Lots of factors are going to continue to causes these fluctuations.

One cause is that many people have left the market with hugh losses and will probably not get back in until the market goes back up. Doesn't make sense, but it always works this way.

Stay away from companies losing money even if they are down 95%.

I have kept some cash and will buy companies like GE, HD, XOM, PFE, MSFT when they dip and then of course write calls against them.

I am also going to buy some more LUV if it hits $12. Unfortunately I bought 1000 shares at $18. Southwest is getting market share and it looks as if they have settled almost all of their labor issues.

Man,

I guess I should have bought in yesterday on MSFT. I think I could have done well.

I still think this market will just jump up and down for a few more months.

Dow currently at 8436 with a little over 2 hours to go. T Bone looking pretty good.

Dow closed Friday at 8427.20

T Bone the winner

Ben second

Lets get more players.

Try to submit by Sunday night if possible

Ben
I'm thinking positive assuming some terrorist doesn't toss an anniversary redux of some kind or our impending war with Iraq doesn't start.Put me down at 8750.
Putanero

up, down, up, down, up, down, up, down, up, down

good news, bad news, good news, bad news, good news, bad news

my portfolio is like a mexican stop light, all red to all green and back real quick.

jeez

9/11 is a wildcard plus Iraq war evidence is due

more players, we'll have to take out the 100 point rule, plus Ben gets two chances, the Kenguess and the Benguess

think I'll dump some money into PUSI Sat Night. It always provides a good ROI, plus I need a break from the Sunday afternoon routine. Who knows I might do both inspite of the losing week.

I'm not feeling optimistic about next week - 8400

need to get buzzed, laid, and drunk in that order real bad.

I'm feeling better just thinking about it :-)

Yeah Ldvee, you know how us republican, conservative guys always try to screw everybody, by changing the rules.

I am feeling better just thinking about you thinking about it. That is going to TJ and getting some sweet latina PUSI. Hope you get BL and D.

Good luck and good hunting.

Us high, democrat, liberal, guys love you drunk, republican, conservative guys because you make it so clear we're right.

BL and D?? Now we're talking code and us liberals are stoopid.

Powerslave, GFY, amigo.

Buzzed, Laid and Drunk. Your words.

Nice to see Democrats have short term memory loss just like us repubs.

Besides how do you know I am drunk?

Oh,I just realized it is after 8:00 P. M..

I am not as optimistic as some of you other horn dogs are. Since seeing Clinton off the tabloids and in the main stream news, I feel that something is just around the corner. I pray we make it past 09/11 without incident. But, Put me down for DOW 7950. What would a rally be without a bottom?

My question is what companies are the next in line for over 50% drop in their current market price? Since seeing Fleming turn into Flem"ron", I am not too sure about the state of affairs of business. All this negativity even after visiting Ejecutivo on Friday!

I think the defense stocks are interesting. Rayteon, General Dynamics, Lockheed Martin, etc. Some of these have gone way up, but dropped off somewhat lately. I don't think you will see a 50% drop in these companies.

Also some of the oil companies are cheap. My favorite is Exxon Mobil(XOM). It may not go up to much this year, but I would doubt it will lose much value this year. Good long term investment unless you think oil prices are going back down below $25.

Afraid I was drunk myself. Friday night blowout after a difficult week at work. Self medication.

Saturday night in the fun zone, so mission accomplished....Sunday football??? Sounds good.

Oil stocks? I own some CVX (ChevronTexaco).

http://finance.yahoo.com/q?s=CVX&d=c&k=c1&c=xom,^dji&a=v&p=s&t=3m&l=on&z=m&q=l

Dow picks for Friday Sept. 14

Ldvee- I'm not feeling optimistic about next week - 8400

Sam- I pray we make it past 09/11 without incident. But, Put me down for DOW 7950. What would a rally be without a bottom?

Putanero-.Put me down at 8750.

I will see if Kendricks wants to guess this week

Ben- 7850

Ldvee,

CVX pays a nice dividend and as soon it write down its merger cost(I think that is over, but not sure) and stays away from investing in companies like Dynergy, it should do well.

Dow picks for Friday Sept. 14

Ldvee- I'm not feeling optimistic about next week - 8400

Sam- I pray we make it past 09/11 without incident. But, Put me down for DOW 7950. What would a rally be without a bottom?

Putanero-.Put me down at 8750.

Kendricks- I'll go for 8550. Thanks.


Ben- 7850

Will the market got hit pretty hard today.

Quite frankly that is not bad for me, as I had already agreed to sell GE at $25 by next Friday(now selling at $28).

I had sold calls on AIG at $65 and I will probably get to keep the stock as it closed at $59.19 today and my cost is $70 for the stock. On August 16th someone paid me $1445 for the right to buy 500 shares of AIG at $65. They sure as hell are not going to buy it from me when it is selling in the open market At $59 and change.

I sold Qualcom 32 1/2 calls for $495 on August 20th and those calls will probably expire worthless next week(Good for me).

