sell! sell! sell!

[Hitman26]

Welcome back Woof!

I was actually going to day trade it Woof but it got away from me. Oh well, glad I picked up a gold fund to more than offset that pick.

Hitman,
What's your take in the Wachovia's downgrade of ISRG?

Thanks

Jointer:

While the downgrade sucks, it's not shocking considering ISRG sells at 90 times last years earnings. The downgrade was based on valuation and not news related. My fair value for ISRG is 300 bucks per share right now. I'm still expecting at least 10 bucks a share in earnings for fiscal 2010. Slapping a 50 multiple to that yields 500 bucks a share this time in 2011. Of course that is accounting for slowing growth and no competion on the market by that year. High growth stocks like this are tough to value and that is why they swing so much.


Still long but not looking to add anymore right now. I'm waiting for January 31st for the report card.

 

[tiznow]

well looks like markets not listening to the CFC press release anymore

falling off again 6.11 as is the markets in general

 

[Dawoofdaddy]

another one of those bear shakes you talk about but this one specifically for cfc.

they keep putting perfume on that cfc pig, but its still a pig and most people realize it now.

very soon its time for the market to sing a final lullaby to cfc prior to it taking its final nosedive.

%^_

 

[tiznow]

trying hard to hold the previous lows (12724, 1406) hit in late november on S&P and dow right about now

if we get through those levels with some conviction should get some more bear fun going

 

[tiznow]

S&P bounced at 1406.30 for now we'll see if it can hold

 

[VaultedTreehouse]

The Bush Boomers conspicuously absent as Rome burns...A mea culpa is in order.

 

[Brooklynbomber]

my shining star AUY getting ready to touch $16 on the way to $40

first bought this in 2005 at $3. held it for about a year and lost interest and sold. Bought it back at $9 heavy and again at $12

Yamana Gold Inc (AUY)

15.50

+1.14 +7.94%
Open: 15.00 High: 15.65 Low: 15.00
Previous Close: 14.36 Volume: 5,043,187
Eastern Time
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[Dawoofdaddy]

Tiz, can we get one of your patented bear posts up in this joint?

 

[tiznow]

Thar She Blows!!!!!! BLASTO THROUGH LATE NOV LOWS

:smoker2:

 

[Dawoofdaddy]

Countrywide new lows for today.

5.74

%^_

 

[tiznow]

5.55 Cfc so much for the press release mozilo had to liquidate his remainings shares at 6+

:nohead:

 

[Dawoofdaddy]

5.39

I tried to short it when it fell below 6 again but brokerage didnt have any shares available to be borrowed and shorted.

http://www.eyetricks.com/3dstereo98.htm

 

[Brooklynbomber]

5.39

brokerage didnt have any shares available to be borrowed and shorted.

:monsters-:drink:

but the shills, I mean realtors on the radio today said that right now is the best RE buying opportunity in years....RE always goes up....what am I missing?:nohead:

 

[Dawoofdaddy]

but the shills, I mean realtors on the radio today said that right now is the best RE buying opportunity in years....RE always goes up....what am I missing?

What are you missing? Nothing my friend.

What the rest of the United States is missing is that real estate is a depreciating asset.

d1g1t

 

[Romanowski]

RE hasnt hit bottom yet but when it does how is it not a good investment?

economy will be recovering in 2010

meanwhile angola has tons of diamonds no civil war and oil

and they are opening a stock market this january, projected to have the biggest increase in GDP of any nation worldwide

look into at along with water desalination stocks

 

[Dawoofdaddy]

Let us know in 2010 or sooner when you are adding real estate investments.

There is nothing based on fundamentals that says economy or real estate will be in bull phase during 2010.

Real estate has been such an overblown bubble it could take a generation before any widespread value is available.

Its a totally committed market and in most areas it will be a complete trainwreck before any recovery.

 

[Brooklynbomber]

What are you missing? Nothing my friend.

What the rest of the United States is missing is that real estate is a depreciating asset.

d1g1t

I know I was being sarcastic. haircut approaching 40% now in my neck of the woods. people are going to find out the hard way that once a market corrects, be it RE, stocks, etc it does not discriminate...it is a haircut across the board.....if I owned property in Vancouver I'd have that mfer listed before the day is out

ps- sharp call on Angola and desalination stocks Romonoski...water should finally be a good buy again after this correction

 

[tiznow]

Let us know in 2010 or sooner when you are adding real estate investments.

There is nothing based on fundamentals that says economy or real estate will be in bull phase during 2010.

Real estate has been such an overblown bubble it could take a generation before any widespread value is available.

Its a totally committed market and in most areas it will be a complete trainwreck before any recovery.

also these low quality mcmansions will be crumbling at their foundations in about 10-15 years probably

people bought into not low quality RE, cooky cutter, cutting costs anywhere they could homes

 

[hellah10]

muthafuckin yamana is cashing in today baby! w00t!!

 

[tiznow]

I know I was being sarcastic. haircut approaching 40% now in my neck of the woods. people are going to find out the hard way that once a market corrects, be it RE, stocks, etc it does not discriminate...it is a haircut across the board.....if I owned property in Vancouver I'd have that mfer listed before the day is out

ps- sharp call on Angola and desalination stocks Romonoski...water should finally be a good buy again after this correction

already own category of longs i currently own

people will always drink beer, smoke, and drink water regardless of what happens

mo and bud both up today :toast:

err...bud went red late anyway i hold some longs but not a ton and they in the above areas mainly