Bradford86 (9:36:00 PM): hey.
Writer0224 (9:36:07 PM): hey
Bradford86 (9:36:27 PM): 2 things, one of which doesnt relate to stocks or girls
Writer0224 (9:36:35 PM): ok
Bradford86 (9:36:38 PM): 1, mazen got a great idea
Bradford86 (9:36:43 PM): we are juicing our own orange juice
Writer0224 (9:36:52 PM): that is a great idea
Bradford86 (9:36:52 PM): so, every day fresh squeezed
Bradford86 (9:37:12 PM): 2, i'm running some numbers on aob.
Writer0224 (9:37:15 PM): best stuff as long as you ahve time for it    has pulp tho
Bradford86 (9:37:23 PM): yep.
Bradford86 (9:37:27 PM): that's the best part.
Writer0224 (9:37:43 PM): thought you hated pulp
Bradford86 (9:37:45 PM): but, i'm learning significantly more about the market as time goes on.
Bradford86 (9:37:50 PM): nah, pulp is fine
Bradford86 (9:37:54 PM): that was a kid thing
Writer0224 (9:38:01 PM): ok
Writer0224 (9:38:58 PM): so what about aob?
Bradford86 (9:39:13 PM): i'm running numbers.
Writer0224 (9:39:23 PM): ok
Bradford86 (9:39:24 PM): but, i'm trying to be a lot lot more picky about my stocks
Bradford86 (9:39:30 PM): but, it's way oversold in the past 3 days it looks like
Writer0224 (9:39:47 PM): meaning it is way down?
Bradford86 (9:39:53 PM): from like 7.4 to 4.7
Writer0224 (9:40:09 PM): do you own a bunch of it?
Bradford86 (9:41:03 PM): i own 2010 and 2011 calls
Writer0224 (9:41:32 PM): at what price?
Bradford86 (9:43:13 PM): 7.5 and 10
Writer0224 (9:43:31 PM): ok
Writer0224 (9:43:44 PM): so why has aob fallen?
Bradford86 (9:44:04 PM): there's a few issues that i need to look into closely, one of which is at 7.5 they have 12.5MM shares exercisable
Bradford86 (9:44:19 PM): i need to look into organic growth rates
Writer0224 (9:44:29 PM): whatever that means
Bradford86 (9:46:24 PM): well
Bradford86 (9:46:37 PM): it means that is it growing only through acquisitions
Bradford86 (9:46:43 PM): or is it growing on its own as well?
Writer0224 (9:46:50 PM): call em up
Bradford86 (9:47:08 PM): i can just read their company quarterlies
Writer0224 (9:49:47 PM): ok
Writer0224 (9:49:52 PM): any good classes?
Bradford86 (9:51:44 PM): uh.
Bradford86 (9:52:13 PM): yeah, i suppose
Bradford86 (9:52:20 PM): hard to say.
Bradford86 (9:52:34 PM): it's all just re-learning
Writer0224 (9:52:42 PM): oh well  at least you have fresh squeezed orange juice
Bradford86 (9:52:43 PM): and continuous improvement.
Writer0224 (9:53:30 PM): yep
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Bradford86 (11:07:54 PM): hey
Writer0224 (11:07:59 PM): hey
Writer0224 (11:08:06 PM): i made a big mistake again
Bradford86 (11:08:10 PM): what?
Writer0224 (11:08:18 PM): should have sold at 9,000
Bradford86 (11:08:19 PM): apple?
Bradford86 (11:08:20 PM): haha
Writer0224 (11:08:25 PM): now im stuck in free fall
Writer0224 (11:08:29 PM): apple has 5 years
Bradford86 (11:08:33 PM): i'm trying to figure this out
Writer0224 (11:08:40 PM): it is actually a good buy this time
Bradford86 (11:08:45 PM): yes. it is
Bradford86 (11:08:57 PM): i'm also really bullish on cedc
Bradford86 (11:09:07 PM): i was looking at it wrong
Writer0224 (11:09:18 PM): i see you bought some
Bradford86 (11:09:21 PM): yep.
Writer0224 (11:09:28 PM): well we need a market rally
Bradford86 (11:09:35 PM): i'm trying to sell my stocks that are rallying
Writer0224 (11:09:36 PM): no questions asked
Bradford86 (11:09:39 PM): and buy oversold ones
Bradford86 (11:09:46 PM): i'm using technical analysis to do it.
Writer0224 (11:09:49 PM): are you sellg positive ones?
Bradford86 (11:09:59 PM): so today, KCI and VSEC were coming down from being overbought
Writer0224 (11:10:00 PM): i ahvent looked at my portfolio for a while
Bradford86 (11:10:02 PM): so i dumped them
Bradford86 (11:10:07 PM): and i bought AOB
Bradford86 (11:10:14 PM): which is way oversold
Bradford86 (11:10:18 PM): and i bought CEDC
Writer0224 (11:10:19 PM): how is the chinese building one doing?
Bradford86 (11:10:22 PM): xin?
Bradford86 (11:10:24 PM): or ghii?
Writer0224 (11:10:26 PM): yes
Bradford86 (11:10:26 PM): xin sucked
Writer0224 (11:10:27 PM): both
Bradford86 (11:10:29 PM): i sold some of that too
Writer0224 (11:10:35 PM): back down to 2?
Bradford86 (11:10:35 PM): ghii isn't going to move with the market
Bradford86 (11:10:53 PM): i'm selling when the stocks are overbought
Bradford86 (11:10:55 PM): that's the game.
Bradford86 (11:11:03 PM): and i'm only buying oversold ones
Bradford86 (11:11:13 PM): new rules i'm obiding by.
Writer0224 (11:11:34 PM): apple would be a good buy early tomorrow
Bradford86 (11:11:37 PM): i agree.
Bradford86 (11:11:43 PM): have mom by CEDC and apple
Writer0224 (11:11:49 PM): jobs isnt the only creative one
Bradford86 (11:11:52 PM): have her drop $5000 on each.