Sold 15 Sept 30 Calls on NYCB for $2,420 on Aug 8th and now stock is down below $28. If it stays below $30 through next Friday I will get to keep the stock and of course I get to keep the money no matter what happens.

Who says the market has to go up to make money.

Now if only Southwest Air would start going up. I bought it a few months ago at $18 and it is now at $13.80. Crazy thing is I was to greedy and should have sold options on LUV the day I bought it.

Ben is thinking about holding investment seminars every Sunday morning at Hotel Pueblo Amigo (Caliente Room) for Hombres that would like to retire.

I like and own a stock called New York Community Bankcorp (NYCB). It is down about $4 over the past month. Any body have any thoughts on bank stocks?

Still 3 hours left before the market close, but it looks like Ldvee is going to be the winner. Not even a terrorist hoax in Florida (Floriduh) can get me close.

Ben, this is way off-topic

I've been dealing with some bullshit general anxiety that I'm prone to, a defect I guess, and I just happened across this old post by Kendricks, he was talking to me:

"Dude, what other meaning is there? In the not too distant future, you, me, and everyone we know will be dead and forgotten.

Of course, most philosophers thorughout the ages have shunned and feared the inevitable conclusion of nihilism, but I embrace it. Once the delusion of some type of meaning in life is abandoned, all sorts of possibilities for life arise. I have never been happier than since I stopped living for some imaginary higher purpose, and started living just for the sake of fucking living.

Just my two pesos, carnal . . ."

Would you thank him for me, seriously, snapped me out it.

I will email Kendricks you post.

Who wins the stock market contest if nobody enters? Kendricks?

A beleated 8,450

Ok I will pick 8200.

OK i will pick 8550

I tell you this war talk really gets me upset, high anxiety for many reasons, one of them being how it screws up the market where a lot of my money is. Saddam is a cagey guy and although I'm suspicious of his latest offer, just maybe war will not be necessary. In line with those hopes, and the passing of the 9/11 anniversary, and because this is a late entry, I'm going for it.

DOW 9000

Ldvee DOW 9000

Putanero OK i will pick 8550

Ben Ok I will pick 8200.

T bone A beleated 8,450

Kendricks I'll be optimistic and go for 8550 for a Dow pick. We will make Kendricks 8650 as Putanero put his pick in two hours before kendricks, 100 point rule in effect.

DOW 7950
I am still not too optimistic. I won't be optimistic until the Peso falls to 9.0/$1.00 and the fructose tax is eliminated

Ldvee DOW 9000

Putanero OK i will pick 8550

Ben Ok I will pick 8200.

T bone A beleated 8,450

Kendricks I'll be optimistic and go for 8550 for a Dow pick. We will make Kendricks 8650 as Putanero put his pick in two hours before kendricks, 100 point rule in effect.

Sam aka Dogster aka Superman DOW 7950 (Sam posted 3 hours after the market opened on Tuesday so therefore he gets a 100 point handicap "penalty" on his guess. New rule I just thought up.

Fucking stock market, it's getting to the point where I break out the Zoloft.

watch out belooooow

man-oh-man

oh well, I did make $900 bucks in three weeks on my 10k SURE gamble, covered my whoring costs. Don't know if I'll try that one again, it's getting low again.

The friggin dow futures had raised 205 points after the market closed when i made my pick.I wasn't feeling nearly as optimistic when it flushed all that and more away in a short period after the next morning's opening.
The way it raised when the news came out that Sadam was allowing inspectors in tells me people are just looking for a reason to get in and those who did at that point in the after market futures were spanked when it was later learned that unconditionally means Iraqs military bases only.
Putanero

I think Hussien will juggle the U.N and the U.S. back and forth and eventually inspectors will be allowed into Iraq. No war in my opinion, at least I hope not.

On the other hand, it sure would be a boost for my Exxon Mobil stock if we had a war in the middle east....Just kidding!!!

Oil prices are near $30 a barrel right now and normally it would move the oil stocks up, but because the market doesn't believe there will be a war and because of poor earnings last year, oil company stocks are going down and side ways for the most part.

I would like to see Hussien's head on a stake placed in New York facing the WTC site.

benthepacifist

The bummer is that the market is afraid of war, so the market drops on news of war. Then, because the economy sucks, Bush tries to change the subject by talking about war. So, on the news that Bush is again talking about war, the market drops. When the market drops, the economy gets worse. So, Bush has to change the subject by talking about war.

Anyone see a pattern here?

Unfortunately Presidents have very little to do with the markets ups and downs.

Maybe so Ben but they suffer or gain based on the market and the overall economy. If Bush and his team don't get off this war band waggon and show some interest in the lackadaisical economy they will be stricky a one term group. Most people really don't understand or believe the necessity of attacking Iraq but they have no problem relating to their pocket book.

Tell me what Bush needs to do to get our economy on the right track?

