| Author |
Message |
    
Bill Nelson
Unity Member
Post Number:
2275
Registered: 10-2002
Rating: N/A
Votes: 0 (Vote!) | | Posted on Saturday, August 26, 2006 - 10:34 am: |   |
For what it's worth to you...
I've been doing some in-depth research in business trends of late. Mainly because one stock I hold (1000 shares) that traded for over 50.00 per share last year, is listed today at 17.38.
Everyone say "Ouch"!
It is in the retail field and the prognostication for the industry is gloomy.
The projections for the real estate market is gloomy.(I'm okay there, so far.)
The projections for the auto industry is gloomy. (Ford in deep do-do).
It appears the boom may be over and we're headed for a down slide.
Accumulate cash and look for "deals" in coming days.
Oh, overriding reason is "do-nothing" Congress who would rather play politics (both sides) than do their jobs.
We're stuck on war issues.
We're stuck on border security.
We're doing very little about alternate fuels.
We're stuck on medical costs.
If your personal job performance was as sorry as all congressmen, you'd be fired!
People are losing confidence in the economy.
Bright spot. Oil exploration in the Permian Basin is red-hot. Can't find enough rigs to drill nor hands to staff them. Paying over $25.00 per hour to roughnecks and roustabouts, plus up to $1500.00 sign on bonus.
Wanna make a quick buck? Head for Iran, Texas (seriously). They'll hire you today.
Fiction and Fact, from Bill's almanac. |
Tom Elkins
Wisdom Member
Post Number:
542
Registered: 01-2005
Rating: N/A
Votes: 0 (Vote!) | | Posted on Saturday, August 26, 2006 - 05:50 pm: | |
Ouch. You should've sold at $40.
Tom Elkins
NORTH of TEXAS
www.authorsden.com/tomelkins |
Todd Hunter
Mindsight Moderator
Post Number:
3430
Registered: 02-2003
Rating: N/A
Votes: 0 (Vote!) | | Posted on Sunday, August 27, 2006 - 01:47 pm: | |
Myself, I'd probably buy 3X as many shares while it's nearly 3X cheaper, and wait for the economy to swing back, which it inevitably will do. It's just a matter of when.
Mindsight Moderator
Aston's Blog
Midwestern Writer |
Bill Nelson
Unity Member
Post Number:
2278
Registered: 10-2002
Rating: N/A
Votes: 0 (Vote!) | | Posted on Sunday, August 27, 2006 - 02:41 pm: | |
Todd,
You are not too far off. A split is in their plans and I do expect the stock to recover. Maybe not back to $50, but in the neighborhood.
I am pleased about the increase in oil exploration. Most people don't understand that once a well is brought in, not much happens. It is on line and a few gauges are read daily.
All the job creation is done when rigs are in business, digging holes. That's where all the jobs and equipment purchases take place. A healthy oil industry would have a robust exploration phase going.
We can only hope. |
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