Bradford86 (11:11:58 PM): and have her do her shifty price thing
Bradford86 (11:12:06 PM): have her throw in her $0.50 cent discount thing she does
Writer0224 (11:12:10 PM): did she ever buy the dow?
Bradford86 (11:12:21 PM): i dunno, she'll get it tomorrow if her orders open
Writer0224 (11:12:25 PM): you tell her tomorrow
Bradford86 (11:12:25 PM): hang seng is falling like a rock
Writer0224 (11:12:32 PM): i see that
Writer0224 (11:12:39 PM): for no good reason
Bradford86 (11:12:44 PM): well..
Bradford86 (11:12:50 PM): the reason is we fell
Bradford86 (11:12:53 PM): so they falll
Writer0224 (11:12:53 PM): we may see it shoot past 8000 tomorrow
Bradford86 (11:13:00 PM): i think we probably will.
Writer0224 (11:13:16 PM): if it blasts past itm th next support is 7500 (my guess)
Bradford86 (11:13:25 PM): well.
Writer0224 (11:13:31 PM): so why not wait until noon and see what bargains pop up?
Bradford86 (11:13:57 PM): i agree.
Writer0224 (11:14:23 PM): ill look at the pre market and see  but apple has dropped off the table because of jobs
Writer0224 (11:14:28 PM): and it isnt warranted
Writer0224 (11:14:56 PM): i cant beleive the retail figures impacted this dramatically....everyone knew they would suck
Writer0224 (11:15:04 PM): 8000 is the key
Bradford86 (11:16:40 PM): i noticed the apple thing
Writer0224 (11:17:00 PM): well it made headlines
Bradford86 (11:17:19 PM): as big companies always do when their CEO goes through menopause and is a man
Writer0224 (11:17:33 PM): yep
Writer0224 (11:17:39 PM): so it is a good buy
Writer0224 (11:17:44 PM): 7600 buys 100 shares
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Bradford86 (5:26:13 PM): hey.
Writer0224 (5:26:20 PM): hey
Bradford86 (5:26:24 PM): do you know if the markets are open monday?
Writer0224 (5:26:40 PM): i dont know    google it
Bradford86 (5:26:56 PM): anyway, found another company
Writer0224 (5:27:19 PM): is this one in antartica?
Bradford86 (5:27:24 PM): yes
Bradford86 (5:27:31 PM): it manufactures ice blocks
Writer0224 (5:27:37 PM): sounds possible
Bradford86 (5:27:40 PM): and sells them to africans
Bradford86 (5:27:56 PM): actually, it's a noodle company in china
Bradford86 (5:28:01 PM): if i bought the company.
Bradford86 (5:28:08 PM): used the cash to pay the liabilities
Bradford86 (5:28:11 PM): i'd make money
Bradford86 (5:28:18 PM): not to mention liquidating the assets
Writer0224 (5:28:28 PM): well im dealing with julie now
Bradford86 (5:28:39 PM): managment 200?
Writer0224 (5:28:46 PM): email the link to the company
Writer0224 (5:28:48 PM): yep
Bradford86 (5:29:10 PM): nwd
Bradford86 (5:29:35 PM): their website went down january 12th
Writer0224 (5:29:57 PM): what is her email address?
Bradford86 (5:30:05 PM): jlb111489@aol.com
Bradford86 (5:30:11 PM): and jlbradfo@purdue.edu
Bradford86 (5:35:22 PM): but
Bradford86 (5:35:32 PM): i have developed new criteria to buy a stock
Bradford86 (5:35:47 PM): in order to minimize losses
Bradford86 (5:36:09 PM): this one meets them all but one
Writer0224 (5:38:16 PM): ok
Writer0224 (5:38:27 PM): let me help julie
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Bradford86 (3:10:04 PM): sounds like you successfully helped julie
Writer0224 (3:10:10 PM): yep
Writer0224 (3:10:33 PM): so what is the name of the stock?
Bradford86 (3:10:37 PM): ticker is nwd
Bradford86 (3:10:55 PM): i plan on buying some in your account tuesday.
Bradford86 (3:11:21 PM): i'm not publishing my article on this one till i personally own it.
Writer0224 (3:11:33 PM): a penny stock  ouch
Bradford86 (3:11:46 PM): i just sent you the link
Bradford86 (3:11:48 PM): i mean
Bradford86 (3:11:54 PM): what i'm submitting.
Bradford86 (3:12:29 PM): or my "justification"
Bradford86 (3:12:30 PM): if you will
Writer0224 (3:13:17 PM): so why is it headed down?
Bradford86 (3:13:33 PM): well.
Bradford86 (3:13:42 PM): what are people afraid of.
Bradford86 (3:13:44 PM): 1. china
Bradford86 (3:13:48 PM): 2. penny stocks
Bradford86 (3:13:50 PM): this one is both
Writer0224 (3:14:19 PM): yep
Writer0224 (3:14:29 PM): but it has fallen 90 percent in less than a year
Bradford86 (3:14:58 PM): it's fallen more than that
Bradford86 (3:15:08 PM): 95% probably
Bradford86 (3:15:29 PM): well, i guess your right
Bradford86 (3:15:54 PM): it's selling at less than 50% of liquidation value
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Bradford86 (3:16:37 PM): their margins
Bradford86 (3:16:39 PM): over the past year
Bradford86 (3:16:47 PM): have been decreasing
Bradford86 (3:17:06 PM): mostly because of the whole commodities bubble
Writer0224 (3:17:24 PM): ok
Bradford86 (3:17:36 PM): but.
Bradford86 (3:17:38 PM): in the past week
Bradford86 (3:17:48 PM): this thing's gotten technically oversold all over it
Writer0224 (3:18:08 PM): this is another little league stock
Bradford86 (3:18:10 PM): yep.
