I put my money where my mouth is...........
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Topic: I put my money where my mouth is...........
Posted By: Superglide Ken
Subject: I put my money where my mouth is...........
Date Posted: 19/November/2008 at 4:21pm
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Bought 2000 shares of GM stock for $2.60 per share today.
My $5200 investment should be worth 10X that($52,000) in a couple of months once the bail out is approved in January next year.  ------------- Inventor of the Teflon Wand Glide and the Turboteck Rotary Air Duct Cleaners for TMs. |
Replies:
Posted By: cmaster
Date Posted: 19/November/2008 at 5:42pm
There better not be a bailout. Let them sink ------------- 
The STD Meter |
Posted By: FriendlyHammer
Date Posted: 19/November/2008 at 5:50pm
| I agree. Let them sink. You can't pay $75 an hour to people when Toyota pays $35. |
Posted By: Hammy
Date Posted: 19/November/2008 at 7:13pm
------------- Could somebody just clean my carpets! |
Superglide Ken wrote:Posted By: Mark McMaster
Date Posted: 19/November/2008 at 8:07pm
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I dunno if they're gonna get the money or not. Saw today where 3 big high honchos flew in to the meeting to discuss this. All 3 flew in 3 separate private jet liners. One of the guys on the panel asked them "why could you not jet pool?" LOL Then said to them "If you're so concerned about cut backs and saving money, why did you guys show up here like that?"  Bunch of schmucks!!! ------------- Don't take your organs to heaven..... Heaven knows we need them here http://www.mcmastertile.com - www.mcmastertile.com |
Posted By: Superglide Ken
Date Posted: 19/November/2008 at 9:41pm
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Well, they could go bankrupt if there is no bailout. That is the chance you take in situations like this. The risk/reward ratio is highly slanted to the upside however.
Why? Because with gas going below $2/gal again, people will soon start buying the big vehicles GM makes. By next month. That will allow them to hang in there till Obama gets in. And he will give them the bailout they need.  ------------- Inventor of the Teflon Wand Glide and the Turboteck Rotary Air Duct Cleaners for TMs. |
Posted By: luvsnow
Date Posted: 19/November/2008 at 10:52pm
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High Risk=High Reward when things go the way you want them to go. GM is just too risky for my liking. Either that stock is going to soar or it's going to plummet. Ford said even if they don't get the bailout they should be able to pull through, but just barely. If GM doesn't get it there is a chance they could pull through, but it's unlikely. Funny thing about Chrystler is the former CEO (Iacocca) lives where I do. About a month or so ago I invested in Las Vegas Sands (LVS). The stock was down at around $6.50 a share when I first started to look into investing in it. Then it kept going down and for whatever reason I bought at $4.95 a share. The next day it went down to $4.34 a share in the morning when the market opened. I went away and checked it at lunch and it was up to $8.60 a share. For the next few days it rallied to almost $16 a share. I bailed out when it got down to near $13 a share, and am glad I did. They had to reraise capital and the stock plummeted again. Last I checked the stock was trading at about $5 a share, and this is after they raised almost $2 billion in capital from issuing more common stock. Without a doubt the market is volatile and just about anything goes. Just when you think you reached the bottom, something new comes up to let you know you still haven't reached the bottom. Just wait, credit cards and people defaulting on students loans will be the next round to screw up the market. I even saw on CNBC yesterday that they are speculating home builders could be the next to be bailed out. |
Posted By: nightrider
Date Posted: 19/November/2008 at 11:42pm
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First of all Kenny.................The Best of Luck to You..................The bailout funds are not for GM or Ford or Chysler...................The money goes directly to the powerful Auto Unions who cater to the auto workers............NOT the Motor Companies.............The price of a lower price at the pumps will not entice people to buy bigger sized, cheaply made hunks of American Junk...................THE JAPANESE HAVE WON FAIR AND SQUARE ON AN EVEN PLAYING FIELD THAT THEY HAVE THE KNOW HOW TO FABRICATE LONG LASTING DECENT CARS AND TRUCKS
Nightrider
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Posted By: FriendlyHammer
Date Posted: 20/November/2008 at 1:52am
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Posted By: duckcountry
Date Posted: 20/November/2008 at 2:01am
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They pushed FICA score requirements from mid 500s to 700 and 750. They can't sell what they can't finance. And when asked if they would at least consider using some of the money to loan to those with weaker scores and then use the proceeds to refill the coffer they said NO. Hey even the buggy whip salesman ate it at the turn of the last century. Alas, all good things must come to end including the big three. ------------- Are you in a high paying business or are you just a self employed low paid grunt who thinks this business provides dignity? |
Posted By: duckcountry
Date Posted: 20/November/2008 at 3:33am
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You do know the vote in the Senate was called off due to lack of support, right? And the House will not act out of respect to the Senate. Well, back to my corporate jet. Pleading my case to the senate tomorrow for $25 Billion to buy wand glides. ------------- Are you in a high paying business or are you just a self employed low paid grunt who thinks this business provides dignity? |
Posted By: Ed Valentine
Date Posted: 20/November/2008 at 8:36am
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Kenny;
Your $5200.00 will help pay for only a portion of the $20,000.00 it cost the CEO of GM to fly in on the Private Jet!
