mark Worth. Do a google search for

Mark Worth food irradiation

you'll get plenty of ammunition for your basher strong sell position. It's all drivel but some of it is phrased in a convincing fashion.

The strong buy guys will go crazy.

Main Entry: pu·bes·cent
Pronunciation: -s&nt
Function: adjective
Etymology: Latin pubescent-, pubescens, present participle of pubescere to reach puberty, become covered as with hair, from pubes
Date: 1646
1 a : arriving at or having reached puberty b : of or relating to puberty
2 : covered with fine soft short hairs -- compare VILLOUS
------------------------------

"covered with fine soft short hairs"

mmmmmmmmmm, may be just what I need to solve my current fave hassle. Think I'll name her Ipo.

Ha ha! I'll do that when I get some free time later today.

God damn, the Internet is fun. What did we ever do without it?

IPO's are good, but they are typical worth less than their initial price a year after going public.

I will check the message board for SURE.

HAHAHA!!!

jdk00,

You are evil.

You are too fuckin much.

Ken,

You're going down a path that's tough to respond to but I like it, religious convictions.

Maybe I'll create a Rev Elldee login and try to match religious wits

but for know I have to go to work to make some Puta money. SURE not going to get it any other way. ;-(

Fuck me, I need to chill out a little. I am sitting here in my office fucking laughing my ass off!!!

Just responded to Kendricks SURE post on Yahoo.

Snot on my computer.

kendricks,

Por favor, ALTO!!

I have tears running down my cheeks.

I have to go work out so i will be able to work out next Monday in TJ with my new little sweetie.

Really keep up the good work. Many are still ignoring you on Yahoo. I did throw out some bait regarding war protestors are traitors. You can now take the other side.

Ben, I don't think anyone has ever called me a silly religious nut before! This really is too much fun. I can't thank Ldvee enough for turning me on to that board!

LSHIBSAOTM!!!!

LSHIBSAOTM!!!!

Yo tambien...

Ah, it just keeps getting funnier and funnier! What a freaking riot. You gonna join in some more, Ben?

JNIC is another great looking low priced stock that looks like it is taking off.

Kendricks,

You ought to be ashamed of yourself.

Go with God.

I am ashamed, Ben. Forgive me Father, for I have sinned....

hahahaha, just read yahoo

hey man, it's because of you I'm losing money

I've created a monster

if you're going to keep it up, throw in some Hindu religious trash about pure food, they're really into it, the sacred cow. Attribute it to Christian scriptures, nobody well ever now, just change the Hindu names to Jewish names, it's all the same shit.