Bradford86 (3:18:14 PM): i'm a little league player
Writer0224 (3:18:33 PM): i would at least investigate if something bad has ahppened to management
Bradford86 (3:18:45 PM): their management has been buying since $0.50
Bradford86 (3:18:58 PM): they're a lot like ghii
Bradford86 (3:19:01 PM): just really small
Bradford86 (3:19:13 PM): but they're the 4th largest noodle manufacturer in china
Writer0224 (3:19:31 PM): so?
Bradford86 (3:19:43 PM): just a fact.
Writer0224 (3:19:45 PM): all you can hope for is they get bought out?
Bradford86 (3:19:50 PM): no.
Bradford86 (3:20:02 PM): the stock price is unjustifyably low
Bradford86 (3:20:08 PM): it's way too much pessimism
Writer0224 (3:20:37 PM): well you are getting a lesson in penny stocks
Bradford86 (3:20:53 PM): they have no long term debt.
Writer0224 (3:20:59 PM): im thinking of tossing in another 1500 and buying more DOW or GE
Bradford86 (3:21:06 PM): hmm.
Bradford86 (3:21:42 PM): ge is starting to look reasonable to me.
Writer0224 (3:22:06 PM): didvidends are suddenly more attractive
Bradford86 (3:22:12 PM): i still like dow. it's got an 11%
Writer0224 (3:22:48 PM): i know
Bradford86 (3:22:58 PM): and it's got the same commodities thing going for it.
Bradford86 (3:23:05 PM): higher gross margins are on the way
Writer0224 (3:23:06 PM): we are trying to toss in money while the getting is good
Bradford86 (3:23:20 PM): mom has about 30K on the sidelines
Writer0224 (3:23:37 PM): that is her money
Bradford86 (3:23:42 PM): indeed.
Writer0224 (3:23:53 PM): you told her to buy cde or something  right?
Bradford86 (3:23:57 PM): cedc, yes
Writer0224 (3:24:13 PM): and hwat did that stock do last week?
Bradford86 (3:24:19 PM): should have gone down
Bradford86 (3:24:28 PM): what i'm doing for her
Bradford86 (3:24:42 PM): is trying to get her to have 3-5 open orders that are about $5000 a piece
Bradford86 (3:24:50 PM): of buying 10% below current price
Writer0224 (3:24:56 PM): ok
Bradford86 (3:25:00 PM): she picked up dow, that was good
Bradford86 (3:25:01 PM): haha
Bradford86 (3:25:56 PM): whatever you do, selling cedc is not smart.
Writer0224 (3:25:57 PM): im thinking the market will bounce between 8000-9000 over the next 3 months
Bradford86 (3:26:02 PM): i agree.
Bradford86 (3:26:18 PM): we are seeing stabilization
Writer0224 (3:26:23 PM): then when it cant get any worse, things will bounc ewup
Bradford86 (3:26:35 PM): if you look at the chart from a technical chart perspective.. here.
Writer0224 (3:26:44 PM): i think the gov emphasis on buildint upgrades is a great idea
Writer0224 (3:27:45 PM): and energy
Bradford86 (3:27:59 PM): i just sent you a chart of the dow with 2 trendlines
Bradford86 (3:28:04 PM): technical people love trendlines
Writer0224 (3:28:07 PM): that is stimulation and infrastructure improvement at the same time
Writer0224 (3:28:16 PM): i know
Bradford86 (3:28:28 PM): but, the higher bottoming we saw this last week.
Bradford86 (3:28:40 PM): that's what caught my eye.
Writer0224 (3:28:48 PM): which means?
Bradford86 (3:28:57 PM): well
Bradford86 (3:29:05 PM): based on the two indicators i watch
Bradford86 (3:29:13 PM): we went above 20% off the low
Bradford86 (3:29:22 PM): and we just saw a higher bottom
Writer0224 (3:29:33 PM): yes
Writer0224 (3:29:43 PM): those are long trends
Bradford86 (3:29:48 PM): and the emerging markets were priced reasonably like a depression scenerio at bottom
Writer0224 (3:30:16 PM): so ou agree that 8000 was bottom  barring something horrific?
Bradford86 (3:30:31 PM): i think 2 bad things could happen
Bradford86 (3:30:34 PM): obama could get assassinated
Bradford86 (3:30:50 PM): world war 3 could break out
Writer0224 (3:31:01 PM): the upcoming consumer credit bubble i think is factored in
Bradford86 (3:31:14 PM): the emerging market consumer is not factored in.
Writer0224 (3:31:14 PM): right now, companies have to go under
Bradford86 (3:31:17 PM): yes.
Bradford86 (3:31:37 PM): i just see a lot of pretty crazy deals out there.
Bradford86 (3:31:44 PM): some arnt
Bradford86 (3:31:48 PM): some still are overpriced
Writer0224 (3:31:51 PM): all in the little elagues
Bradford86 (3:31:57 PM): like, education is overpriced
Bradford86 (3:32:07 PM): and so are some obama stocks
Writer0224 (3:32:11 PM): ok
Bradford86 (3:32:33 PM): i'm just getting pretty optimistic because factory inventories are starting to get really low
Writer0224 (3:32:41 PM): ok
Bradford86 (3:32:52 PM): and, eventually, they are going to need to start that up again
Writer0224 (3:33:07 PM): you have 7 more weeks til things get a lot easier?
Bradford86 (3:33:16 PM): school's always pretty easy
Writer0224 (3:33:19 PM): i agree with your reasoning
Writer0224 (3:38:40 PM): your article reads well
Bradford86 (3:38:47 PM): well
Bradford86 (3:39:06 PM): i use the act of writing an article to drive the research
Bradford86 (3:39:41 PM): i thought it was interesting that back in 2002, their was a similar price shock in wheat
Bradford86 (3:39:57 PM): and the company's margin ate dirt for 3 quarters
Bradford86 (3:40:09 PM): but since then it looks like they've been doing a pretty good job with derivatives
Writer0224 (3:41:30 PM): ok
Bradford86 (3:42:08 PM): tom thinks corn prices and soybean prices are going up from here
Bradford86 (3:42:19 PM): that's fairly consistent with what's expected
Writer0224 (3:42:30 PM): ok
Writer0224 (3:42:55 PM): oh well  we are going to the clint eastwood movie
Bradford86 (3:43:00 PM): sounds like fun
Bradford86 (3:43:16 PM): i'm trying to go workout.