Nothing has changed other than the weather.....................
Ed Valentine
"Out on the Street like every other poor sole"
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Posted By: Superglide Ken
Date Posted: 20/November/2008 at 12:48pm
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The time to buy is when everyone else is selling. It is not human nature to do that, but if you can control your fear, you WILL make money.
It works for Warren Buffet, and it works for me too. ------------- Inventor of the Teflon Wand Glide and the Turboteck Rotary Air Duct Cleaners for TMs. |
Posted By: duckcountry
Date Posted: 20/November/2008 at 2:53pm
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Congress no vote - they are going on vacation. Auto makers MUST submit detailed written plans of how they will spend the money and then any vote would be based on both the content of the plans and the credit worthiness of the automaker. Talk is GMAC would get the money rather that GM to force them to use the money for the purposes of financing car sales. That means GM must lower the FICA score requirements at GMAC if GM itself expects to ever get a dime. Did you see the price of oil with an hour to go today was down nearly $5 to something around $48? How's that $4/gallon next year looking now? Pretty sad isn't it? ------------- Are you in a high paying business or are you just a self employed low paid grunt who thinks this business provides dignity? |
Posted By: Superglide Ken
Date Posted: 20/November/2008 at 3:26pm
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It will still happen Mike. The fact is oil has come off by $100 per barrel in less than 5 months. It can add on $100 per barrel in under 5 months just as easily. That means we could be back to $147 oil as soon as April next Spring. I expect however that it will take to July to reach that level, but would not be surprised to see it if it happened by April. ------------- Inventor of the Teflon Wand Glide and the Turboteck Rotary Air Duct Cleaners for TMs. |
Posted By: cleanex
Date Posted: 20/November/2008 at 7:32pm
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Why does everybody get excited about the execs flying in their private jets? I am sure the Senators and Governors are flying around on commercial class airlines.
------------- DON ELDRED YOU CAN "STAND" ON OUR REPUTATION |
Posted By: 77748
Date Posted: 23/November/2008 at 2:30am
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They might get help> I live in California Bay Area and lots of people say no we do not need to bail them out . My opinion is that you have a these manufacture sites in the small midwest areas. You have this one big plant where the father the mother the kids all work there and if that shuts down on those small towns coffee shops grocery stores gas stations meaning there small economy also shuts down. More job cuts leading to depression. This is what I think is going to happen. Make the bailout difficult. So there are cutbacks of jets and bonusses like that. If they get that bailout thay have to run lean and mean. I need to buy some stock a well ! There stock will go back up!!!!! |
Posted By: FriendlyHammer
Date Posted: 04/December/2008 at 6:38am
 http://www.foxnews.com/politics/elections/2008/12/04/report-gm-chrysler-mull-bankruptcy-bailout/ - http://www.foxnews.com/politics/elections/2008/12/04/report-gm-chrysler-mull-bankruptcy-bailout/
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Posted By: Superglide Ken
Date Posted: 04/December/2008 at 6:54pm
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I sold my shares this morning for $4.80/share. Made over $4000US for a 2 week investment. Not bad. I decided the time was right to sell after seeing that 60% of the public was against a bailout.  ------------- Inventor of the Teflon Wand Glide and the Turboteck Rotary Air Duct Cleaners for TMs. |
Posted By: John L
Date Posted: 04/December/2008 at 7:05pm
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Enough to buy a portable.. |
Posted By: FriendlyHammer
Date Posted: 04/December/2008 at 8:46pm
He just might have to pay taxes this year. 
