You need to stop thinking that Fundamentals is all that should matter because it isn't. Fundamentals only tell us the health of a company and not when to enter or leave a stock position. You can read all the balance and income statements you want but those pieces of papers do not let you make fast enough decisions to enter or exit a trade/investment.
lemme bang my own drum a little, cuz i think you completely misunderstand me and what i am about; keep in mind that the DOW was about 14,000 when i posted this:
posted
General Motors to Slash 23,000 Hourly Jobs Ailing Automaker, Still Trying to Avoid Bankruptcy, Announces New Restructuring Plan; New Layoffs Among the Latest for U.S. Companies By ALICE GOMSTYN ABC NEWS Business Unit April 27, 2009—
In another bid to stave off bankruptcy, General Motors today announced new plans to slash its American workforce. The sputtering automaker said it will cut 21,000 hourly employees by 2010 and an additional 2,000 by 2011.
The layoffs will reduce GM's American hourly workforce by more than one-third, to 38,000, and would cut the company's costs by $2.6 billion. The company also plans to accelerate the closure of more than a dozen factories, phase out its Pontiac brand and reduce the number of dealers it works with by more than 2,600.
"We are taking tough but necessary actions that are critical to GM's long-term viability," GM CEO Fritz Henderson said in a written statement. "Our responsibility is clear -- to secure GM's future -- and we intend to succeed."
GM's restructuring plan was developed, Henderson said, with the support of the Obama administration, which last week lent GM $2 billion, adding to the $13.4 billion that the ailing automaker has recevied in federal aid since December.
Chrysler has weathered layoffs of a similar scale over the last two years. The car company, which, like GM, has received billions in federal aid after facing its own financial troubles, has cut 32,000 positions, or 37 percent of its workforce, since January, 2007. Earlier this year, the company announced it would cut another 3,000 jobs.
-------------------- Wise men learn more from fools than fools from the wise. Posts: 3827 | From: beautiful California | Registered: Sep 2008
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posted
Killing car brands a rocky road Even struggling brands are vital to legions of dealers and they don't usually go down lightly. By Peter Valdes-Dapena, CNNMoney.com senior writer Last Updated: November 4, 2008: 8:40 AM ET NEW YORK (CNNMoney.com) -- As General Motors struggles to sell cars, one repeated bit of advice is that it needs to shed some brands -- especially if it joins forces with Chrysler. But there's one big roadblock in the way -- the dealers who sell those cars.
"It's very difficult," said Tom Libby, an auto market analyst with J.D. Power and Associates "and very time consuming,"
Libby formerly worked for Ford Motor Co. (F, Fortune 500) His job was to help open new dealerships and work to close underperforming ones.
There is only one way to get an auto dealer to close up shop, he said: "It almost always involves the manufacturer paying the dealer to close his doors," a tricky business of asking dealers to give up their businesses.
"All states have some form of protection for car dealers," said Matthew Moloshok, a New Jersey lawyer who is former head of the American Bar Association's Franchise and Dealership Committee.
State laws often restrict the terms under which a manufacturer can refuse to renew a dealer's contract and the terms under which they can allow nearby dealerships to open. Anything seen as "coercion" is also usually prohibited. Laws also prevent manufacturers from favoring one dealer, for instance by selling vehicles at a lower price to one dealer than to another.
Car dealers need those laws to protect themselves from capricious actions by carmakers, Moloshok said. Unlike clothing retailers, for instance, who may sell products under a variety of brands or who could easily switch from one supplier to another, a car dealer is married to that brand.
Further complicating the matter: No single approach works, because laws vary from state to state, according to Libby. And dealership franchise laws are usually much stronger than laws that apply to other types of franchisees, said John Frith of Urban Science, which consults automakers on dealership location strategy.
"Dealers typically have more money so they have a little bit more influence with the legislature than the local Subway," he said.
Not your father's phase-out
GM's experience with phasing out its Oldsmobile brand in the early 2000's shows how hard it can be to get dealers to close or change their line of business to match a manufacturer's strategy. And moving to another GM brand wasn't always possible because of competition from nearby dealers.