Writer0224 (3:43:35 PM): ok
Writer0224 (3:43:39 PM): i already did
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Bradford86 (7:45:46 PM): was it worth $40?
Writer0224 (8:21:34 PM): the movie?
Bradford86 (8:21:39 PM): yep
Writer0224 (8:21:39 PM): no popcorn
Writer0224 (8:21:44 PM): no drink
Writer0224 (8:21:57 PM): it was a movie for old people
Bradford86 (8:22:17 PM): so? was it worth it?
Writer0224 (8:22:52 PM): it wasnt stupid
Writer0224 (8:23:07 PM): old guy kicks young hoodsbutts
Bradford86 (8:25:06 PM): indeed
Writer0224 (8:25:18 PM): then they kill him
Writer0224 (8:25:23 PM): plot ends
Writer0224 (8:25:36 PM): off to the shower
Bradford86 (9:15:37 PM): hey
Bradford86 (9:15:40 PM): ever heard of markstrat?
Bradford86 (1:18:13 PM): maddie's swimming again today?
Bradford86 (1:27:47 PM): haha
Writer0224 (2:02:32 PM): thre and back already
Bradford86 (2:02:38 PM): sweet
Bradford86 (2:02:50 PM): so, i uncovered another tidbit of info on my penny stock
Writer0224 (2:02:57 PM): i just worked out
Writer0224 (2:02:59 PM): ok
Writer0224 (2:03:03 PM): good or bad?
Bradford86 (2:03:05 PM): the CEO makes $20K a year
Writer0224 (2:03:17 PM): is their annual report typewritten?
Bradford86 (2:03:42 PM): and the CFO has been loading up on stock options expiring in 2011 and 2014 that strike around $1.60
Writer0224 (2:03:43 PM): does he take stock for the rest of his compensation?
Writer0224 (2:03:55 PM): ok
Bradford86 (2:03:55 PM): the CEO owns a lot of stock.
Bradford86 (2:04:08 PM): the cfo makes $108K
Bradford86 (2:04:16 PM): i think that the CEO just doesnt care about the money.
Writer0224 (2:04:17 PM): well......then buy some shares and hold on
Writer0224 (2:04:24 PM): one of these will hit
Bradford86 (2:04:40 PM): my personal goal is to find 2 more in the next 6 months
Bradford86 (2:05:03 PM): it's just something fun to do.
Writer0224 (2:05:08 PM): how much cash is in my account?
Bradford86 (2:05:13 PM): $0
Writer0224 (2:05:25 PM): so w hat are you selling?
Bradford86 (2:05:30 PM): ktii i believe
Writer0224 (2:05:40 PM): the big loser?
Bradford86 (2:05:47 PM): ktii is selling above book value
Bradford86 (2:06:01 PM): and it has a high p/e and it's not technically oversold
Bradford86 (2:06:14 PM): this is all relative of course
Writer0224 (2:06:29 PM): yep
Bradford86 (2:06:30 PM): but, ktii is still a great company that's significantly undervalued
Bradford86 (2:06:36 PM): just not as much as NWD
Writer0224 (2:06:57 PM): ok
Bradford86 (2:08:10 PM): also, i've got a new programming setup so that..
Bradford86 (2:08:17 PM): when my companies are technically overbought
Bradford86 (2:08:22 PM): i know.
Writer0224 (2:08:30 PM): ok
Bradford86 (2:08:30 PM): and i plan to sell them
Writer0224 (2:08:43 PM): that's what all this is for i guess
Bradford86 (2:08:47 PM): it should help me lock in profits.
Bradford86 (2:08:57 PM): and then i'm only buying technically oversold stocks
Bradford86 (2:09:42 PM): i have to watch myself though and make sure that i like them fundamentally before i buy them
Bradford86 (2:09:54 PM): i caught myself thinking a technically oversold stock was a good buy
Writer0224 (2:10:22 PM): again   learning process
Bradford86 (2:10:29 PM): kaizen
Writer0224 (2:10:35 PM): make sure you send stuff to ed patzer
Bradford86 (2:10:38 PM): i did.
Writer0224 (2:10:45 PM): ok
Bradford86 (2:12:58 PM): one thing is definately for sure
Writer0224 (2:13:12 PM): and that is?
Bradford86 (2:13:17 PM): i really like looking for bargain bin companies
Bradford86 (2:13:37 PM): makes me understand why jewish women love coupons
Bradford86 (2:13:46 PM): but.. they do it on a $0.25/minute scale
Writer0224 (2:14:03 PM): yep
Writer0224 (2:14:12 PM): long run  they make lots of money
Bradford86 (2:14:19 PM): save lots of money
Bradford86 (2:14:28 PM): you cant make when you're net is spending
Writer0224 (2:15:02 PM): yep
Bradford86 (3:19:46 PM): julie turned down a job offer
Bradford86 (3:19:46 PM): ha
Writer0224 (3:20:48 PM): what kind?
Bradford86 (3:21:02 PM): door to door sales
Bradford86 (3:21:02 PM): ha
Writer0224 (3:23:14 PM): good idea
Bradford86 (6:40:17 PM): any insight or good ideas?
Writer0224 (6:40:22 PM): nope
Bradford86 (6:41:37 PM): well, i appreciate the support.
Writer0224 (6:41:56 PM): you are doing fine   change makes me nervous
Bradford86 (6:48:31 PM): the gym was crowded today.