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Posted By: Superglide Ken
Date Posted: 04/December/2008 at 9:16pm
I will buy 10,000 shares the next time.  ------------- Inventor of the Teflon Wand Glide and the Turboteck Rotary Air Duct Cleaners for TMs. |
Posted By: Superglide Ken
Date Posted: 05/December/2008 at 2:59pm
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Well that was quick! I saw the price dip below $4 for GM stock this morning, so bought 10,000 shares for $3.90 per share. Looks like a restructuring OUTSIDE of bankruptsy is likey to take place and GM is going to get some money after all. I can't let this opportunity get away so I am in again. ------------- Inventor of the Teflon Wand Glide and the Turboteck Rotary Air Duct Cleaners for TMs. |
Posted By: FriendlyHammer
Date Posted: 06/December/2008 at 7:52pm
Enough to pay for his losses in oil, which he predicted would go up on Nov. 28th
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Posted By: duckcountry
Date Posted: 07/December/2008 at 3:25am
Dropping further still and industry experts (those with the experience to render accurate decisions) say oil is going down to $25 a barrel before spring. So Ken, you can predict the sky is the limit, those in the know can say we have not seen a bottom yet and that we are in a downward economic spiral expected to worsen over the next 2 years (a deep recession they call it) globally and we can choose who to believe. I am putting my money on the "we ain't seen the worst yet" group who have helped steer the price of gas lower and enjoy the $1.71 we are at now and made Walmart where America (and China) shop. The only way down looks up to anyone is if their viewpoint has sunk to the bottom. ------------- Are you in a high paying business or are you just a self employed low paid grunt who thinks this business provides dignity? |
Posted By: Superglide Ken
Date Posted: 08/December/2008 at 8:39pm
Well Mike, regardless of what those "other" experts are telling you, you have seen the bottom on Friday when oil went down to $40. It is up from here. Opec will cut production by at least another 1.5 million barrels come next Wednesday(December 17th). You can write all she wrote to cheap oil after that. You can take that to the bank! At least you can if you took out major long positions as I did last Friday. Most of you wont have done that though. Most will be members of the "woulda, shoulda" mentality and will let major profits slip through their fingers one more time. ------------- Inventor of the Teflon Wand Glide and the Turboteck Rotary Air Duct Cleaners for TMs. |
Posted By: FriendlyHammer
Date Posted: 08/December/2008 at 8:56pm
| Oil will make a good long-term investment, regardless. The lower it goes the more attactive it becomes. Following Kenny's advice up to this moment (including last month, especially), however, would have lost you a fortune. Kenny took positions then, according to him, and the math on that is a loss between 40-80%, depending upon when you took his advice. What a moron! |
Posted By: Superglide Ken
Date Posted: 09/December/2008 at 1:25am
Yes I took positions alright, short positions all the way down to $40 on oil from $145 till last Friday when $40 was reached, and made thousands doing it. Now it is time to go long. A rise of near $100 is in store for anyone that is smart enough to see what a once in a lifetime opportunity this really is.This is where a $5000 contract pays you $100,000US in the next 6 months when oil goes back to $140/barrel by June 2009. ------------- Inventor of the Teflon Wand Glide and the Turboteck Rotary Air Duct Cleaners for TMs. |
Posted By: duckcountry
Date Posted: 09/December/2008 at 2:52am
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I'll send your quotes to the WSJ if you like. I'm sure that after you produce certified copies of statements reflecting your claims that you will make headline news.
