Stock Market Thread - ALL COMBINED

vinnie

vinnie

la vita ? buona
Forum Member
Sep 11, 2000
59,163
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0
Here
MadJack said:
then you'll be with me if you still have that other 5k shares.
Click to expand...

Order didn't fill :sadwave: I'm only holding the 10 from yesterday :SIB sold the other 5 on the last run :D but looking to buy more :0corn
 
dogface

dogface

Registered STUD
Forum Member
Feb 13, 2000
2,719
22
0
55
Minnesota
July Market Talk

July Market Talk

Not much to add today...

SPNG is my main position, with RHGP.

RHGP trying to get out off, but not much happening there with little to no volume!

SPNG will take off IMO when 10q is filed in August, and the news of other retailers signing on. Spongebob apparently starting to reach retail outlets. Stock is down to .117, still good time to buy, IMHO!

dogface
 
dawgball

dawgball

Registered User
Forum Member
Feb 12, 2000
10,652
39
48
50
First time in a while that I was able to trade my system.

Funny thing about that is that I was in and out successfully in 39 seconds. That's a record in the various times that I have played this system. Very strange.

Bought 10 .QQQSK @ 1.43
Sold 10 .QQQSK @ 1.53

+$100.00
-$15.00 commission
+85.00 profit

+27.50% portfolio balance (original $5,000) since beginning (May 4, 2009)
 
dogface

dogface

Registered STUD
Forum Member
Feb 13, 2000
2,719
22
0
55
Minnesota
Hey, not bad...

$85 for 39 seconds.

3600 seconds in an hour (60 x 60)
Basically 92 money making units in an hour (3600 / 39)
In other words keep that up and you can make: $7820 an hour

Good part time job if you can get it! :scared

Happy 4th of July! Going to the cabin in a few minutes.


dogface
 
smurphy

smurphy

cartographer
Channel Member
Jul 31, 2004
19,910
135
63
16
L.A.
S&P DROPS ANALYTICAL COVERAGE OF SHARE OF LEAR
(Standard & Poor's)
We are dropping analytical coverage of Lear, an auto parts manufacturer, following announced plans to soon file for protection under Chapter 11 of the U.S. Bankruptcy Code and its related delisting from the NYSE. We previously carried a hold recommendation on the shares (LEA 0.36***).
Click to expand...

.....
 
smurphy

smurphy

cartographer
Channel Member
Jul 31, 2004
19,910
135
63
16
L.A.
I sure hope nobody was still holding any of this thing.

Lear plans to restructure in bankruptcy
6:17p ET July 1, 2009 (MarketWatch)
A previous version of this story incorrectly stated that Lear had filed for bankruptcy. The story has been corrected.

SAN FRANCISCO (MarketWatch) - Lear Corp. on Wednesday became the latest victim of the U.S. auto industry's drawn-out depression, as the car parts maker said it planned to file for bankruptcy and restructure its debt under court supervision.

Southfield, Mich.-based Lear said it secured $500 million in debtor-in-possession financing from a group led by J.P. Morgan and Citigroup.

"This restructuring is being undertaken to maximize the long-term value of the company," Chairman and CEO Bob Rossiter said.

"We want to assure everyone -- customers, suppliers, employees, and the communities of which we are a part -- that Lear is committed to positioning our business for sustainable success," he added in a statement.

The car-seat maker's subsidiaries outside the U.S. and Canada will not be part of the bankruptcy filing because they are "well-capitalized, well-positioned and have a strong backlog of new business," the company said.

The plan puts Lear on track to follow the lead of two other parts makers, Visteon Corp. and Metaldyne Corp., which succumbed to bankruptcy just over a month ago.

Several others have resorted to filing for Chapter 11 in recent years and more could be on the way as top automaker customers have had to slash production in the face of plunging demand.

"The collapse of auto sales is hell for the suppliers; watch for more filings," credit ratings agency Egan-Jones said. "It's clear as GM and Chrysler downsize their businesses they will continued to exert pressure on the suppliers."

Auto sales took another hit in June, with all major automakers posting double-digit percentage declines. See full story.

Lear shares fell 4% to close at 48 cents before plunging to 31 cents in extended trades.

The company employs 80,000 people across 210 facilities in 36 countries and, along with its auto-parts business, sells video and sound systems, wire harnesses, connectors and other electronic components.
Click to expand...
 
D

djv

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Nov 4, 2000
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If this market acts tomorow 7/9 like it did today.
It's time to buy some SRZ, F, GE.
 
MadJack

MadJack

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vinnie said:
I got a boat load of GE & a half a boat load SRZ already :s1:
Click to expand...

me too and getting crushed in the last 4 weeks :s1:

now i have a margin call to deal with too :sadwave:
 
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