Bradford86 (6:48:59 PM): some of my friends are having grape soda, kentucky fried chicken, and watermelon to celebrate king junior and a black president
Writer0224 (6:48:59 PM): mine wasnt
Writer0224 (6:50:58 PM): well   ummm ok
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Bradford86 (2:01:50 PM): so..
Bradford86 (2:01:54 PM): i got lucky
Writer0224 (2:01:59 PM): how?
Bradford86 (2:02:03 PM): dodged a bullet
Bradford86 (2:02:06 PM): vsec
Writer0224 (2:02:14 PM): sold it?
Bradford86 (2:02:20 PM): i sold it cause it was overbought 
Bradford86 (2:02:24 PM): i might have to buy back in though
Bradford86 (2:02:28 PM): i'll look at it later today
Writer0224 (2:02:36 PM): how much did it fall?
Bradford86 (2:02:40 PM): half
Writer0224 (2:02:48 PM): well done
Bradford86 (2:02:53 PM): nah, just luck
Bradford86 (2:02:58 PM): the military denied their proposal
Writer0224 (2:03:08 PM): ok
Writer0224 (2:04:07 PM): did you sell this morning?
Bradford86 (2:04:13 PM): vsec? no
Bradford86 (2:04:16 PM): got out last week
Writer0224 (2:04:21 PM): ok
Bradford86 (2:04:23 PM): at $41
Writer0224 (2:04:28 PM): are you reinvested then?
Bradford86 (2:04:33 PM): in vsec? no
Bradford86 (2:04:42 PM): there's still more selling going to happen to this.
Bradford86 (2:04:54 PM): with news like that, and downward like this..
Writer0224 (2:05:00 PM): well your new stock went up then dropped
Bradford86 (2:05:03 PM): nwd?
Writer0224 (2:05:16 PM): yep
Bradford86 (2:05:23 PM): yeah, i'm prolly gonna average 0.21
Writer0224 (2:07:15 PM): was it all my money?
Bradford86 (2:07:21 PM): no
Bradford86 (2:07:48 PM): you have 7000 shares
Writer0224 (2:08:15 PM): $140?
Bradford86 (2:08:32 PM): 1400
Writer0224 (2:08:39 PM): ouch
Bradford86 (2:08:54 PM): what?
Writer0224 (2:10:19 PM): thats a lot of cash
Writer0224 (2:10:34 PM): it coul drop to 0 the lawyers take all the $$
Writer0224 (2:10:42 PM): it is a huge gamble
Bradford86 (2:10:56 PM): huh?
Bradford86 (2:10:59 PM): lawyers?
Writer0224 (2:11:26 PM): when a company goes bankrupt, the shareholders get basically 0
Bradford86 (2:11:34 PM): how does a company go bankrupt?
Writer0224 (2:11:44 PM): 1st the owners strip it, then the attorneys, then the governement
Bradford86 (2:11:56 PM): i thought that... to go bankrupt you have to owe people money?
Writer0224 (2:12:00 PM): then the secured bondholders then the unsecured 
Writer0224 (2:12:17 PM): then the stockholders are last
Writer0224 (2:12:48 PM): in the current economic climate in a foreign more lawless business climate, anything can happen
Writer0224 (2:13:15 PM): just me worrying about my money
Writer0224 (2:13:55 PM): that same 1400 could have bought dow
Writer0224 (2:14:39 PM): with a "guaranteeed 11 percetn return
Bradford86 (2:15:07 PM): it could be 12 by now
Bradford86 (2:15:22 PM): it's pretty close
Bradford86 (2:15:24 PM): 11.99
Writer0224 (2:16:26 PM): so explain why you prefer to play wild buffalo bill versus taking a strong company that will help lead the market back
Bradford86 (2:16:50 PM): well
Bradford86 (2:17:13 PM): i think nwd is less risky.
Bradford86 (2:17:46 PM): they make a product that has a relatively constant demand
Bradford86 (2:17:52 PM): are good at making this product
Writer0224 (2:18:10 PM): 4th in the nation means they are dr pepper
Bradford86 (2:18:14 PM): and are really cheap.
Writer0224 (2:18:32 PM): not the market leader
Bradford86 (2:18:40 PM): yep.
Writer0224 (2:18:49 PM): the most likely outcome is they will get bought out
Writer0224 (2:19:01 PM): but that is beside the point
Writer0224 (2:19:23 PM): if you are trying to make good solid decisions, you need to question your choice this time
Bradford86 (2:19:26 PM): the dividend is comforting.
Writer0224 (2:19:56 PM): 12 percent annual return is doubling your money every 6 years plus the stock going up
Bradford86 (2:20:20 PM): i dont think 12% return is enough to be satisfied right now.
Bradford86 (2:20:40 PM): i'm looking to do better
Bradford86 (2:21:14 PM): i am only running with $50K
Bradford86 (2:21:19 PM): if i was running with $500B
Bradford86 (2:21:25 PM): then 12% would be superb.
Writer0224 (2:23:06 PM): well     right now i figure you have at least 8,000 of my 16,000 in high risk securities
Writer0224 (2:23:17 PM): when do you say  "enough"
Bradford86 (2:23:20 PM): risk is not knowing what you're doing
Bradford86 (2:23:28 PM): do i know what i'm doing? maybe
Writer0224 (2:23:51 PM): risk is knowing the market doesnt care about you and would just as soon take all your cash
Bradford86 (2:23:58 PM): that's true as well.
Writer0224 (2:24:36 PM): playing in the wading pool, as you are, is different that playing in the big pool
Writer0224 (2:25:18 PM): but if you get some experience in penny stocks, and if you get lucky and one actually performs, then maybe you can get out of it unscathed
Bradford86 (2:25:56 PM): well
Bradford86 (2:26:03 PM): a lot of the reason i'm justifying penny stocks right now
Bradford86 (2:26:10 PM): is because the market is down 50%
Bradford86 (2:26:15 PM): penny stocks are down 95%
Writer0224 (2:26:19 PM): ok
Bradford86 (2:26:23 PM): if i think the market has bottomed
Bradford86 (2:26:29 PM): and if i think that china is bottomed
Bradford86 (2:26:38 PM): and china is going to lead this next year
Writer0224 (2:26:44 PM): 8034
Bradford86 (2:27:21 PM): then if i can find chinese penny stocks that are undervalued, i should buy
Bradford86 (2:27:49 PM): remember, buy on the gossip, sell on the fact
Bradford86 (2:27:54 PM): that's the obama rally.
