maybe they are short and trying to bash then buy back even cheaper shares.
Saw a reort on the ARM in the housing market. Basically stated that the mortgage banks are going to have trouble until the spring when the last of these ARM take effect. Then that should atleast be the bottom. Who knows how long we stay at bottom is the question I ask. Maybe we should stop giving loans to people who cant afford them.
Kind of dissapointed as a US taxpayer but I hope this gets things going and maybe the treasury even makes money on it. Not sure we should change things to much more than just the congress down here and the F's who actually got us into this mess one of the candidates is getting advice from the guys the put fannie and freddie in the crapper. Do some DD on that.
They say the market comes back 4-6 mo's before the economy. Well its about 6 mo's till spring (March- which is spring in TX) so maybe time to buy more and spread the word.
There in my opinion is no way they will not mine the ROF. Finding that much rock and still in the infant stage of drilling too much money and opportunity to be left in the ground. Once the big money guys get wind of how much they can actually make this thing will be a "Ring on Fire" money pushes the market and just about everyting else I think.
Still long and still Strong. Been in for a year now and not going anywhere. Got and order in for Monday in fact and that will help lower my avg share price substantially Man I feel good when I buy NOT