"I had good friends who were Oldsmobile dealers that are just out of the car business," said Reed Trickett of Nashville, Tenn., a former Olds dealer.
Oldsmobile sales made up just 1.6% of America's market share in 2000, a sharp drop from 6.5% a decade and a half earlier when it had been one of America's top-selling car brands, according to market trackers at Autodata. At the time, GM (GM, Fortune 500) said it jut couldn't find a way to make Oldsmobile profitable again.
After he was presented with a buy-out offer from GM, Trickett said he called lawyers and seriously considered suing. He ultimately decided to take a cash pay-out GM offered, using the money to expand his adjoining Honda dealership.
Of the 2,800 Oldsmobile dealerships in operation in 2000, most accepted GM's proffered buy-out packages. Amounts varied depending on the dealer's sales volume in prior years and what percentage of those sales came from Oldsmobile.
But dozens of other dealers did fight for more money from GM, according to lawyers who represented them.
"We ended up with 19 lawsuits in 17 different states, I think that was the final number," according to Florida attorney Richard Sox who said at least 100 dealers hired his firm to fight GM for more money.
Each of those states had its own set of laws under which the suits were filed, argued and, in most cases, negotiated to settlement, he aid.
After that, GM simply started negotiating higher-priced settlements without waiting for a legal filing. One case is still not resolved, Sox said.
GM would not comment on the amounts but, according to media reports from that time, packages varied widely from tens of thousands to more than a million.
And GM did assist many dealers by helping them shift to other brands, said company spokeswoman Susan Garontakos. GM would not say how many dealers sued or negotiated while threatening to sue.
Shrunken but not dead
At least GM's approach in the Oldsmobile case -- an outright killing of the brand - gave dealers a fighting chance, said Sox.
"The worst-case scenario for the dealers is what's happening now with some of the line-makes," he said, using another term for brands.
Instead of just dropping them, manufacturers are simply shrinking the line-ups of some brands and combining them in one-stop dealerships with other brands. This is what GM is doing now with its Pontiac, Buick and GMC line-ups.
Besides reducing the number of dealerships, "brand channeling" is supposed to allow each brand to more tightly focus on a core vehicle type while still allowing the dealer to sell a full line-up of cars, trucks and SUVs.
But according to Sox, "They're strangling these line-makes so they're not viable."
Buick now has just three vehicles in its line. For a Buick dealer, GM's invitation to work out a business deal with a nearby Pontiac dealer is pretty hard to resist.
GM spokeswoman Garontakos took issue with Sox's view of the process. She called the plan good business for all involved and not an intimidation tactic.
Besides, said Frish of Urban Science, dealerships represent their brands to consumers, for better or worse. No carmaker wants to deliberately starve any on-going dealers.
"It's just not good to have dealers going out of business," he said, "The brand's value is tarnished in the marketplace"
Check the box to include the list of links referenced in the article.
-------------------- Wise men learn more from fools than fools from the wise. Posts: 3827 | From: beautiful California | Registered: Sep 2008
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posted
This is good. It shows some wages are even higher than UAW workers in some cases. Toyota, Honda and others sure don't want to put up with the Unions.
But Toyota workers' pay topping that of UAW members comes as the union faces contract negotiations this year with struggling Detroit companies that will seek billions in concessions, partly because they face higher costs for retiree health care and pensions than their foreign-owned competitors.
I saw this and if it is true, it shows the blame is to be shared.
Link:http://www.nolanchart.com/article5494.html
Reader Comments:
Posted By: trd Date: 2008-11-17 22:42:20
I used to be in the auto industry. The sense of entitlement within the employees is horrible. The big auto companies and their employees have become a big socialist comune of their own. That is one of the many reasons why it is failing.
Here are my views as an employee of Chrysler and GM in the last 12 years:
The company spends like crazy at all levels as does our government. They are extremely beurocratic like our government. They have a 'job banks' where union guys can't be fired so when plants shut they get paid to go to a warehouse do do ABSOLUTELY NOTHING like our welfare system. Some union workers have been in these job banks getting paid to do NOTHING for over a decade because there are no more positions for 'wood modelers' inside the company. UAW President said that the job banks is non-negotiable and these stupid executives granted their wish.