Bradford86 (2:27:59 PM): people are selling the fact
Writer0224 (2:29:58 PM): obama was a fact in november
Bradford86 (2:30:23 PM): they sold then too
Bradford86 (2:30:30 PM): remember?
Writer0224 (2:30:31 PM): yep
Bradford86 (2:31:37 PM): i would think penny stocks have less market correlation than normal stocks right?
Bradford86 (2:32:01 PM): so, thinking that way, you'd be making your portfolio less risky by owning penny stocks
Writer0224 (2:32:02 PM): most likely but they have been spiralling down too
Bradford86 (2:32:08 PM): yep.
Writer0224 (2:32:17 PM): here is the point...
Bradford86 (2:32:24 PM): i could lose
Writer0224 (2:32:26 PM): some risk is good
Writer0224 (2:34:19 PM): and most rich guys will say that you are doing the right thing
Writer0224 (2:34:23 PM): so we are seeing
Bradford86 (2:34:37 PM): latief still believes in me
Bradford86 (2:34:37 PM): haha
Bradford86 (2:34:46 PM): he suggested another 15K
Writer0224 (2:34:55 PM): take it
Bradford86 (2:35:15 PM): no, he wants me to employ a buffet buy and soros sell strategy
Writer0224 (2:35:27 PM): ok
Bradford86 (2:35:28 PM): i need to work though that mentally before i can run it
Writer0224 (2:35:33 PM): ok
Writer0224 (2:35:39 PM): classes going ok?
Bradford86 (2:35:45 PM): blah, prolly
Writer0224 (2:35:52 PM): ok
Bradford86 (2:36:15 PM): classes are an excuse to leave the house
Bradford86 (2:37:26 PM): one thing is for sure
Bradford86 (2:37:32 PM): someone is dumping nwd
Writer0224 (2:37:59 PM): is it still dropping?
Bradford86 (2:38:05 PM): they have dumped about 2M shares in the last 2 days so far
Bradford86 (2:38:12 PM): usually the trading volume is 200K
Writer0224 (2:38:53 PM): wow
Bradford86 (2:38:58 PM): hopefully we can get another person to panic sell ghii today too.
Bradford86 (2:39:08 PM): saves me $9.99
Writer0224 (2:40:25 PM): why do you want that?
Bradford86 (2:40:57 PM): well the way orders are filled
Bradford86 (2:41:12 PM): if you put in a limit order to buy 15000 shares at 0.076
Bradford86 (2:41:22 PM): and it fills that order over several days
Bradford86 (2:41:33 PM): each day it fills it charges a commission
Writer0224 (2:41:50 PM): ok
Bradford86 (2:43:25 PM): wow, ameritrade is sucking at filling this order
Bradford86 (2:43:41 PM): oh well. hopefully it goes
Writer0224 (2:43:49 PM): whose account is it for?
Bradford86 (2:43:54 PM): oabdella
Writer0224 (2:44:06 PM): who?
Bradford86 (2:44:13 PM): omar's dad
Writer0224 (2:44:19 PM): ok
Writer0224 (2:45:23 PM): bouncing above 8000 again
Bradford86 (3:12:46 PM): woohoo glad to be below 8000
Writer0224 (3:13:04 PM): im not
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Bradford86 (11:34:37 PM): do you know anything about oil?
Bradford86 (11:34:48 PM): me either.
Bradford86 (11:34:54 PM): except it goes in the car
Writer0224 (11:35:08 PM): cant help you much on oil
Bradford86 (11:35:52 PM): weird, china is down again.
Writer0224 (11:36:25 PM): sucks
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Writer0224 (8:03:55 PM): 8000 it is
Bradford86 (8:30:16 PM): hey
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Writer0224 (9:33:06 PM): what?
Bradford86 (9:33:13 PM): i found a company
Bradford86 (9:33:15 PM): called their CEO
Bradford86 (9:33:18 PM): looks good.
Writer0224 (9:33:36 PM): sorry   not interested
Writer0224 (9:33:54 PM): is this in the fiji islands?
Bradford86 (9:34:01 PM): conneticut
Bradford86 (9:34:19 PM): they patented a "green insulation"
Bradford86 (9:34:22 PM): for homes.
Writer0224 (9:34:52 PM): let me guess   under $1?
Bradford86 (9:34:59 PM): under $0.01
Writer0224 (9:35:35 PM): less than a cent?
Bradford86 (9:35:40 PM): yep.
Writer0224 (9:36:09 PM): does he do his annual report in crayon?
Bradford86 (9:36:26 PM): he doesnt have an annual report yet.
Bradford86 (9:36:47 PM): but sure
Bradford86 (9:36:59 PM): you have to have 18months before you can be otcbb
Writer0224 (9:37:02 PM): well how low do you want to go?
Bradford86 (9:37:49 PM): as low as they want to sell it.
Bradford86 (9:37:54 PM): but, it's already profitable
Writer0224 (9:37:58 PM): why not give the guy 100 for the company?
Bradford86 (9:38:00 PM): high and growing profit margins
Writer0224 (9:38:46 PM): ok
Writer0224 (9:38:58 PM): so now you are in the t-ball leagues?
Bradford86 (9:39:09 PM): yes
Writer0224 (9:39:28 PM): if you had bought 100 shares of apple at 8am today, you would have 1200 and enuf to buy the company
Bradford86 (9:39:44 PM): lol
Bradford86 (9:39:49 PM): the company is 150K
Bradford86 (9:39:58 PM): PE<1
Writer0224 (9:40:10 PM): he is willing to sell for 150,000?
