2highpsi

I told myself earlier I would be done with this conversation, but since it warranted a spinoff thread I will reply. This is my personal opinion and what I look for. As far as I am concerned, REAL long term market moves are based on two things: profit and growth. Now can a stock go through the roof without profit and growth? Sure they can. Look at the tech boom of the late 90s early 00s. Stocks had N/A PE due to zero profit. People still watched stocks go from $50 to $1000. Everyone said it was different this time. What followed was one of the biggest bubble explosions ever and most of those stocks all but disappeared. The reason being is simple, and I just can't believe how many people over look it. When you buy stock, you literally own part of the company. Now do you want to own a company that makes money or loses money? So then the question becomes how do you make money on companies that make money and have good growth. Well these companies are usually already established and aren't "home run" stocks. You aren't going to double your money in a year. But you also don't have to worry about the stock going away either. So what I look for are value moves. Good stocks that are down because of market over reactions, ie. GS and BP. Buying at 52 week highs aren't going to net you double digit one year returns usually, so you almost have to wait for some sort of bad news to come out to get in at a lower entry point. GS, for example, regarless of what happens with the investigation WILL MAKE MONEY. In fact a large source of thier revenue is thier Wealth Management division. They make a percentage of the assets that they manage, and as the market goes up the value of those accounts go up as do the fees. So they are looking to grow, make good money, and are trading well below the 52 week high. BP also WILL MAKE MONEY this year. The estimates I seen as far as what the clean up will cost the company came in around 3% of what the company will make this year. So I see a 17% share price drop as a market over reaction. The best part of this stock is that it pays a healthy dividend. Meaning, even if the stock is still around the same price next year, atleast you would make 6.4% on your money via dividend and given the current rate enviroment that's not too bad. Now I am not saying these companies can't drop a little more. They very well might. I don't look for ROCK bottoms because you miss too many oppertunies doing so. For example I started gettin in Ford @5 all the way down to 2. Cost averaged at 3.50. I am out now. They have rising costs, share prices are at a 5 year high, and I look for some sideways movement before it starts the climb again. You also need to spread your risk and diversify properly. So depending on how much you have in assets and where else you are currently invested makes a big difference on what you should buy. It is not a one size fits all kind of thing. I hope that helps some and make a little bit of sence. Again, everyone has different view points. Do some research, work with someone you trust, and never do anything you don't personally believe in.

You edited your post, and had I read this version I wouldn't have replied as I did. If my original reply sounds prickish, my apologies. We will just agree to disagree on our strategies. That's the great thing. There are 1000 ways to do it, and none is "THE WAY" good luck

No quite the opposite. What is SIRI's PE? What does that N/A mean? Ohhhh wait, that means they don't make any profit. SIRI is a bet. It's no different than playing table games in a casino. GS isn't a fraud. They had sophisticated investors (banks) that wanted to long real estate before the burst. They shorted it, so what? If real estate never busts and GS loses do the banks on the long end get sued?? No You can't have it both ways.

Great entry point if you are looking LONG term Sinking ship? I think media hyped short term sell off. The SECs case is a witch hunt. 6.05 PE Is hard to beat. I also like BP longterm. Another media hyped short term selloff. 8.x PE. Lost 30 billion in market cap due to a ~2billion accident that they may not even be liable for. Either way, people will forget, market will correct, and a decent dividend all the way. edit: "Be fearful when others are greedy, and be greedy when others are fearful." - Warren Buffett I don't day trade, but if any of you guys have questions about long term investing him me up.

Truth. I paid $95 for mine. MSRP was $889. What a joke. As much as I dislike the company I couldn't pass up a nice looking skeleton automatic watch at that price.

I just picked up an Invicta myself. Honestly I'm not typically a fan of thier's, but this one caught my eye and I got a hell of a deal on it. http://ecx.images-amazon.com/images/I/51RHm1llGTL._SL500_AA300_.jpg

You complain about buyers falling though, but have no problem being a seller that falls though. Hence the "hypocrisy." I have no problem with 99% of what you are saying. The problem lies in the fact that you as a seller have the power to make clear the terms of the sale. If YOUR TERMS are: first person with cash/highest bidder/or what the fuck ever you want, you need to make that clear to the buyer. Just make an effort to not make agreements and break them. No more on the subject from me. I feel like it's not going anywhere.

