Jack....you looked into the price of kibble stocks lately? Maybe Kosar can help ya on ALPO futures
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thursday market
- Thread starter MadJack
- Start date
It was a simple question. Didn't mean to look behind the curtain.
Here's an idea....
Maybe you should think about opening part of the forum up for talk about stocks and financial stuff? Then you won't be bothered by questions from us lay people.
If you don't mind, I'll ask the same horrible question down the road.
? about drys. Is it not a big deal that on a one year weekly chart there is a gap that must be filled. The dates are 9/29- 10/6. I think that is what happens with this stock. Seen this before in the futures market I am hoping it is the same for stock market. Any thoughts?
:shrug:
:shrug:
:shrug:
something was said about drys on cnbc. i didn't hear because i was on the phone. it closed at 8.86 and since the cnbc thing it's diving and now at 7.80 :scared
news commentary found:
'The detail of this news yesterday, which just doesn't help market confidence in DRYS management, is the following:
DryShips Inc. said Wednesday it had canceled the purchase of four dry bulk carriers from companies controlled by its own CEO, saying it failed to get bank financing for the $400 million deal. DryShips said Chairman and Chief Executive George Economou's companies would keep $55 million in deposits.
And DryShips said it paid the companies controlled by Economou an additional $105 million for cancellation of the sale and an exclusive option to buy the ships in a block deal for $160 million. The option expires Dec. 31.
Now maybe these transactions have all been properly performed in the best interests of DRYS shareholders, but they appear, at best, to leave room for conflicts of interest. Transactions of this kind surely don't help in the current environment for dry bulk shipping, given that DRYS just lost $160m due to a canceled transaction, and considering its current market cap of just $470m. I realize that taking the ships might have meant operating losses on them since markets were weak, and they would have been paying prices well above market. But perhaps the original purchase decision was at fault, when they were buying ships at extremely high prices historically - and from the company's own CEO. Again, while the checks might be in place, even the appearance of potential conflicts of interest can undermine investor trust.'
'The detail of this news yesterday, which just doesn't help market confidence in DRYS management, is the following:
DryShips Inc. said Wednesday it had canceled the purchase of four dry bulk carriers from companies controlled by its own CEO, saying it failed to get bank financing for the $400 million deal. DryShips said Chairman and Chief Executive George Economou's companies would keep $55 million in deposits.
And DryShips said it paid the companies controlled by Economou an additional $105 million for cancellation of the sale and an exclusive option to buy the ships in a block deal for $160 million. The option expires Dec. 31.
Now maybe these transactions have all been properly performed in the best interests of DRYS shareholders, but they appear, at best, to leave room for conflicts of interest. Transactions of this kind surely don't help in the current environment for dry bulk shipping, given that DRYS just lost $160m due to a canceled transaction, and considering its current market cap of just $470m. I realize that taking the ships might have meant operating losses on them since markets were weak, and they would have been paying prices well above market. But perhaps the original purchase decision was at fault, when they were buying ships at extremely high prices historically - and from the company's own CEO. Again, while the checks might be in place, even the appearance of potential conflicts of interest can undermine investor trust.'
futures -311 after auto bailout stiff job.
things are going to be ugly tomorrow :scared
they give all that money to wall st and cant pony up 15 bil. that sounded like chump change after all these recent bails.
what a mess this is gonna be.
things are going to be ugly tomorrow :scared
they give all that money to wall st and cant pony up 15 bil. that sounded like chump change after all these recent bails.
what a mess this is gonna be.
i only like 6 hour playsC.G.S.Y. ob - 6 month play
wish i got out 100% cash today. god knows what's gonna happen tomorrow. i guess i'll just be long on the 2 shipping companies i own. it's a free roll anyway. christ!
Auto bailout collapses in Senate
Bank bailout funds could be used for Detroit
Sources: White House warning GOP senators Wall Street bailout funds might be used for automakers now that auto loan package has failed.
Dana Bash, CNN Congresssional correspondent
Last Updated: December 11, 2008: 11:23 PM ET
WASHINGTON (CNN) -- The proposal to loan $14 billion to Detroit's struggling automakers collapsed late Thursday night but the Big Three may get some money anyway.
Bush officials warned wavering GOP senators that if they didn't support the legislation, the White House will likely be forced to tap the Wall Street bailout to lend them money, two Republican congressional officials told CNN earlier.
This is a noteworthy change since the White House and Treasury Secretary Henry Paulson have previously refused to use bank bailout funds to help General Motors (GM, Fortune 500), Ford Motor (F, Fortune 500) and Chrysler LLC.
The sources asked not to be named because of the sensitivities of private conversations.
The White House negotiated a deal with Democrats to give Detroit a short term $14 billion loan with strings attached, including a so-called "car czar" charged with helping the companies draw up restructuring plans.
Most Senate Republicans opposed the plan as too weak in terms of focusing long-term viability for the U.S. auto industry.
As part of their full-court press to urge skeptical Republicans to back it, they made clear that if Congress didn't act, the White House would have to step in to save Detroit from collapse with funds from the $700 billion Troubled Asset Relief Program (TARP), according to the sources familiar with the conversations.
"I would only hope that the president, who has worked so well with us for the past several weeks, would now use consider using the TARP money," said Senate Majority Leader Harry Reid, D-Nev., after the vote.
One of the sources said the a White House official made clear to a GOP Senator that would be the worst option, because the loan could go to the auto companies with few or no requirements along with it.
Democrats had pressed the White House from the start to help Detroit by using some of the $700 billion for the financial sector, but the White House had refused.
Bank bailout funds could be used for Detroit
Sources: White House warning GOP senators Wall Street bailout funds might be used for automakers now that auto loan package has failed.
Dana Bash, CNN Congresssional correspondent
Last Updated: December 11, 2008: 11:23 PM ET
WASHINGTON (CNN) -- The proposal to loan $14 billion to Detroit's struggling automakers collapsed late Thursday night but the Big Three may get some money anyway.
Bush officials warned wavering GOP senators that if they didn't support the legislation, the White House will likely be forced to tap the Wall Street bailout to lend them money, two Republican congressional officials told CNN earlier.
This is a noteworthy change since the White House and Treasury Secretary Henry Paulson have previously refused to use bank bailout funds to help General Motors (GM, Fortune 500), Ford Motor (F, Fortune 500) and Chrysler LLC.
The sources asked not to be named because of the sensitivities of private conversations.
The White House negotiated a deal with Democrats to give Detroit a short term $14 billion loan with strings attached, including a so-called "car czar" charged with helping the companies draw up restructuring plans.
Most Senate Republicans opposed the plan as too weak in terms of focusing long-term viability for the U.S. auto industry.
As part of their full-court press to urge skeptical Republicans to back it, they made clear that if Congress didn't act, the White House would have to step in to save Detroit from collapse with funds from the $700 billion Troubled Asset Relief Program (TARP), according to the sources familiar with the conversations.
"I would only hope that the president, who has worked so well with us for the past several weeks, would now use consider using the TARP money," said Senate Majority Leader Harry Reid, D-Nev., after the vote.
One of the sources said the a White House official made clear to a GOP Senator that would be the worst option, because the loan could go to the auto companies with few or no requirements along with it.
Democrats had pressed the White House from the start to help Detroit by using some of the $700 billion for the financial sector, but the White House had refused.