The top-level executives take the company down while sucking millions in 'bonuses' for the crapy job they have done and they cave into the ridiculous unions agreements like our politicians do with the voters. Performance is based on how well you kissed your supervisor's ass and not on actual performance like our career Senators kissing our asses in the voting booths.
Of those employees who are not union or high paid execs, there is a sense of entitlement for the number of years devoted to the company as if the company owes them. In reality other than pension benefits which are no longer there for the new guys, the company has already paid and overpaid them for all those years so there really is no debt due.
In GM, while they are reducing the workforce, they still have more managers than needed. You have a huge company with a lot of low level managers earning more than six figures managing just about 5 people, sometimes less, sometimes managers with NO people reporting under them. All of these managers and those above them in a hierarchy of about ten levels deep from the CEO have a perk of getting a new car as a company paid lease every four months including insurance, gas, maintenance, car washes. These cars are then sold as used cars through the dealerships with only four months used. There are lots of these managers who on the good days were promoted solely on seniority and entitlements. These managers ask for suggestions on cost cutting efforts. Most employees below them suggest to get rid of these free car lease program. ..and most of those managers reply: "I have been here for over 20 years, I deserve this perk" the entitlement kicking in again.
It is the sense of entitlement at the CEO level, at the low-level manager, at the non-union low level employee, and at the union level that in addition to all the other factors have ruing the auto industry.
See the similarities now between GM and the U.S. Government?
Figure 14: Estimate of Labor Tiering Cost on a Vehicle: North America in 2003
I think we are seeing the beginnings of real competition in the North American auto industry. But my thoughts and prayers go out to all who are going through bad times, or are about too.
Posts: 105 | From: Toronto | Registered: Nov 2005
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Profitability per Vehicle Source: 2005 Harbour Report
GM: Loses $2,331 per vehicle
Toyota: Makes $1,488 per vehicle
-----------------------------------------------
Average Hourly Salary for Non-Skilled, Assembly Line Worker
Source: Center for Automotive Research GM:
$31.35/hour NOTE: Includes idle workers still on payroll and those on protected status.
Toyota: $27/hour NOTE: Includes year-end bonus.
This is beyond sad. What does an Idle worker do!! Or a protected status worker!! Sounds like NOTHING!!!!!!Sounds like a job bank. I never knew they existed. OMG!
That's going too far. Job banks should be run by the Union hall. Actually, all of the auto industry should be run out of the "union hall".
Maybe that's next.
Posts: 105 | From: Toronto | Registered: Nov 2005
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Profitability per Vehicle Source: 2005 Harbour Report
GM: Loses $2,331 per vehicle
Toyota: Makes $1,488 per vehicle
-----------------------------------------------
Average Hourly Salary for Non-Skilled, Assembly Line Worker
Source: Center for Automotive Research GM:
$31.35/hour NOTE: Includes idle workers still on payroll and those on protected status.
Toyota: $27/hour NOTE: Includes year-end bonus.
This is beyond sad. What does an Idle worker do!! Or a protected status worker!! Sounds like NOTHING!!!!!!Sounds like a job bank. I never knew they existed. OMG!
That's going too far. Job banks should be run by the Union hall. Actually, all of the auto industry should be run out of the "union hall".
Maybe that's next.
It's already happening Robot.
UAW to own 55% of Chrysler under restructuring deal.
By Myra P. Saefong, MarketWatch Last update: 9:37 p.m. EDT April 27, 2009TOKYO (MarketWatch) -- Under an agreement struck between the United Auto Workers union and Chrysler LLC, the union would eventually own 55% of the auto maker's stock once the company is restructured, according to a report late Monday from The Wall Street Journal. The summary of the agreement also shows that Fiat SpA will "eventually" own 35% of Chrysler, and the U.S. government and Chrysler's secured lenders will own another 10% of the company following its reorganization, the report said. The UAW union reached tentative deals with Chrysler and its potential partner Fiat Group on Sunday, with the union giving up key concessions that will allow Chrysler to avoid bankruptcy.
