Recent content by tnewman1

I think the only way this company can survive their debts is to go Chapter 11. They have too many and this is a good way to erase or change their balance sheet. It would be very hard on their dealer base as far as customers are concerned. Current and future customers will need assurance that...

Oh no, Unions might really strike at Delphi according to CNBC. I'm glad I'm short...

I'm short 4500 shares of GM. Dropping earnings, losses, Union troubles, slow sales, lower production, strikes, gas prices, competition, dwindling market share... Did I miss anything??

It's all about earnings. Not only does the Union effect things at GM, but also product and traffic flow in the showrooms. I don't see this Red Tag Sale doing anything positive for GM except moving product at a larger discount. I think today's rally was for the suckers. I expect it to...

It will be a while, but at the present rate, chances are a Chapter 11 could be more realistic in two years as all of their cash erodes. Such a thing would happen if they stay on their present track. GM will do anything they can to avoid bk. When their credit ratings are lowered, banks will...

I rarely can hold for 5 minutes unless I have tons playing on the stock. Most times I can jump in and jump out with in 10 to 60 minutes. If I get into a situation where I'm long a stock and it's not going anywhere but down, I'll sell and cut my losses and look for something else. It's...

I've had good luck day trading GM as well as other DOW stocks. GM tends to either dip in the morning and reverse or the opposite happens. It will have a day range of a full point at times or more. The key is watching and knowing when it's either time to go long or short. It doesn't have...

Either way, you're making money on BOT. Just like I said in a prior post, I think this stock is going to the 150 range this week. It's just too hot right now.. Plus, what else is there to make big money on quickly these days?

I would suspect anyone who owned shares wouldn't sell or could not sell due to restrictions. Sometimes insiders have to hold a year or so before selling.. I wouldn't suspect people would sell because it's 6% of the total stock. Why would someone sell a small portion of shares if they...

CBOT is only going higher. IPO's can't be shorted for 30 days and the float is so small and the fever is high for these exchange stocks right now that I suspect that it will have another strong week. Earlier I posted that Refco wouldn't matter and the stock would clear 100 and that was...

Very good post about the stock going to Pink Sheets, or OTC. I think BOT's going to be a mover.. I suspect the stock will start flying with such a small float. I think the excitement around the possibility of reaching CME potential might over ride the negativity about Refco. I think...

I ended up buying to cover before noon when RFXCQ was listed on the pinks.. The broker asked, "Do you want to place a market order? Or" He's just doing his job, but what do I care about a few pennies.. BUY TO COVER!!! I see the stock went to the .60's.. Maybe I could have waited...

Talked to my broker and he said that it's basically up to me to sell it. He said it will go to the OTC, then once it's there, I can buy the shares back. As long as there is a market. He also said that I will continue to pay interest because of margin, but if the stock went to zero and...

I put in a GTC order at 2 because I wasn't sure and sure as hell can't be greedy. Now that's it's OTC (sometime), I might be able to cover it. I'll see, but I won't spend the money just yet... This is a weird short scenario I've never been in before. I see that my GTC order was dropped...

DELISTED... Going to OTC or somewhere where it will probably be worth spit..