You can't buy integrity. You bet your ass if I have an AGREEMENT with someone I keep it. With a buyer I don't know or trust, I make it crystal clear that there is no binding between either party until money is exchanged.

Then why make the agreement? That's my only problem with it. Be honest. Tell the buyer that a verbal agreement is worth as much as the shit you just took this morning, and they better hurry because the first person to show up with the cash gets it. I buy/sell a lot of stuff. Believe me, I know a lot of people back out/never show. That's why I ALWAYS tell people that I can't hold anything without a deposit and a signed paper outlining a timeframe.

I have actually seen that pic before. I wish I could remember where.... Sick none the less

Fixed so you could figure out the problem. Don't agree to something, then back out and bitch that people call you out on "what kind of person you are." If you were going to entertain other offers you should have not made a commitment and made the first buyer aware.

FWIW It is illegal to "require financing" or otherwise discriminate between financing and non financing parties in regards to price. That being said, it happens. If you have good credit and want a house listed by a bank, get "pre-approved" by them. After your offer is accepted decide to pay cash. Same goes with buying a car. Often times you will get a cheaper price when they think they are going to be earning "reserve" on the financing. Once the lower price is offered it cannot be rescinded due to cash payment legally.

I bet Leno ends up with it. However I imagine he won't change anything. I also bet it goes for < 500k

I can't keep cars. I have a problem. I have had well over 30 vehicles that I have owned (actually titled in my name) in less than 10 years.

What the hell is wrong with people? I have heard about more people getting broke into and "cased" more than ever. Hell I live in a nice area, dead end road, everyone knows everyone kinda place. Never thought I ever had to worry about this kind of thing. In fact the guy I bought the house off of is a friend of mine and had the house for 7 years. Over the 7 years he never once locked the back door. A couple of weeks ago another friend of mine who lives at the end of the road had someone walk in his house and take his plasma TV. The craziest part is he didn't go to bed until 5am. His wife got up at 7am. So someone had to have watched, waited, and had big enough balls to not worry about being heard. I have a gun close always incase I hear anything. I am still getting a security system. I hope nothing happens in your situation. But if it does, do the world a favor and blast the stupid fucker into the next life.

I especially like how they say they are selling it for less than thier cost. IF that is true they are over 5 grand heavy in the car according to Manheim. By the way, what are looking at STIs for? Is it just going to be a daily you keep stock?

WTF. $18,900 for a broken 4-5 year old WRX. No way.

Not a bengals fan at all, but I have followed Henry since his days at WVU. I was glad he turned things around and was on the right road finally. It sucks as soon as the guy gets his shit together this happens. RIP Chris

You could always put a dollar limit on it. All purchases must be verifiable (via a receipt or copy of of the ad for used parts). You could say no "freebies" and whatever other stipulations both parties agreed upon. Ofcoarse now it's starting to sound like JPs old challenges to IPS, and they never got taken up on as far as I know. In all honesty I doubt it would actually settle anything, but it would be cool anyways.

This reminds me of summer of 02. A guy I know picks up a first gen while I had my 2g Talon. Starts talking all kinds of crap how his is SOO fast it does 2 gear burn outs. I say, ok so you got a FWD... gay. He tells me he's not stupid, he checked the vin it is AWD, and it just has that much sack that it does 2 gear all wheel drive burnouts. So I finally see the car and hop underneath. The fucking car had no drive shaft. The ultra cool exhaust was made for a FWD so some dumb fucker pulled the drive shaft so they could run it.

Page: http://www.turbobygarrett.com/turbobygarrett/news/race_updates/Garrett_Fully_Machined.html cliffs: Any faster spool can be attributed to the design of the wheel. Not the fact that it is billet.

Don't get hung up on a billet wheel. They offer no increase in efficiency nor increase in spool up. They can just get them made faster since the casting process is longer, hence why new wheel designs are typically billet. Edit: I better find the article, as I'm sure someone will call BS on my post

Yep this^

Why do people who DON'T live together before hand get divorced less? That's simple. Ask yourself what kind of person DOESN'T move in until they get married. The answer is your super conservative, heavily religious person. The same type of person who values a marriage and believes bad things will happen if they abandon thier vow they made before God.

Wow.... If I hit the mega, I would ask for a copy of this car