-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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posted
OMG if thoes numbers are true our automotive industry can not compete it is just a matter of time before they sell themsleves into bankruptcy.
I could see a sales meeting now thats ok boys we lose a little on every car but we sure know how to get volume.
-------------------- Wise men learn more from fools than fools from the wise. Posts: 3827 | From: beautiful California | Registered: Sep 2008
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quote:Originally posted by glassman: when a pumper chooses a stock? he/she buys into it big.
when i began trading? i had a very specific goal and reason to do so.
i didn't reach my set $ goal, but i did get close enough to acheive the reason i began trading and that was to raise money to start ny glassblowing busines, i did enough to get it going, i now work ten times as hard (physically) to (currently) make less money.
i will make much more $ before long, unless i die too soon, because i am a stubborn SOB.
my point is multi-fold.
i had a goal/reason. i do what i want not for the money but in spite of the money. i work harder now because it is not about the money. of course i have to have money but it is just a tool, just like it was in trading.
so about th emanipulation? i learned within the first year to spot a pumpandump BEFORE the pump simply by watching the charts and using a SET ofscreeners tweaked very precisely and then compared to each other.
i gave simple explanations on how to do it many times here.
the charts are all history. they mean absolutely nothing unless EVERYBODY agrees on what they mean. it's all voodoo. voodoo is BS, except to the people that beleive in it.
i got in on many pumpandumps before the pump because i wtched for unususl and relatively minor fluctuaions in volumes with almost no changes in prices.
the charts are painted by th etraders. you can move into a stock slowly and quietly for a couple of weeks and then pump it. all you have to do then is hit the ask as few time or even bid above the ask, and they'll accomodate you by raising the posted ask.
i posted how to do this many times. charts work because people think they do. voodoo works because people think it does. the fact is that voodoo and chart reading are simply mind control.
1. Your glass business is more of a hobby then a income producing business in that you rely soley on it to live on imo.
2. If you think charts are voodoo then you obviously do not get them. A stocks volume quietly increasing while the price isn't is nothing more then Ax(es) trying not to stir the market into a buying frenzy and driving the price up. I watch the same volume patterns as you described. If you do not know what an Ax is then I suggest you look it up.
3. What you are describing is not the classic picture of a Pump/Dump. Classic scenario is me buying a quiet non moving stock at the current Market price. Then i go on message boards and such spreading false rumors to create a frenzy to drive the stock price up. Once said stocks' price is up I dump it while the frenzy continues temporarily. Or I sell my position and go short to win on both sides of the trade. That is a classic Pump/Dump.
Like I said, what you are describing is an Ax (or more then 1) which are institutional buyers trying to be quiet about entering a stock position without driving the price up. You'll see the volume steadily increase but the price doesn't move much.Eventually the traders wise up as to what the Ax is doing and they then enter the game and drive the price up as well as the general public who go with the Trend. Simple as that. No Voodoo about it. Just cold chart reading skills and understanding of Human Pscychology as it pertains to the financial markets. Charts are a visual of human behavior in a market.
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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quote:Originally posted by glassman: once again i will tell you to look into buying your local power co (gas or electric) directly with them and do dividend re-investemnt.
i hold thru the ups and dwns because i get MORE shares for my dividends when the price goes down. hen i get even more dividends for even more shares. it's called compounded interest and every single serious Investor maximizes the potential of this with larger part of their Capital.
think about it.
that's investing. it works. it takes discipline whne you want the Corvette and you can pay cash for it? you buy the Fusion and keep on investing
I know what compound interest is glassy. And I am not saying that "investing" will not make you money. Just that it will make you less money then trading. I would bet my cookies that a Professional Trader vs A Good investor would reach $100,000 first, starting with let's say $1,000.
