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topsecret10 (< 20)

We may have seen the top. Don't Invest until you drop !

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April 16, 2010 – Comments (35) | RELATED TICKERS: ANF , C , GS

  I see no reason to put new money In the stock market at these levels. Now they finally drop the hammer on Goldman Sachs,and Greece Is back In the news. Unemployment Is getting worse,the banks are milking their consumers dry,and the Federal deficit Is completely out of control. Add the health care bill that will grow the deficit even further,and you have every reason to bail from the nosebleed seats at this three ring circus. Where Is the (Value) In the market right now? Abercrombie and Fitch at $50.00 @#$^%$#!@#$%^  Thats all I need to see to run for the hills !!!!!    TS

35 Comments – Post Your Own

#1) On April 16, 2010 at 9:37 PM, Starfirenv (< 20) wrote:

Welcome back TS. You forgot the 3000 insolvent banks, the FDIC being 21B (last I heard) upside down, the CRE unwind that's on deck continued rampant forclosures and no turn in the job mkt etc. I'm with you and 80% out. I think the "hammer" may turn out to be golden after the dust settles. You still at the "Springs"? Hope your Valley job happened. I'll be in Placerville in a couple weeks. Cocktails?

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#2) On April 17, 2010 at 1:24 AM, JestYourFool (< 20) wrote:

Thank you, TS!  I've been holding money in a money market fund waiting to invest in my Roth IRA.  I keep seeing very mild recovery news and even more evidence that we are not in a recovery - no jobs = no recovery.  We've been propped up by the government, which is a whole other story!

As I've been seeing the market go up and up, I've gotten antsy to invest.  I just kept telling myself, "Remember the lessons you've learned:  Don't follow the crowd, what goes up must come down, and the best time to buy is when there is blood in the streets."  However, my nature was telling me to jump in before the market went higher and higher.

Now we seen some drop.  I agree - the fall is not finished.  When all the government incentives begin to stop later this year, I think we will see the true value of some stocks!

Thanks for remindind me to trust myself and not follow the other sheep!

Jest

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#3) On April 17, 2010 at 1:36 AM, SUPERMANSTOCKS (59.43) wrote:

I wouldn't say the sky is falling yet. We will be up on Monday and Tuesday. That is my thought. I am building up cash though and putting money into my bond funds. In two weeks I will be buying more Clad-Silver Halves. TS you know what Im talking about. I have put all the cash I am going to out into the market for now.

 

I dont think Mr Cramer even sees this one coming.

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#4) On April 17, 2010 at 11:35 AM, dudemonkey (38.85) wrote:

THE MARKET IS ABOUT TO PLUNGE!!!  Day 390

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#5) On April 17, 2010 at 11:47 AM, SUPERMANSTOCKS (59.43) wrote:

Don't hold your breath just yet. When it drops 200.00 and closes that way that will be the sign

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#6) On April 17, 2010 at 2:33 PM, TSIF (99.96) wrote:

Superman...the sky isn't falling.....that's my line!!  :)

Funny, guess it takes all kinds.  Top Secret says not to buy because of Goldman Sachs and Greece.

I made large purchases Friday in Goldman Sachs AND NBG, the National Bank of Greece.  It takes all kinds I guess to keep that money moving in circles.  I did go a bit bearish last week in other ways, but I had to invest my I Love ABK PUTTS somewhere!  :)

One should be very careful in investing, but this Market has topped theory has been going on for over a year now.  Bears that are hibernating are no doubt burning off a lot of fat while waiting to come out of the cave. I'd rather look for a few berries once in awhile to keep my figure.

TSIF  (The Sky Isn't Falling)  Today.....although I agree the cinders will land from time to time somewhere.

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#7) On April 17, 2010 at 2:43 PM, Tacomatight (73.84) wrote:

Listen to TSIF.The rest of the comments are chumpville.

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#8) On April 17, 2010 at 5:04 PM, SUPERMANSTOCKS (59.43) wrote:

TSIF,

I know what he TS said. I own GS and its in my IRA for a 10 year hold. I won't put my money into greece. But just remember the old saying Higher lows and all that .....

