Predict the Bottom

[billyjoe]

I predict market will bottom on or before Sept. 15th.

----------------billy

[Louetta]

I predict market will bottom on or before Sept. 15th.

----------------billy

I'm going to disagree with you Billy. The next FOMC meeting starts right after the 15th and the latest CNBC poll seems to favor a rate hike which might be good to get out of the way but I think will right off hurt stocks. Now China's economy seems more important to our equities than our own market. Witness AAPL. Not sure China is in good shape. Oil supplies are increasing it seems which means lower prices which so far seem to not have helped stocks tho in the long run I would think we're all better off. But short run to the extent these lower prices hurt oil producing nations' and oil companys' credit this might mean bad bank loans and bank troubles are never good. Seasonal's are against us too.

[billyjoe]

I predict market will bottom on or before Sept. 15th.

----------------billy

I'll stand by my prediction. As of today, market low was reached Aug 24-25. FOMC be damned. Not that I'm actually a buyer now.

---------------billy

[Louetta]

I'll stand by my prediction. As of today, market low was reached Aug 24-25. FOMC be damned. Not that I'm actually a buyer now.

---------------billy

Billy, I think your attitude toward the FOMC is somewhat harsh.

[billyjoe]

Billy, I think your attitude toward the FOMC is somewhat harsh.

On second thought "FOMC be darned"

-------------billy

[mimo_100]

I assume we are talking about interday lows - if that is correct, I think we have not reached it yet.

[Louetta]

Today's action seemed a little better ... but. I have this little script that runs on stockfetcher.com which produces a daily list of Ernie-esque stocks - momentum plays without his subsequent financial analysis. Yesterday there were 9, today 6. Early this year there would be 60-70 on a typical day. This troubleth me.

[riverbabe]

Fed raises rates, market goes up. Fed does nothing, look out below. Waiting. A lot of cash. Anybody actually buying here? Not me.

[jiesen]

speaking of hitting rock bottom, I'm calling a bottom with CBK today, and buying more here at 1.44. I originally bought in with $$MM at 25, and don't see how it could possibly drop any more from here.

(per Yahoo #'s) the Market Cap is $54M, assets are $200M, liabilities only $60M. They do $400M/yr in revs, and with a return to profitability, should easily be back over $5 or $10/shr (if they can make it back to $1/shr EPS).

[billyjoe]

I think a new bottom was hit 9/30/15. For once in my life, I was wrong.

-----------------billy

[jiesen]

speaking of hitting rock bottom, I'm calling a bottom with CBK today, and buying more here at 1.44. I originally bought in with $$MM at 25, and don't see how it could possibly drop any more from here.

(per Yahoo #'s) the Market Cap is $54M, assets are $200M, liabilities only $60M. They do $400M/yr in revs, and with a return to profitability, should easily be back over $5 or $10/shr (if they can make it back to $1/shr EPS).

and boy, oh boy, was I wrong!