In Poker we have terms for an investor and trader. An investor would be a Rock. Always waiting for the best hand only and winning small pots only. They play it safe and do not take much risk. Only bet on Blue Chips if you will. Earning a safe 10% per year or whatever the current fad is.
While a trader would be described as a "solid" poker player. Selectively aggressive. Plays the opponents more so then what cards he is holding. They take calculated risks and are richly awarded for doing so. These are the players that beat the ring/cash games and/or tourneys. You hear their names over and over: Brunson, Ivey, Helmuth, Ferguson, Juanda, Negreneau etc.. etc..
I hope you see what i mean. Without risk there is no reward or very little reward.
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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quote:Originally posted by Pagan: It's already happening Robot.
UAW to own 55% of Chrysler under restructuring deal.
By Myra P. Saefong, MarketWatch Last update: 9:37 p.m. EDT April 27, 2009TOKYO (MarketWatch) -- Under an agreement struck between the United Auto Workers union and Chrysler LLC, the union would eventually own 55% of the auto maker's stock once the company is restructured, according to a report late Monday from The Wall Street Journal. The summary of the agreement also shows that Fiat SpA will "eventually" own 35% of Chrysler, and the U.S. government and Chrysler's secured lenders will own another 10% of the company following its reorganization, the report said. The UAW union reached tentative deals with Chrysler and its potential partner Fiat Group on Sunday, with the union giving up key concessions that will allow Chrysler to avoid bankruptcy. [/QB]
I was kinda thinking more of how the construction trades work. They are on a work list and report to the union hall for their job assignments.
But THIS, 55% stock ownership is great news IMHO. Now the union may take a more commonsense approach to their demands, and also not strike as often. This will also cut down on thousands of wasted hours of arguing and posturing between management and unions. The union will be more inclined to help the company.
Now, how do they fix the management problems? Oh I know, what about a fixed income of oh say $100,000 for all upper mngt. and a bonus based on oh maybe ah......how well the company does!
Posts: 105 | From: Toronto | Registered: Nov 2005
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quote:Originally posted by Machiavelli: 1. Your glass business is more of a hobby then a income producing business in that you rely soley on it to live on imo.
That's gonna sting.
Lots a people are self employed. Some have employees and some don't. I was in the SF Bay Area a few weeks ago and stepped into a glass gallery. The pieces started at $14000. and went way up.
Posts: 105 | From: Toronto | Registered: Nov 2005
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quote:Originally posted by Robot: That's gonna sting.
Lots a people are self employed. Some have employees and some don't. I was in the SF Bay Area a few weeks ago and stepped into a glass gallery. The pieces started at $14000. and went way up.
Glassy well off with $$ imo that he does this for personal enjoyment more then for income... Didn't he imply that in his post about it?
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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posted
Glassman I admire you,you have found what most never do in life I call it your friday nite essence you have taken what you love to do most in your spare time,that is productive, and you have turned it into a business that you make a living at by producing value and bueaty for people.
You will most likely turn this into a bigger business over a long period of time with out even realizing it because you certainly love it.
Good for you I say.
-------------------- Wise men learn more from fools than fools from the wise. Posts: 3827 | From: beautiful California | Registered: Sep 2008
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posted
1. Your glass business is more of a hobby then a income producing business in that you rely soley on it to live on imo.
wow, you have some ability that allows you to see my life?
2. If you think charts are voodoo then you obviously do not get them
they are voodoo because voodoo only works when people beleive in it.
i'm telling soemthing very important here and your trying to insult me instead of listening to what i'm telling you.
i found (first) several "classic" P&D's- ONEV was the most magnificent which went from under a half cent to over 22 in less than month, there were lots of ones for less "greedy" people too
when TA and FA don't agree? there's money to be made. if that confuses you then ignore me. cuz i don't know to 'splain it any better and if you don't understand what i'm talling you now? you ain't ever goin' to.
What you are describing is not the classic picture of a Pump/Dump
LOL you are just trying too hard. "classic"?
in order to dump? you have to buy in first.
you forget a few years back when i posted an easy 20%er EVERY day day in day out for a couple years?
i even splained exactly how i found 'em, gave the exact TECHNICAL search parameters and anlytic methods to ANYBODY that asked. the posts are still on the hard-drives but you'll have to find 'em yourself.