Bradford86 (9:40:16 PM): no
Bradford86 (9:40:19 PM): he isnt willing to sell.
Writer0224 (9:40:33 PM): so what is 150k?
Bradford86 (9:40:39 PM): the market cap
Writer0224 (9:41:01 PM): why not have your rich friend buy half the stock?
Bradford86 (9:41:11 PM): haha
Writer0224 (9:41:32 PM): 51 percent
Writer0224 (9:41:38 PM): controlling interest
Writer0224 (9:41:45 PM): that's what people do
Writer0224 (9:41:53 PM): you could run the company
Bradford86 (9:42:33 PM): i dont want to run it
Bradford86 (9:42:38 PM): i talked to the CEO for an hour
Writer0224 (9:42:44 PM): you need the summer job
Bradford86 (9:42:45 PM): he actually has a good plan
Writer0224 (9:42:47 PM): ok
Bradford86 (9:42:52 PM): and he knows what he's doing.
Bradford86 (9:43:00 PM): he used pharmaceutical terminology
Bradford86 (9:43:12 PM): and lined up oil and gas stocks like it was legos
Writer0224 (9:43:29 PM): consideing he is in the housing industry, is that a good thing?
Bradford86 (9:43:38 PM): he is in insulation
Bradford86 (9:43:47 PM): part of his patented green insulation comes from oil products
Bradford86 (9:43:53 PM): the rest is soybean based
Bradford86 (9:43:58 PM): so, he was talking about profit margins
Bradford86 (9:44:03 PM): and since DOW chemical
Writer0224 (9:44:05 PM): ok
Bradford86 (9:44:10 PM): is passing on lower oil costs to it's customers
Bradford86 (9:44:12 PM): he benefits
Bradford86 (9:44:21 PM): through "some large chemical names"
Bradford86 (9:44:28 PM): i couldnt repeat them if my life depended on it
Bradford86 (9:44:38 PM): he was just rattling them off
Writer0224 (9:45:07 PM): ok
Writer0224 (9:45:18 PM): well im not interested
Bradford86 (9:45:22 PM): that's fine.
Writer0224 (9:45:50 PM): you can buy 10,000 shares
Bradford86 (9:46:04 PM): i hope so.
Writer0224 (9:46:07 PM): how many are outstanding   or does he hand them to you out of his wallet?
Bradford86 (9:46:17 PM): they are sold on the market
Bradford86 (9:46:24 PM): odds are it will spike 300% tomorrow
Bradford86 (9:46:26 PM): just watch
Writer0224 (9:46:36 PM): why would it spike tomorrow?
Bradford86 (9:46:47 PM): because i am a fool
Bradford86 (9:47:00 PM): i told my calculations to some penny stockers already
Bradford86 (9:47:07 PM): so they are planning on loading up.
Writer0224 (9:47:18 PM): lol
Bradford86 (9:49:30 PM): oh well.
Writer0224 (9:49:59 PM): is it on a stock exchange?
Bradford86 (9:50:10 PM): i dont know how pink sheets are traded
Bradford86 (9:50:20 PM): i think it's some electronic thing
Writer0224 (9:50:25 PM): ok
Bradford86 (9:51:19 PM): but, yep.
Writer0224 (9:51:21 PM): well watch this one
Writer0224 (9:51:27 PM): yor last one hasnt moved
Bradford86 (9:51:31 PM): nwd?
Bradford86 (9:51:34 PM): that's fine
Writer0224 (9:51:47 PM): i know its fine
Bradford86 (9:53:04 PM): well i have orders in
Bradford86 (9:53:05 PM): to buy
Bradford86 (9:53:08 PM): and i hope it drops
Bradford86 (9:53:15 PM): but, i also wish i would have shut up.
Bradford86 (9:53:17 PM): that's ok.
Bradford86 (9:53:34 PM): i think there is someone big out there selling.
Bradford86 (9:54:55 PM): i have my limits
Bradford86 (9:55:04 PM): i would put odds at 30% that i pick it up
Bradford86 (9:55:05 PM): which is fine
Writer0224 (9:55:34 PM): pick up which?
Bradford86 (9:55:41 PM): the stock at my bids
Writer0224 (9:55:49 PM): whic stock?
Bradford86 (9:55:53 PM): amne
Writer0224 (9:56:22 PM): the .01 stock?
Bradford86 (9:56:26 PM): yes
Writer0224 (9:56:32 PM): on which exchange?
Bradford86 (9:56:42 PM): pink sheets dont trade on an exchange
Writer0224 (9:56:58 PM): so you are buying directly from this guy?
Writer0224 (9:57:08 PM): you are really going off the deep end
Writer0224 (9:57:15 PM): does he even have a cpa?
Bradford86 (9:57:16 PM): i am not buying directly
Bradford86 (9:57:19 PM): there is a market.
Bradford86 (9:57:24 PM): it's electronic
Bradford86 (9:57:38 PM): the company has been in business for several years
Bradford86 (9:57:46 PM): but has been reorganizing and reverse splitting
Writer0224 (9:58:24 PM): and it has a net worth of 150K?
Bradford86 (9:58:35 PM): according to the market
Bradford86 (9:58:45 PM): but, it was worth 28x that 3 months ago
Writer0224 (9:58:48 PM): which means it is wirth less than my house
Writer0224 (9:59:34 PM): he could sell and buy 3 SUV's
Bradford86 (9:59:44 PM): he doesnt have all the shares!
Bradford86 (9:59:46 PM): this is the CEO
Bradford86 (10:00:07 PM): aka, just a guy in charge
Writer0224 (10:00:21 PM): so all the shareholders together could buy 3 suvs?
Bradford86 (10:00:36 PM): watch the stock tomorrow
Bradford86 (10:00:41 PM): bet it's up 100%
Writer0224 (10:01:00 PM): what is your sales charge?