The reason our economy was cooking in the mid- ninties was mainly because of huge profits from the stock market which created enormous tax revenue and technology inovation created an incredible amount of good paying jobs, which also created tax revenue.

Now the market has lost trillions and we have over capacity in technology.

Please tell me what Bush, Daschle, Chaney, Gray Davis, Bill Simon, etc. can do to get things ramped up?

Lower interest rates? Doing that.

Tax cuts, doing that except Dems want to get rid of tax cuts except fot the poor. Hell thay are not paying significant taxes anyway.

One thing I agree with is that Bush may be a one term Pres.

Watching TV this AM and due to the Tel Aviv bombing there are a few Israelis being interviewed. All have mentioned that Saddam must go.

Looks like the war is on, if so, let's hope it's quick and effective and the news gets back to blowjobs in the Oval Office. I think the last time war was good for the economy was WWII.

I am interested in buying some defense stocks.

I owned Lockheed(LMT) and sold at a decent profit when it hit $50(damit).

Problem with defense stocks right now is they look so expensive, but you sorta figure they are going to be very busy for the next few years.

What does anybody else think and what defense stocks would you buy right now, if at all?

Lately they have dropped back a little.

Even with a 100 point handicap Sam is winning the Dow pick.

If I win, I will shave off my beard in protest.

Why would you protest winning?

Holy Shit!!

Market down almost 3% today. Dow down 230 points to 7942 and Nasdaq down to 1216.

Ben:

I think the Dow could go to 64, and you be telling us how much $$ you made during the slide. The bummer is, it would probably be a true story.

I'm sure that you are probably screwing chicas with MY money that I lost in the market. Even worse, you are overpaying them with MY money!

It's fucking incredible isn't it? And to top it off looks like there are going to be substantial lay-offs where I work, I'd rather not say where. Man I hope this middle-aged, middle manager makes the cut. I've been working 24 years straight. I can't imagine no more chica money or looking for another job in this market.

Yikes

Times are tough.

It's gettin all fucked up by golly.

Defense stocks? Who knows, the way I'm feeling I'm keeping the cash I have.

Ok, here is a good example of how to make money in a down market.

Now I have some stocks that are down. Southwest and Baxter Internanational in particular, but I have off setting profits from muni bonds and some stocks.

Options Account
Home Depot
Price
Date Description Price Per Share

8-14-02 Bought 500 Shares HD $14,325.00 $28.65

8-20-22 Sold 5 Sept. 32 1/2 Calls ($945.00) ($1.89)

8-20-02 Net Cost Per Share $13,380.00 $26.76








If Shares Are Called on Sept. 20, 2002

Net Profit From Stock $1,675.00
Net Profit From Options and Dividends $945.00
Net Profit $2,620.00
Percent Return 36 Days 19.58%
Annual Percent Return 195.81%

Ok the stock is down to $32.21 today. If it closes tomorrow below $32.50 it will not be sold and I will sell the October $30 calls for $3.10 a share, which means I will receive approx. $1500 and lower my risk of owning the stock to approx. $23.76.

If it gets sold for $30 in October, I make over $6.00 a share($3,000) but more important to me my down side protection is my break even if it goes down to $23.76.

Ben, amigo, I know you're trying to teach ole Ldvee, thanks I'll figure it out.

Am I wrong or is F, GE, CSCO, INTC at or near their 52 week lows??

Is it not the time to buy, or what?

Man,

If only I knew the answer, but I would say that I still don't see the light at the end of the tunnel.

Oh, I forgot to mention, traditionally this is the worst time of the year for stocks until usually November and the holiday season starts.

I bought GE in late July(2 different times) at a little over $25 and $27 and sold options. In August 500 shares was assigned/taken away from me at $25. Lost on the stock, but had a net profit of $1100 :

If Shares Are Called on Aug 16, 2002

Net Profit From Stock ($1,491.00)
Net Profit From Options and Dividends $2,595.00
Net Profit $1,104.00
Percent Return 20 Days 4.85%
Annual Percent Return 87.25%

If GE hits $25 I will buy again.

I also have some GE that will be called/sold today at $25 and again will lose money on the stock, but make up the difference and a profit on the options I sold:

If Shares Are Called on September 20, 2002

Net Profit From Stock ($395.00)
Net Profit From Options and Dividends $1,095.00
Net Profit $700.00
Percent Return 56 Days 6.02%
Annual Percent Return 38.69%

As I type the Dow futures are at a hefty 50 point discount while the QQQ's or technology stock index futures are showing a little bit of premium.mixed signals indeed.What do you feel next week has in store guys?
Putanero

Nothing like losing 3.5% in one week, what fun! Ben, don't do the APR.

DOW 8000

Ah, it's going to be la zona kinda Sunday.

Ben, don't do the APR.

I don't understand what you are asking me not to do.

Please expand on your statement.

Dow 7750

Oh, I was just kidding - don't figure out how many weeks it takes to lose it all at -3.5% per week. Of course, Xeno's paradox would prevent it from getting to zero.