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March 9th

Rockslinger

Banned
Apr 24, 2005
32,783
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It was on March 9th a year ago that the equity markets hit bottom. Since then, the TSX is up 60% and the S&P is up 70%. What a difference a year makes.
 
B

burt-oh-my!

I remember some commentators were saying the dow would slide to 2,000! AS far as I am concerned the bull market is intact until the public gets more exposed to the market. There is still lots of fear and nervousness out there, which is a good thing, but it IS lessening. Still, noone really wildly bullish yet
 

21pro

Crotch Sniffer
Oct 22, 2003
7,830
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Caledon East
ain't that something Jaguar, I currently also stand up over 100% since March. my 09 returns were over 90% and this year I am already up 23% from jan 1.

by the way, I expect a bidding war for Novell after an unsolicited $5.75 per share bid arrived from Elliott Associates. I have a sell target of over $12 for Novell, and $5.75 seems like a lowball offer, and as such, usually gets an 'auction' going... Elliot already owns over 8% of Novell, and this is a strategy often employed to stir up other interesting parties in this company to outbid them. IBM, Microsoft and Oracle could all become active in the bids.

Elliot has successfully done such maneuvres in the past where they show takeover interest, only to get out bid and leave a deal up some $$'s from where they started. On the other hand, that raises some doubt to whether Elliot is in serious or not. Given that Novell has about $2.50 per share in cash, nominal debt and annual sales of better than $800 million; this is an attractive company to own. Okay, they do have difficulties with the bottom line, and it wouldn´t be surprising to see this enterprise be more successful under new management.

So anyways, I'm sitting back and watching what unfolds. trade volume is normally under 5 million shares, it's spiked on both the buy and sell sides up to levels around 141 million... I'm reasonably confident that more money will be placed on the table for this company.
 
May 22, 2008
694
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holy crap citi made a move. anyone catch it? i got in @ citi @ 3.39. on feb 23. and i had some more cash that hit my account friday. i was scared of a selloff...and citi just took off today. and i got in at a bad number today. @ about 3.80. sigh...but dollar cost avg i got in at about 3.66. not horrible but wow it cost me a nice sum of money i could have made. but i hear its still going up. ride the wave......
 

Rockslinger

Banned
Apr 24, 2005
32,783
0
0
There is this hedge fund manager (forgot his name) who made $2 billion last year buying beaten down U.S. bank stocks. For those with guts and money, U.S. bank stocks might be the next phoenix.
 
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