Saturday, September 27, 2008

Go Blue

Huge comeback by Michigan wins me my first bet (I had Michigan +6, Mich/Wisc over 42, and Purdue/ND over 48). So I turned my .10 cents into .73 cents :)

I was going through the site and people have cashed out as much as $415!! Thats a nice hot streak to turn .10 cents into $415!!

As for Fish's Bulldogs (Fresno St), another wild game for them against UCLA, but they come out on top 36-31 to move to (3-1).

My Red Raiders (Texas Tech) have the week off and look to move to (5-0) next week.

4 comments:

Anonymous said...

Question... gov't bails out / buys bad mortgages...what happens to stocks like FRE and FNM and AIG etc.......

JoeGoog23 said...

Hey SAM, did you go with GDX last Friday when you asked what to hold over the weekend?? I was thinking of you Monday when it was up almost 10%???

As for this fiasco, i'd think that the banks holding the bad mortgages would come out with a better balance sheet but I don't know how the share prices will react after the initial pops.

My guess is anything that the gov't owns (FNM & FRE)will be used to make money to return to the taxpayers (ie lower the $700 billion number), without any concern for the shareholders. This is just my opinion, does anyone else have any ideas what will happen?????

Anonymous said...

I didn't get into GDX in time I was holding EGO and AZK and not enough $ to put into GDX .. I'm thinking of putting more $ into my portfolio very soon so I can do more trades like the kinds you do!...

I have another question...lets say things stabilize with the economy somewhat after the bailout... but then people see through it and things slow down financials drop.. gold goes up...which one stock would you think would give us the most kick of the miners upwards...saying gold goes to $1000 or even $1,200 ... I do have QMNM also and am bleeding somewhat from it...

JoeGoog23 said...

Just because it's a mainstream favorite, i'd say Yamana (AUY). It touched $20.00 pre-market the morning POG hit $1033 so thats over a double from here.

If I knew they were gonna ban naked short selling in all stocks ahead of time, then Seabridge @ $12 was an amazing play. It'll be back to $21 probably this week.

As for the one I think has the most potential, I see GORO @ $10 in the 1st quarter 2009 (currently under $4). And FGOC is FINALLY about to start producing (I hope) and is under .30 having run to .87 a few months back.

That help at all????? Hope so :)