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Market debreif
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BBB725
Benefactor
Cat is where they are now because of Donald Fites during his reign he broke the union and had CAT focus on what they do best, build tractors. Jim Owens is using a lot of automotive business practices and is ruining relationships with suppliers. Yes CAT is laying off and doing some good but I've been supplying parts for 35 years and think the company is headed in the wrong direction. That just my opinion.
Expensive Date
New member
SSTP Fraud Alert! 17-Feb-09 02:50 pm Mr. Rivera who controls SSTP is a fraud and has nothing more than a pyrolysis process. Pyrolysis is a well-known but fairly useless process where material is heated without oxygen until it breaks down to solids, liquids and gasses. The process fascinates people who've never seen it before and Mr. Rivera's constant suggestions that his process produces a valuable fuel gets investors throwing money at him.
Mr. Rivera was basically called a fraud by Judge Posner in 1991 when Torco Oil went after him for non-delivery. Mr. Rivera is also currently in litigation with the SEC for fraud and, in addition, was just found in Mississippi court to have defrauded Mr. Trevisiol while pushing the same process. You can further read SSTP's recent filings and judge for yourself whether Mr. Rivera is a swindler or not. I would highly suggest reading SSTP's filings.
Mr. Rivera has a long history of fraud and if you're happily sitting on your SSTP shares believing that he's not swindling you right now, you're going to eventually be in for a rude awakening. In the Posner trial against Mr. Rivera, Judge Posner suggested to Torco Oil that they should be more diligent about checking out their partners so they don't end up doing business with fraudsters like Mr. Rivera. Mr. Posner's words should strike a note with current SSTP shareholders. However, if you want to learn for yourself rather than learning from history, that's certainly your option.
Pulled this off another message board I would stay away.It seems that if you want to sell now it hard unless you find some one to buy them
Mr. Rivera was basically called a fraud by Judge Posner in 1991 when Torco Oil went after him for non-delivery. Mr. Rivera is also currently in litigation with the SEC for fraud and, in addition, was just found in Mississippi court to have defrauded Mr. Trevisiol while pushing the same process. You can further read SSTP's recent filings and judge for yourself whether Mr. Rivera is a swindler or not. I would highly suggest reading SSTP's filings.
Mr. Rivera has a long history of fraud and if you're happily sitting on your SSTP shares believing that he's not swindling you right now, you're going to eventually be in for a rude awakening. In the Posner trial against Mr. Rivera, Judge Posner suggested to Torco Oil that they should be more diligent about checking out their partners so they don't end up doing business with fraudsters like Mr. Rivera. Mr. Posner's words should strike a note with current SSTP shareholders. However, if you want to learn for yourself rather than learning from history, that's certainly your option.
Pulled this off another message board I would stay away.It seems that if you want to sell now it hard unless you find some one to buy them
planetwarmer
New member
I invest all of my hard earned dollars in a guaranteed big-time loss, my boat and motorcycles!:dupe:
I feel they give the best "return" on investment though!:26:
I feel they give the best "return" on investment though!:26:
fund razor
Founding Member
Dropped 115 in the first 5 minutes? Dam.
Maybe it will bounce.
Maybe it will bounce.
BBB725
Benefactor
From my pension manager:
The credit markets led us into this mess and the fact that credit markets are beginning to function normally again is positive. The panic has moved from the credit markets last summer and fall to the stock market now, financial stocks in particular. I think it would be a mistake to join in on the panic and sell now. I firmly believe that when the momentum changes, it will be dramatic. I believe this for 2 reasons: 1.) Short-selling is rampant and is now being done by amateurs through new ETF's that trade like stocks. When the market begins to turn, we will experience the greatest "short squeeze" of all time when these positions are unwound; 2.) Uninvested cash sitting in money market funds and t-bills is at mind-boggling levels - more than 2x the value of the capitalization of world stock markets. And, it's earning roughly 0% right now. Investors will become impatient with 0%, or even 1-2%, interest rates at the first
sign of stabilization. Even if a small portion of this cash is allocated to stocks, it will have a significant impact on stock prices.
The credit markets led us into this mess and the fact that credit markets are beginning to function normally again is positive. The panic has moved from the credit markets last summer and fall to the stock market now, financial stocks in particular. I think it would be a mistake to join in on the panic and sell now. I firmly believe that when the momentum changes, it will be dramatic. I believe this for 2 reasons: 1.) Short-selling is rampant and is now being done by amateurs through new ETF's that trade like stocks. When the market begins to turn, we will experience the greatest "short squeeze" of all time when these positions are unwound; 2.) Uninvested cash sitting in money market funds and t-bills is at mind-boggling levels - more than 2x the value of the capitalization of world stock markets. And, it's earning roughly 0% right now. Investors will become impatient with 0%, or even 1-2%, interest rates at the first
sign of stabilization. Even if a small portion of this cash is allocated to stocks, it will have a significant impact on stock prices.
Expensive Date
New member
I totally agree and the fact that the market came back up a little is a good sign.I thought for a while this morning we were going to be looking at 4% down today with people not wanting to hold over the weekend.
There is all kinds of rumors about suspending market to market and putting the uptick rule back in place if this is done we may see a decent rally
Wrinkleface
Founding Member
The brief of it is, we R FK'd!!!!!
MarylandMark
Charter Member
So- thoughts on the bottom number now? 6 still?
Expensive Date
New member
Don't know I really did not expect to see lower than the November lows I got proved wrong yesterday.I am really thinking we will be up next week with a pull back Thurs Or Fri.HIG is dirt cheap right now have flipped that 3 times for nice profit 90% last time.
It is just going to take one piece of good news to cause a solid run but we are in a classic bull market it will be up and down for years so my strategy is wash ,rinse,repeat
It is just going to take one piece of good news to cause a solid run but we are in a classic bull market it will be up and down for years so my strategy is wash ,rinse,repeat
BBB725
Benefactor
Ask the President and congress if they are done screwing around?
BBB725
Benefactor
The brief of it is, we R FK'd!!!!!
I think if you keep it in cash, yeah you could be screwed if they start the printing press up and start printing money it won't be worth anything.
MarylandMark
Charter Member
Kind of my thoughts as well. The longer they play, the longer it is going to take to take care of itself and the lower it will head until such time arrives
fund razor
Founding Member
just keeps dropping.
7220. Yuck.
7220. Yuck.
fund razor
Founding Member
7189.
Expensive Date
New member
http://edition.cnn.com/video/#/video/politics/2009/02/17/acosta.housing.cnn?iref=videosearch
I had to watch this twice I could not believe this crap this is what we are bailing out.Its not going to pretty this year is going to get bad but then maybe we can rebuild
I had to watch this twice I could not believe this crap this is what we are bailing out.Its not going to pretty this year is going to get bad but then maybe we can rebuild
fund razor
Founding Member
I am too afraid to watch.
Offshoredrillin
New member
agree 100% so they got greedy and its everyones fault. if the bank wont renegotiate the loan, then let them go into the real estate business. then these people can go and rent a house they can afford, and stimulate the landlords economy because he did everything right. then when they have a savings and can buy another home (within their price range) have at it. there was a point in my life I had to start over, it is hard, but not impossible.
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