Much to the chagrin of rehydrogenated and kdakota, FB showed up and paid up. I finally met the elusive floridabuilder over a plate of meatballs and cake and a stack of benjamins. Mmmm...cake. I can thank MEE and Alpha for propelling me to a crushing win in the chimpcontest. AIG and NOV had a shot towards the end but the official buyout crushed all hopes. [more]
I can't actually believe it but I may be the score-leader on this pick very soon. I am the only green-thumber in the green right now. And tomorrow should be interesting for this mini-rocket. I'm not saying the red-thumbers will turn negative, just that I'll pass them. For those who don't know LEA is Lear, a company that makes seats and stuff for cars. [more]
The latest news is that Fiat is taking a 35% stake in Chrysler for..um, free. In my opinion this is still too much money. Is it me or is this like a Zombie marrying the Living Dead?
Can I have opinions as to wheter you think this might actually work? And is there something I can red-thumb for this disaster?
Ok, I know most of you would rather stick a hot poker in your eye than trade an auto stock but hear me out. I am not advocating buying and holding GM but there are a few out there that make interesting trade opportunities and some are not too bad if you let them go a while. For some decent suppliers, they are beaten down with the rest of the industry but may not deserve it. Let's see what you think. [more]
I follow autos and new auto technology and found the below article today. I think the decline in jewelry usage (or buying) and declining auto sales are already inbedded in the price of the silvery metal but a drastic drop in per car auto usage is not. As you know, autos and jewelry are the #1 users of Platinum by a good margin. As I don't see Platinum as a perceived safe storage of money (like gold), the future looks murky. Autos will pick up and emerging countries wil enact more pollution controls, but will Platinum be left behind? [more]