------------- Are you in a high paying business or are you just a self employed low paid grunt who thinks this business provides dignity? |
Posted By: duckcountry
Date Posted: 09/December/2008 at 2:57am
Just saving this so that I have the exact quote for later when oil drops down. Would not do to have posts modified later. Very important to have a copy available for challenging any changes to posts. Hope you don't mind 
------------- Are you in a high paying business or are you just a self employed low paid grunt who thinks this business provides dignity? |
Posted By: Superglide Ken
Date Posted: 09/December/2008 at 5:30pm
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I don't mind Mike. The only way oil will fall below $40 and stay there this winter is if Opec does not cut strongly enough to counter the contraction in demand that is happening due to the Depression we are now in. That is what happened 10 years ago during the Asian Crisis. Oil fell all the way to $10 back then as a result. Opec knows that can happen again if they do not cut at least 2 to 3 million barrels per day next week. I can not believe they would be so stupid not to do it. ------------- Inventor of the Teflon Wand Glide and the Turboteck Rotary Air Duct Cleaners for TMs. |
Posted By: luvsnow
Date Posted: 09/December/2008 at 5:39pm
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Sometimes I think there should be a separate forum for investing on here A skiing message board I'm on got so tired of flaming politics threads in the lounge forum that they made a politics forum. It's kind of funny because the ring leader that always starts trouble copies and pastes long articles that are controversial and never make sense. Sound familiar? LOL Maybe it's just me, but how can oil go up if we are in a recession and unemployment is so high? Think about it. If you lose your job you don't need to drive to work everyday. If your not working chances are you won't be driving around much to go out to eat or to buy stuff. Demand for oil falls and the supply of oil rises. With a rising oil inventory and lack of demand oil will continue to fall/hold where it is now. It's called the law of supply and demand. OPEC can cut production all they want to reverse this trend and attempt to increase oil prices, but they will still drown in oil because nobody will buy it. Everyone will be broke or just won't have a need for oil because they won't be driving anywhere since they are out of a job. OPEC thought that when gas was at $4 a gallon everyone would continue to buy it. They were right for awhile, but eventually the sh*t hit the fan when nobody could keep paying $4 a gallon for gas. Everyone thought the Americans would keep spending, but $4 a gallon gas proved everyone wrong. Even Europe couldn't pay high gas prices. Gas made EVERYTHING go up in price because for some stupid reason DIESEL was costing more than gas when it should have cost less. As we all know just about everything in stores is shipped by trucks that run off of diesel. Commodities including oil should not be traded on the stock market, as someone else pointed out. Speculators in commodities should be taxed to death for trading commodities trying to make a quick buck. You can charge $1 a gallon for gas and you will sell a lot of it. You can charge $8 a gallon for gas and barely sell any, if any. Just because you are selling gas for $8 a gallon doesn't mean you will make more than if gas was sold for $1 a gallon. You have to sell at the equilibrium price, what the market is willing to pay and is able to pay. |
Posted By: Superglide Ken
Date Posted: 09/December/2008 at 7:04pm
Well Ben; All that would be so except for 3 things: 1) Oil is not a freely traded commodity. Opec controls about 40% of the supply and most of the reserves. They tighten just a couple of million barrels per day and the price goes up. In fact, a shortage of even 5% on the short side makes the price go up 400%. That takes the price up to $160/barrel or more. 2) The world is now at Peak Oil. That means the production of 85 million barrels per day is now as much as there is to produce. It is all downhill from here. Next year brings even lower production than that. 3) The world is using more of it not less. Every day China puts 22,000 new cars on the road. They all burn gas. The western countries demand is currently a couple of million barrels less per day, but the usage from China, India and the middle East is going nowhere but up. Soon that will exceed the shrinkage from the western world.But the real kicker is that western worlds consumption will be going up next year. Why? Because Obama's works projects will be burning much more. Combine that with the oil supply going down, and you have the recipe for oil prices as high or higher than the $147 prices we saw this year. Watch for it. ------------- Inventor of the Teflon Wand Glide and the Turboteck Rotary Air Duct Cleaners for TMs. |
Posted By: luvsnow
Date Posted: 09/December/2008 at 8:02pm
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SGK, Some of my family is involved with manufacturing products in China and Taiwan. I'm going to have to disagree with you when you say that China's demand for oil will drive the price back up. In China factories are a dime a dozen. Some places even have "factories" set up in the back of restaurants. Most of the US's products come from China. We aren't buying many products right now because of the recession. Factories over in China are closing left and right because we are not consuming their goods. This is very evident by the low amount of sea containers that are coming into the US. Only the strong factories over in China are staying open. But when all the other factories close, they are increasing unemployment and you are getting the same effect as over here. That means fewer cars on the road, and less demand for gas. Don't get me wrong, China has A LOT of cars. Even over the summer before stuff got bad they were putting as many cars as you said on the road everyday. China financed our war and holds most of our debt, in effect they own the US. We are tied to them for life. When the US suffers, they suffer because we buy their goods. |
Posted By: Superglide Ken
Date Posted: 09/December/2008 at 8:59pm
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I agree with your last post Ben. China consumes only 9% of the worlds oil(for now), whereas the USA, EU and Japan consume over 50%, and are going into Depression.But oil output is dropping, and will continue to drop EVERY year from here on out. The peak output occured last year around 86 million barrels/day and has been going down ever since.Currently at 85 mb/d and dropping because of the 7% depletion rate most fields are undergoing currently.Next year will be even less.