 

We're gonna go up and then sideways for a while. Also, and I hate to say it. But people around the US will have to get use to living on less just like our grandparents and great grandparents did. But like I have said. I will be putting my money into Silver- Clad Halfs. dates involved are 1965-1970. I have plenty of Ammo for now.

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#9) On April 17, 2010 at 5:13 PM, TSIF (99.96) wrote:

Great Superstocks. I didn't mean to call you out, I was only replying to your "The Sky Isn't Falling" comment as that's my tradeline, but I don't have a patent on it and TSIF can stand for other things as well. :)   I agree with your commetns.

I agree that the world isn't rosy and our standard of living is dropping.   I'm just amazed that die-hard bears chose to post/comment on an investment site.  If you're not investing then what are you doing here??

All points add to the mix.

Best wishes.

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#10) On April 17, 2010 at 5:35 PM, SUPERMANSTOCKS (59.43) wrote:

TSIF,

I think our comments here are mixed. I am not upset with you,. I am however, just tired.  I like bear as far as investing goes. I like being a bull. But I somehow always find myslef stuck in the middle. I am currently invested in PREMX.

I do not think this will protect me from any sky falling on me. But it does pay a dividend once a month or the last I checked it did. If you like I will post what I own. I mean what I really own at the present.

Don't get me wrong I think that GS is now on sale. But I think it has more to shed yet. I won't be buying any though. I will be buying more Silver-Clad halves and placing money into PREMX.

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#11) On April 17, 2010 at 5:44 PM, TSIF (99.96) wrote:

Yes, supermanstocks, things are getting mixed.  The sky is falling trademark comment was directed at you :)

 But the die-hard bear on the investment boards comment was not! 

 I do agree that Bears need short ideas as well, so I mispoke there as well. I'm an equal opportunity investor. I think some bulls need to look across the fence, and some bears need to come out of the cave, the balance is there somewhere.

 I was thinking more along the lines of an alstry with that comment, who wasn't investing at all.

I like the Premx link, I'm looking at emerging markets. It comes with the caveat that there is no guarantee in these markets, but that is part of the risk/reward thesis.  I wouldn't be fond of the 9% in Russia, but that's the benefit of a "basket" of equities.  And I really think that if Russia defaults, we will have bigger problems to worry about.

Thanks for the banter, again, I think we mostly agree and my comments were mixed pokes at you for the Sky is Falling comment and mostly replies to the thread. Thanks!!!

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#12) On April 17, 2010 at 11:12 PM, SUPERMANSTOCKS (59.43) wrote:

Best of luck to you TSIF and to all who are investing.

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#13) On April 17, 2010 at 11:42 PM, eddiejack100 (< 20) wrote:

whats with the silver clads halfs and the dates

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#14) On April 17, 2010 at 11:51 PM, Tacomatight (73.84) wrote:

Something thats really in fashion at coin/gun shows I'm betting. haha

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#15) On April 17, 2010 at 11:57 PM, SUPERMANSTOCKS (59.43) wrote:

Eddiejack100,

those are the only dates that are 40% and the rest nickel cupro/clad. Prior to 1965, start 1964 and before they were 90% silver 10% copper. I am a former coin dealer numistist. I worked on my own dealing in coins from 2001 until 2004 and then for someone from 2006 until 2009. I am now full time working as government employee for a small village of 1000.

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#16) On April 18, 2010 at 2:07 AM, JestYourFool (< 20) wrote:

TSIF,

Thanks for the banter, SUPERMANSTOCKS, again, I think we mostly agree and my comments were mixed pokes at you for the Sky is Falling comment and mostly replies to the thread.

I guess some of your comments were then meant for me, TSIF!  I am invested in the market - maybe in too many stocks.  My comments were based on the fact that I think too many stocks are currently over priced.  Too many stock prices have gone up with mediocre performance.  It seems after the "Great Recession," any positive movement raises the price of the stock.  We still have almost 10% unemployment (higher if we counted everyone looking for a job or better job), the housing sector is still in trouble, and recently much of the increase in consumer purchasing has been propped up by government incentives (incentives to buy cars, incentives to buy houses, 99 weeks of unemployment benefits).

Whether it's a bear market or a bull market, there are always good stocks on sale.  However, they are becoming more difficult to find right now.