Bradford86 (10:01:03 PM): $9
Writer0224 (10:01:18 PM): so you are going to put in $100?
Writer0224 (10:01:26 PM): dont touch my money
Bradford86 (10:02:07 PM): wasnt planning on it
Writer0224 (10:02:13 PM): you are off the deep end glen
Bradford86 (10:02:40 PM): i am in a section of the market
Bradford86 (10:02:48 PM): where, if you know what you're doing
Bradford86 (10:02:54 PM): you can make a lot of money
Bradford86 (10:03:01 PM): and if you dont
Bradford86 (10:03:03 PM): you can lose it all
Writer0224 (10:03:13 PM): no one watches T-ball games
Bradford86 (10:03:53 PM): eeso
Writer0224 (10:03:53 PM): i really ahte to see you throw away the money that was supposed to go for your college
Bradford86 (10:04:04 PM): i watched eeso go up 300% in the past 2 days
Bradford86 (10:04:14 PM): it could have easily gone down just as fast.
Bradford86 (10:04:25 PM): but the point was.
Bradford86 (10:04:28 PM): i saw the stock
Bradford86 (10:04:32 PM): i knew what was going on
Bradford86 (10:04:37 PM): and because it was so cheap, i didnt buy
Writer0224 (10:04:47 PM): so lets assme you invest 100, at the end of the day you have 180
Writer0224 (10:04:50 PM): so what?
Writer0224 (10:05:11 PM): you could do that by working in the purdue union
Bradford86 (10:05:55 PM): yep.
Writer0224 (10:06:21 PM): honestly you are acting more than a little crazy right now
Bradford86 (10:06:59 PM): you're prolly right.
Writer0224 (10:07:13 PM): when you land your 100,000 per year job and you can toss away 1000 of your own money  its ok
Writer0224 (10:07:31 PM): but you are tossing around money that is supposed to go for college
Writer0224 (10:07:46 PM): and in 8 months you are going to be begging for 16,000
Bradford86 (10:07:54 PM): yep.
Bradford86 (10:08:00 PM): sad isnt it.
Writer0224 (10:08:07 PM): it is worrisome
Writer0224 (10:08:18 PM): cause it isnt your money
Writer0224 (10:08:29 PM): and as usual we will come and bail you out
Bradford86 (10:09:07 PM): i have an idea.
Writer0224 (10:09:21 PM): the issue is, we dont have the 16000 just laying around anymore
Bradford86 (10:09:23 PM): the fafsa solves your problems.
Writer0224 (10:09:49 PM): it is still loaned money
Writer0224 (10:09:58 PM): you have a negative net worth
Writer0224 (10:10:04 PM): dramatic negative
Writer0224 (10:10:15 PM): yet you are addicted to trading stocks
Writer0224 (10:10:32 PM): with no summer job
Writer0224 (10:10:43 PM): and no full time job waiting
Writer0224 (10:11:04 PM): in an economy where smarter guys with more experience will be after the same job you are
Bradford86 (10:11:21 PM): you're exactly correct, from a safety perspective. i'm jobless, in debt, and in a bad economy
Writer0224 (10:11:41 PM): so who is at risk?
Bradford86 (10:11:56 PM): define risk?
Writer0224 (10:12:07 PM): whose money is it?
Writer0224 (10:12:20 PM): who is going to have to ante up Julie's summer payment?
Writer0224 (10:12:27 PM): cause you cant make it
Bradford86 (10:12:31 PM): is julie dooing summer school?
Writer0224 (10:12:42 PM): i have no idea
Writer0224 (10:13:01 PM): i mean you signed an agrement to pay her back 6600 in july 2009
Writer0224 (10:13:09 PM): who is going to pay that?
Bradford86 (10:13:33 PM): well, looks like i have to pay her back then
Writer0224 (10:14:08 PM): dont you feel the responsibility to do that?
Bradford86 (10:15:28 PM): by july?
Bradford86 (10:15:34 PM): i should be able to do that.
Writer0224 (10:15:42 PM): how?
Writer0224 (10:15:49 PM): all your bets are going down
Bradford86 (10:16:00 PM): you're exactly right.
Bradford86 (10:16:23 PM): it'd almost be profitable to be against myself
Writer0224 (10:16:32 PM): all im saying is, these "deals" will still be here in 2 years
Bradford86 (10:16:40 PM): i dont think so.
Bradford86 (10:16:42 PM): not like this.
Bradford86 (10:16:47 PM): this is a once in a life time opportunity
Bradford86 (10:16:54 PM): look through the past 100 years
Bradford86 (10:16:59 PM): never have interest rates been this low
Bradford86 (10:17:03 PM): and p/e ratios been this low
Writer0224 (10:17:04 PM): that is an addict's statement
Bradford86 (10:17:30 PM): what it is, is a statement of the current economic climate
Bradford86 (10:17:43 PM): you can get a 30 year fixed home loan at 3.5% with 20% down payment
Bradford86 (10:18:09 PM): refinance rates are through the roof
Bradford86 (10:18:35 PM): all i'm saying is the world could come to an end
Writer0224 (10:19:02 PM): it wont
Writer0224 (10:19:09 PM): you need to get a job tho
Bradford86 (10:19:11 PM): but, i'm trying to buy stocks the way buffett and hall would.
Writer0224 (10:19:15 PM): then blow your own money
Writer0224 (10:26:03 PM): dont you feel frantic?
Bradford86 (10:26:14 PM): not really.
Bradford86 (10:26:32 PM): i feel like if i'm able to find companies that are way underpriced
Writer0224 (10:26:32 PM): well from this angle  you are acting it
Bradford86 (10:26:43 PM): then, i should pick them up
Writer0224 (10:26:53 PM): in 3 years  yes
Writer0224 (10:27:11 PM): right now you ahve an obligation to get thru college
Writer0224 (10:27:18 PM): then pay off your debt