DFWMustangs stock market game 4 starts 3/25/2014

[HarrisonTX]

Any advice on CFR? Was $80 a few months ago and tanked to $45. I'm not sure if this is a little blip or its on its way back up

[1carcrazyguy]

Had a very very small victory today with ICPT. I was sitting at lunch and the stock went from mid 90's to 101. I had seen it jump several times over the last 2 years so I logged into Scottrade and bought a few shares at 109.61. That was at 12:25. I sold them at 12:55 for $125 a share. No cowskin riches but at least I gained a little of my BABA losses back!!

[Captain Crawfish]

I like TVIX bought a bunch at 5.5 That a a bunch of leveraged etfs etns.

[1carcrazyguy]

aapl getting nice and cheap. Over the cliff it goes

Got my order placed for 90.00 to average down. Right now I averaged at 101. I keep adding as it goes down.


Current sitting on
AAPL
SPY
V

Very small positions in
JCP
LNKD

[Captain Crawfish]

aapl getting nice and cheap. Over the cliff it goes

[Captain Crawfish]

I wish I had Cookie Monster cash! The guy makes buffet look like a broke dick

[Broncojohnny]

Anyone thinking about picking up some LNKD now that it has dropped ~50%?

Shit no, that is just another Silicon Valley turd.

[slow99]

Man who walk through airport turnstile sideways going to Bangkok.

[Strychnine]

Buy the dips get the knife

[Captain Crawfish]

Buy the dips get the knife

[1carcrazyguy]

Anyone thinking about picking up some LNKD now that it has dropped ~50%?

[Baron Von Crowder]

someone hit a home run.

[Strychnine]

Some local boys (Quicksilver Resources) went on the auction block today with $1.21 billion in assets and $2.35 billion in liabilities.

"Quicksilver Resources Inc. (OTC Pink: KWKAQ) announced that Tulsa-based BlueStone Natural Resources II LLC placed the winning bid of $245 million for the Fort Worth-based oil and gas producer and its subsidiaries in a bankruptcy auction."

Economic activity in Texas keeps getting worse

The general business activity index out Monday from the Dallas Federal Reserve for January was -34.6, a six-year low and much worse than economists had expected. The forecast for the monthly index was -14, following a December reading of -21.6 (revised from -20.1) that was also worse than expected.

An index reading below zero indicates contraction. The index was in negative territory for all of 2015, as low oil prices slammed companies that were exposed to the energy sector and a broad-based industrial slowdown took its toll.

"The impact of the continued decline in the energy sector, compounded with several new regulations from both the Environmental Protection Agency and Occupational Safety and Health Administration, is depressing economic conditions even further from 2015," one survey respondent in primary metal manufacturing said. "Demand slowed more quickly than is typical in December," said another in computer and electronic product manufacturing. "Early demand is weaker in January, leading to the belief that growth in 2016 may be elusive."

Basically everything got worse, according to this survey. The production index, which gauges manufacturing in the state, fell about 23 points, to -10.2 from 12.7. The employment index also fell into negative territory, as a greater share of firms said they laid off more people than they hired. Wages, however, continued to increase.

Expectations for business conditions in the future "weakened notably." The company outlook index was negative for the first time in seven years. This is a chart of the production index that gauges manufacturing:

[quikag]

Understood, it sounds like we think alike as far as not adjusting anything. I am buying companies with low debt though, I don't ever think I can time the bottom.

Yep, we are on the same page. I hate market timing and I always screw it up, so I may DCA down into the right companies as well. Totally agree on the low debt thing. That is why I hate my position in KMI. I think they are good company overall, but have a MASSIVE amount of debt load. WPZ isn't doing much better either. Those are my two biggest O&G positions and I've taken a bath.

[Broncojohnny]

I didn't say I was concerned at least in view of my overall plan. Short term volatility doesn't cause me to adjust my portfolio, maybe even to a fault. I just meant sentiment can jack up value investing especially in the short term.

I want to add to my O&G positions but not now. Waiting for some things to settle out. Talked to an employee at Goldman earlier today and they said they expect to see some companies have serious trouble and companies not honoring contracts etc. That needs to play out a bit before they think it's time to add.

Understood, it sounds like we think alike as far as not adjusting anything. I am buying companies with low debt though, I don't ever think I can time the bottom.