Jest

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#17) On April 18, 2010 at 3:20 AM, SUPERMANSTOCKS (59.43) wrote:

As they say in DaHood its all good LOL

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#18) On April 18, 2010 at 12:53 PM, TSIF (99.96) wrote:

Jestyourfool, I completely agree, there are many overpriced, certainly on valuation and future earnings.  But there are bargains to be found if people look.  Knowing to play cautioniously is great.  My comments are mostly for the PERMABEARS.  Look at Alstry who shut down buying all together and spent his time checking the dates on his C rations and his ammo.  Many permabears have been waiting for the sky to fall for over a year now.  Many missed opportunities.  If you're a bear looking for puts or investments based on being a bear then good luck to you....if you are a bull looking for long term investments then good luck to you.  If you are NOT trading at all, just giving random advice, then I'm not clear what you're point is.  If you think the SKY is Falling then run away, but don't linger trying to transfer your philosophy to others.

To each his own, bulls, bears, mixed, or even permabears, but pass me some investing advice that doesn't have to do with DON'T invest, buy C-Rations and Ammo.   Best wishes, I think you have the right mix!

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#19) On April 18, 2010 at 12:56 PM, TSIF (99.96) wrote:

SupermanStocks....apparently I need to do my homework...thanks for the tips..   I thought silver was completely taken out of coins in 1963.  I remember my father getting rolls of dimes and quaters from the banks and fishing out the 63 and earlier just as silver was going crazy back in the early 70's.  I remember getting $1.10 for my dimes and $2.25 for my quarters.   I also recall my Dad lamenting at how many silver coins we must have used on the ice cream truck when it went downt the street and we raided his coin dish.  Of course no one knew at that time about the silver.  Sounds like halfs kept some silver long after I thought they did!

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#20) On April 18, 2010 at 1:05 PM, GenericInvestor (86.35) wrote:

i've bought Monsanto and Western Refining recently.

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#21) On April 18, 2010 at 7:48 PM, JestYourFool (< 20) wrote:

TSIF,

I can't tell you if I'm a bear or a bull!  I look for companies that are relatively cheap and then companies that pay dividends.  I want low prices, value, AND income - I want it all!  :)

I don't know who Alstry is.  However, if he is like some people I knew in 1999 who bought tons of canned goods, guns, and generators because they thought everything would end, then he's in trouble.  If everything in the world shuts down for more than three days, it's going to be "bear eat bear"!

Jest

P.S.  I bought as much of the market as I could in 2008-2009.  It was a great time to buy!  As Warren Buffet says, "Buy when there is blood in the streets!'

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#22) On April 18, 2010 at 9:15 PM, TSIF (99.96) wrote:

Alstry is one of CAPs resident Permabears. On the blogs home page you will see he ranks 1ST in blogs written and Blog recommendations.

http://caps.fool.com/player/alstry.aspx?source=iersitlnk0000002

He closed all of his picks this week after his score finally dropped from 99+ to 30 the last week. Many of our resident permabears were 99+ players though last March and April, but have been steadily declining. The CAPS system is such if you have a strong accuracy, you can hold as highly ranked with very few points....when it crumbles, it falls fast.

Good call on your 2008-2009.  I'm very happy with what I bought during that timeframe as well. Clearly, in hindsight, as with most people, I didn't buy as much as I should have, and I didn't hold my winners as long as I should have. I still have some $1 Ford shares, but not nearly as many as I bought. Such is life.... :)

It doesn't sound like you're a bear...it sounds like you're a conservative, cautious bull, which can be the best kind over the long haul if you believe that stocks will have their cycles, but will predominantly go up. If you don't believe that, then you're probably not trading.  Rotating your C-rations and ammo is your hobby instead.  Good luck!

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#23) On April 18, 2010 at 9:25 PM, SUPERMANSTOCKS (59.43) wrote:

TSIF

 

keep in mind that it is only the Halves that are 40% Silver from 65-70. Nothing else.

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#24) On April 18, 2010 at 10:07 PM, G8BigBoom (67.42) wrote:

Short, Short, Short

 PLEASE KEEP SHORTING THE MARKET

 

Because I am not

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#25) On April 18, 2010 at 10:17 PM, JestYourFool (< 20) wrote:

TSIF,

I agree.  I didn't buy nearly enough stocks in 2008-2009.  However, I didn't sell anything either.  I'm definitely a "buy and hold" kind of gal!  Even when they run into the ground - like Enron and Krispy Kreme!