The lowest the demand is likely to fall to is 80 mb/d under a Depression as severe as the 30's.This means the surplus production will be no more than 3 or 4 million barrels next year under a scenario where Opec does nothing. But because Obama and the other economies are adding massive stimulus to the economies of the world, it wont get that bad in 2009, at least compared to the worst case scenario. So the imbalance between supply and demand will be no more than 2 mb/d. Opec's cut will deal with that, and the price will be going up. ------------- Inventor of the Teflon Wand Glide and the Turboteck Rotary Air Duct Cleaners for TMs. |
Posted By: FriendlyHammer
Date Posted: 09/December/2008 at 9:14pm
Save your lies for yourself, moron. You already said you positioned yourself for a spike just before Thanksgiving and that anyone who didn't do the same was a fool. The only fool is you.
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Posted By: Superglide Ken
Date Posted: 09/December/2008 at 9:18pm
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It is called hedging. I buy long and short positions simultaneously. I never enter into a completly one way bet, but most of my positions were short ones until last Friday. That way I make money which ever way oil moves. ------------- Inventor of the Teflon Wand Glide and the Turboteck Rotary Air Duct Cleaners for TMs. |
Posted By: FriendlyHammer
Date Posted: 09/December/2008 at 9:32pm
Then most of your postions were contrary to your own advice. Keep your lies to yourself.
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Posted By: 77748
Date Posted: 09/December/2008 at 11:50pm
 All I know reading this post is that SuperKen is making money!!!! My shoulder is killing me from all the olefin carpet cleaning I come to this site for two reasons make learn how to clean carpet and how to make more money. If we have a stock guru here and he is putting his money where his mouth is and his investments are doubling or more in a matter of weeks. Then hell man I am going to invest and be able to invest in PTO or something without a payment Lets get it on!!!!! Little shoutout There are a few people on this forum that respond and help on this site when I first started when I needed some help and Doug ,Ken Carpetologist and many others taught me well with straight talk, positive feedback. And now I feel I am a force in this business. the Bay Area. |
Posted By: FriendlyHammer
Date Posted: 09/December/2008 at 11:55pm
| Then you haven't been reading long or carefully. Following his advice would have lost you half your money last month and 70% for the year. Almost the only thing he has correctly predicted is the past, AFTER IT HAS ALREADY HAPPENED. |
Posted By: FriendlyHammer
Date Posted: 09/December/2008 at 11:58pm
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Posted By: FriendlyHammer
Date Posted: 10/December/2008 at 12:00am
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Posted By: Superglide Ken
Date Posted: 10/December/2008 at 1:20am
You still don't get it. Even when my timing is off I still make money. If I want to go long I buy 2/3 of my options as call options, and 1/3 of my options as put options. Because of the leverage I have if the price goes up I make lots of money. If the price goes down I make money on the put options and sell the call options. So I still make money. This is called using a Butterfly Straddle. It works very well as long as the commodity is moving either up or down. The only way I can lose on my options on oil is if it does nothing.I really don't care which way it goes as long as it moves! ------------- Inventor of the Teflon Wand Glide and the Turboteck Rotary Air Duct Cleaners for TMs. |
Posted By: FriendlyHammer
Date Posted: 10/December/2008 at 2:05am
No, YOU don't get it, moron. I was replying to a comment about investments doubling in a matter of weeks. Your predictions have shown that you predict the opposite of what is going to happen. Instead of being what he called a "guru," you are a "boohoo."
The only way you've been making money is the FOOLPROOF method. You are a FOOL and to make money you need a FOOLPROOF method.
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