In Poker we have terms for an investor and trader.
in poker? i've been known to make people throw the table across the room i get inside your head, i play to win and i take no prisoners
I know what compound interest is glassy. And I am not saying that "investing" will not make you money. Just that it will make you less money then trading. I would bet my cookies that a Professional Trader vs A Good investor would reach $100,000 first, starting with let's say $1,000.
yeah but an investor doesn't have to sit in front of the PC all day...
if you notice? i don't sit in front of the 'puter all day anymore- i don't trade these days -i'm too busy having fun working 70 hrs per week at my "hobby"....
BTW? i sold a several thousand dollar single peice of art recently, nice "hobby" what's yours?
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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quote:Originally posted by Robot: That's gonna sting.
Lots a people are self employed. Some have employees and some don't. I was in the SF Bay Area a few weeks ago and stepped into a glass gallery. The pieces started at $14000. and went way up.
Glassy well off with $$ imo that he does this for personal enjoyment more then for income... Didn't he imply that in his post about it?
no i didn't imply that. i don't live hand to mouth, but i have very high goals and they require a full commitment of time and money, and i did build this setup without borrowing a penny. but i drive old vehicles and keep them running and i live in a very modest home in order to reach my goals.
i could have bought all the house i can afford and bu new cars every three years and do something that is easier.... i chose differently cuz the journey is what it's all about..
i wish the same opportunity for everybdy, but realistically i know that's not possible.
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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quote:Originally posted by Robot: That's gonna sting.
Lots a people are self employed. Some have employees and some don't. I was in the SF Bay Area a few weeks ago and stepped into a glass gallery. The pieces started at $14000. and went way up.
Glassy well off with $$ imo that he does this for personal enjoyment more then for income... Didn't he imply that in his post about it?
Glass wrote: i didn't reach my set $ goal, but i did get close enough to acheive the reason i began trading and that was to raise money to start ny glassblowing busines, i did enough to get it going, i now work ten times as hard (physically) to (currently) make less money.
i will make much more $ before long, unless i die too soon, because i am a stubborn SOB.
Sorry for jumping in on your conversation Mac.
What i get out of his statement is that he found a way to add more money to what he was currently making, and was able to squirrel away most of what he figured he needed, in the time frame he gave him self, to start a business in something he was interested in. The number one rule in being self employed is doing what you know\love to do. Then he jumped ship on what ever he was doing and now is investing in his future by working hard and possible learning a little more about business and also marketing his new product.
Well, "well off" is in the eye of the beholder.
I do not know other people's situations on this board but I can tell you, the passion and desire I have for what I do as a contractor, far out weigh what I did when I worked for someone else doing similar things.
quote:Glassy well off with $$ imo that he does this for personal enjoyment more then for income... Didn't he imply that in his post about it?
If you work 40 hrs. a week and get small raise every year, you know what your going to get next year, and the year after that. If your self employed and your "good" or "very good" and a little (a lot) lucky, their is no limit to your income over the years. Unless you work in the auto industry from 2007-2010 like me.
I think he implied he is willing to work hard to give his family a better life than he had. And that he worked it out so he could do it in his back yard. And he has a kickazz time doing it!
Posts: 105 | From: Toronto | Registered: Nov 2005
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quote:Originally posted by raybond: Glassman I admire you,you have found what most never do in life I call it your friday nite essence you have taken what you love to do most in your spare time,that is productive, and you have turned it into a business that you make a living at by producing value and bueaty for people.
You will most likely turn this into a bigger business over a long period of time with out even realizing it because you certainly love it.
Good for you I say.
nothing to admire. i'm just a guy, i like working with my hands, and i have a smart mouth. and i hate sales cuz i have to watch my mouth
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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quote:Originally posted by glassman: no i didn't imply that.
