Tootactu Finance

Non Techie, Non Fundie

admin — Mon, 06 Oct 2008 23:38:19 +0000

Then this is most probably gambling… based on probability and my experiences in the market, around 80% to 90% the market rebounds after a huge sell-off. I’m expecting the PSE will dive around -5% to -6% tomorrow in the early trade and will close around -3% to -2% percent. I got a feeling this ain’t rock bottom yet, my technical analysis said it will still go down and fundamental always surprises me everyday. The only thing I could do is gamble! dumb advice but heck of a try, the statistical says the market will go down on Tuesday, rebound on Wednesday, rebound should occur on Wednesday or avoid stock market.

Global Markets Pummeled By Rising Recession Fears

admin — Mon, 06 Oct 2008 23:38:17 +0000

Global stock markets plummeted Monday on fears the widening credit crisis would drag the world-wide economy into recession.

In the US, the Dow Jones Industrial Average skidded below 10,000 for the first time in four years, while the S&P 500 and Nasdaq fell over 4 percent.

You Broke It, You Buy It!

admin — Mon, 06 Oct 2008 23:38:17 +0000

NO BAILOUT!
Watch People Protest on Wall Street Bailout!

Buffett commits $3B to GE

admin — Mon, 06 Oct 2008 23:38:17 +0000

Warren Buffett has committed $3 billion to General Electric Co., in the latest attempt by perhaps the world’s most revered investor to dive into a beaten-down company he believes has staying power despite a global credit crisis he calls an “economic Pearl Harbor.”

The billionaire’s insurance and investment company Berkshire Hathaway Inc. announced the preferred stock investment as GE, whose shares have slid about one-third this year amid concern over its financial services operations, set plans to sell $12 billion of common stock.

I’m in Selling Frenzy

admin — Mon, 06 Oct 2008 23:38:16 +0000

I started selling my shares today, expecting a huge rebound after the big 800 drop in DOW Jones, I bought shares when the PSE dropped 6%, shares include: BPI (yes only BPI). Not so much but its better than nothing, just a few K.. I’ll be trading BPI for a while since MBT and BDO are both affected by the Lehman, but are they both a good deal? I prefer BDO over MBT.

Oil is a good deal for the next few weeks (or months), since oil has dropped to below $100 per barrel. I’m waiting for the right timing in PCOR, EDC and OV (having a stock rights of 0.01 per share in every 4 shares held).

Five Insurance Policies Everyone Should Have