Sorry, I don't have any C-rations, guns, or ammo!  :)

Jest

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#26) On April 27, 2010 at 3:10 PM, topsecret10 (< 20) wrote:

Stocks plunge on Greece and Portugal ratings cuts......     Oil heading to 100 bucks,the Feds are broke and In debt to their eyeballs,unenmployment Is getting WORSE......  TS    http://www.thestreet.com/story/10737053/1/stocks-plunge-on-greece-portugal-rating-cuts.html?puc=_tscrss 

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#27) On April 27, 2010 at 3:13 PM, ckfinance2003 (93.92) wrote:

I've been eyeing my Cabellas stock up 300%, yeah doesn't seem rational.

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#28) On April 27, 2010 at 3:44 PM, topsecret10 (< 20) wrote:

#27) On April 27, 2010 at 3:13 PM, ckfinance2003 (78.79) wrote:I've been eyeing my Cabellas stock up 300%, yeah doesn't seem rational.    Take half off the table,and leave yourself with your original Investment back In your pocket and the remainder of the stock Is FREE...........    TS

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#29) On April 27, 2010 at 3:50 PM, topsecret10 (< 20) wrote:

 Down 200...........

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#30) On April 27, 2010 at 4:20 PM, topsecret10 (< 20) wrote:

 Greece cut to junk...........     http://www.businessweek.com/news/2010-04-27/greece-cut-to-junk-at-s-p-as-contagion-spreads-through-europe.html

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#31) On April 28, 2010 at 6:37 PM, SUPERMANSTOCKS (59.43) wrote:

Topsecret,

 

You're right Greece is junk. Someone also said to buy oil. I have to suggestions on that issue for inexpensive oversold / undervalued Oil Stocks HNR and BPZ. Also, presently I have 167.00 free to invest and I am holding cash. Bought some 40% Silver Clad Halves today and One Silver Eagle for 40.00 total. Presently my brokerage account is down 427.00 and Im not worried about anything. So I only ask one thing TS. What would you buy with my 167.00 right now?

 

Respectfully,

Supermanstocks

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#32) On April 29, 2010 at 12:49 AM, topsecret10 (< 20) wrote:

 Superman....  If I were to buy anything at all right now with that amount of money,I would buy  (LGDI) and hold It. http://www.lgdi.net/   It recently traded down to 97 cents,and my brother purchased 1000 shares. I currently own 10,000 shares. They have some serious players Involved with their company,and I expect good news to begin trickling out over the summer. You cannot grow food without Phosphate,and It looks like the stars are aligning for this little fertilizer player. This Is not a trade,It's a long term hold. I will probably be buying more of It In the future. I will be updating my real money portfolio soon. I have been In and out of the hospital undergoing tests for nighttime seizures that I have been having. Thats why I have not been blogging much lately. My next test Is on May 10th,when I go In for an (EEG) They have been trying to figure out my problem since March 2nd,and we are still not sure what Is wrong. I have to take an anti-seizure medication every night right now to control my condition. I have had numerous MRI's and Cat Scans...  Still have not figured It out. Hopefully we will find out something after my May 10th test.  Be careful In this market right now. We are due for a large correction......    Alll the best....   TS

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#33) On April 29, 2010 at 12:58 AM, topsecret10 (< 20) wrote:

 Here Is another company to keep a serious eye on at these prices.....   http://www.adolor.com/company/index.asp   Insiders purchased 198,000 shares @ $1.98 TODAY, (Barker Brothers capital holdings) and they now own over 5.6 million shares.....  just a little tidbit to chew on.....  Closed today @ $1.93....    TS

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#34) On May 06, 2010 at 3:12 PM, topsecret10 (< 20) wrote:

   #32 Topsecret on the call AGAIN....           Be careful In this market right now. We are due for a large correction......    All the best....   TS

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#35) On May 20, 2010 at 10:30 PM, topsecret09 (36.88) wrote:

Down 1000 points on the dow since my call.....     TS

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