Thats the implication I got from your own statement:
"i do what i want not for the money but in spite of the money. i work harder now because it is not about the money."
in spite of the money? i pass up the luxury items i could afford in order to buy tools and supplies and electricity instead *some very expensive stuff i might add*
i even build my own furnaces instead of buying them because to me it's important to have them be exacly how i want them and to be mine.
a note about getting into peoples heads for poker.. you might like some of these... they work, and you prolly know them, but we'll never play poker together so i'll share..
one thing i love to do with average poker players is pretend to be an "investor" as you call it for 2/3 s of the night... heck sometimes somebody will even fold and say "never bluffs" that when i start bluffing really hard
with more advanced players? i make up a couple of fake tells esp. how look at my cards with my facial epxresssions i make a 'bluff" facial expression, and i make confident expressions. for hlaf the night. then i switch 'em....
i don't even pay that much attention to other peoples tells and i work hard to make mine seem so obvious they think i'm a chump... after ahwile? i switch 'em... it's so easy....
poker ain't gambling. it's an art, and i don't always win, but i almost never get broke.
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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quote:Originally posted by glassman: wow, you have some ability that allows you to see my life?
"i do what i want not for the money but in spite of the money. i work harder now because it is not about the money."
[quote][qb]they are voodoo because voodoo only works when people beleive in it.
i'm telling soemthing very important here and your trying to insult me instead of listening to what i'm telling you.
i found (first) several "classic" P&D's- ONEV was the most magnificent which went from under a half cent to over 22 in less than month, there were lots of ones for less "greedy" people too
when TA and FA don't agree? there's money to be made. if that confuses you then ignore me. cuz i don't know to 'splain it any better and if you don't understand what i'm talling you now? you ain't ever goin' to.
The voodoo thing is your opinion Glass, not a fact. Your entitled to your own opinions but not your own facts. I look for patterns that repeat and i based my trading decisions on them and more times then none they work. An example is a double bottom or double top or a Hammer in Candlesticks etc.. etc..
I know about ONEV because i was in the same trade and made $$ on it based on what i saw on a chart at the time which now i don't remember.
And I never said I didn't understand your concept about making money when FA and TA are in opposites. I am quite aware of that but when they do agree you can also make $$. Either/or.
quote:LOL you are just trying too hard. "classic"?
in order to dump? you have to buy in first.
umm i did say buy first in my example. I said I would BUY a stock that is not moving, then go to forums or elsewhere and spread rumors to pump it.. and last but not least i would dump it when a buying frenzy happens... so where did i not say to buy it first?
quote:you forget a few years back when i posted an easy 20%er EVERY day day in day out for a couple years?
i even splained exactly how i found 'em, gave the exact TECHNICAL search parameters and anlytic methods to ANYBODY that asked. the posts are still on the hard-drives but you'll have to find 'em yourself.
One thing I always did and always told noobs to do is never buy on tips. So no, I never read your posts on such things back then.
quote:in poker? i've been known to make people throw the table across the room i get inside your head, i play to win and i take no prisoners
Sorry Glass, you couldn't beat me in poker in the long run if you tried. Glass making is your "hobby" and Poker is mine. I play it day in and day out when i have the time. I play 7 card stud, Razz, and to a certain extent Limit Hold em and Draw poker. I am looking to explore Omaha and NL Hold em in the future when I have time to study those games.
quote:yeah but an investor doesn't have to sit in front of the PC all day...
if you notice? i don't sit in front of the 'puter all day anymore- i don't trade these days -i'm too busy having fun working 70 hrs per week at my "hobby"....
I'm not in front of the computer all day Glass and I trade. I trade at night. I do my DD and place my bets at night for the morning bell.
quote:BTW? i sold a several thousand dollar single peice of art recently, nice "hobby" what's yours?
Though my job is not my hobby I do sell one item pieces for several thousand dolalrs on any given day. Even sold a $10,500 engagement ring not too long ago to a Chinese gentleman here on business. You know those people who you say are starving or earning pennies on the dollar.
You forget I'm a salesman. As for my own "hobby" of poker, I do well in the long run and as for my other "hobby" of trading i do as well.
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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posted
oh, and one other thing? in all those penny day trades? i neve got into any one of e'm with more than 1500$ and going over 750$ was not common....
i went for it form the perspective of a lot of little "safer" gains than one big one, an di always pulled my intial money out as soon as i could...
i did "lose" alot more than 1500 in paper profits on alot of them for holding too long.... remember silver star?
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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Ummm...I was reading the responses between glassy and Mach. But I have a question. Who actually pissed farther in that exchange?
-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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quote:Originally posted by Pagan: Ummm...I was reading the responses between glassy and Mach. But I have a question. Who actually pissed farther in that exchange?
i got higher up the tree that's all i know
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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quote:Originally posted by Pagan: Ummm...I was reading the responses between glassy and Mach. But I have a question. Who actually pissed farther in that exchange?
i got higher up the tree that's all i know
LMAO! So height counts? That's where ya guys lost me. Thought you 2 fellas was going for distance!
-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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quote:Originally posted by Pagan: Ummm...I was reading the responses between glassy and Mach. But I have a question. Who actually pissed farther in that exchange?
i got higher up the tree that's all i know
LMAO! So height counts? That's where ya guys lost me. Thought you 2 fellas was going for distance!
lololol, lottsa whizzing...but I gotta ask: did ever tell ya about the Cornstubble brothers vs the Appelbee brothers?
In our high-school pantheon of lovers, muggers and thieves, the Appelbees were famous for pissing, from the ground, up on top of a railroad car. The Cornstubbles, from the ground, threw a guy up on top of a 7-11.
quote:Originally posted by Pagan: Ummm...I was reading the responses between glassy and Mach. But I have a question. Who actually pissed farther in that exchange?
i got higher up the tree that's all i know
LMAO! So height counts? That's where ya guys lost me. Thought you 2 fellas was going for distance!
lololol, lottsa whizzing...but I gotta ask: did ever tell ya about the Cornstubble brothers vs the Appelbee brothers?
In our high-school pantheon of lovers, muggers and thieves, the Appelbees were famous for pissing, from the ground, up on top of a railroad car. The Cornstubbles, from the ground, threw a guy up on top of a 7-11.
Get the %#$* outta here...those musta been some long legged boys
-------------------- ***********************
It's all in the timing... Posts: 4303 | From: DSA | Registered: Dec 2003
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quote:Originally posted by glassman: You forget I'm a salesman
actually i mentioned it specifically cuz i know and remebered you are one.
i'm a terrible sales person, so i have to work even harder on my peices to overcome my poor abilities as assaleperson...
I would HIGHLY recommend the book below even if you hate "selling". It's a classic in the selling field and you can read what the customer reviews say about it. Trust me, you won't regret reading this book.It will increase your sales without a doubt:
How I Raised Myself from Failure to Success in Selling by Frank Bettger
quote:Originally posted by Pagan: Ummm...I was reading the responses between glassy and Mach. But I have a question. Who actually pissed farther in that exchange?
i got higher up the tree that's all i know
Get down here you chicken!!!
me going to get the Axe and shorten that tree...
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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quote:Originally posted by glassman: You forget I'm a salesman
actually i mentioned it specifically cuz i know and remebered you are one.
i'm a terrible sales person, so i have to work even harder on my peices to overcome my poor abilities as assaleperson...
I would HIGHLY recommend the book below even if you hate "selling". It's a classic in the selling field and you can read what the customer reviews say about it. Trust me, you won't regret reading this book.It will increase your sales without a doubt:
How I Raised Myself from Failure to Success in Selling by Frank Bettger
quote:Originally posted by glassman: You forget I'm a salesman
actually i mentioned it specifically cuz i know and remebered you are one.
i'm a terrible sales person, so i have to work even harder on my peices to overcome my poor abilities as assaleperson...
I would HIGHLY recommend the book below even if you hate "selling". It's a classic in the selling field and you can read what the customer reviews say about it. Trust me, you won't regret reading this book.It will increase your sales without a doubt:
How I Raised Myself from Failure to Success in Selling by Frank Bettger
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