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axelrod608 » Comments » ACOR

  • Wall Street Breakfast: Must-Know News [View article]
    Mr Collins - it is helpful when criticizing someone to have one or two facts. You haven't a clue what my investing philosophy is based on a largely political opinion.

    For the record, I bought over 3000 shares of stock this week. I have buy orders holding for another 2500 shares. if the prices get down to my level.

    I understand clearly that the stock market is not the economy or vice versa. There is money to be made in EVERY market condition. Even when the politicians are doing everything possible to keep this mess screwed up. Believe in the bailouts if you want. Believe the market has bottomed if you want.

    I believe I will buy up a bunch of resouce stocks that have been decimated and make big bucks when they rebound. You have a nice day.
    Feb 25 13:45 pm |Rating: +3 -2 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    >> ..."companies show no signs of going bankrupt and one day will explode to the upside unless our once great country goes under." >>

    Look at any bull market and you'll find P/E ratios doubling, tripling or more. The driving force is EARNINGS. Increases in earnings drive stock prices up.

    If you believe the claptrap coming out of DC that is working on the theory that the market can be made whole by re-capitalizing insolvent financial institutions, then it would logically follow that current federal policy will work. If it does, it will be the first time in history.

    To quote Jerry Maguire, "Show me the money". Where exactly are the earnings going to come from to drive stock prices up ?

    Our failed economy is driven 70% by consumer spending. Consumers are out of work, hours for those who work cut, no home equity.left to extract, savings and retirement funds savaged. Exactly where is the increase in consuner spending going to come from ?

    Half of the remaining 30% of our failed economy is generated by the "financial sector". How are they doing ? DC is going to reduce mortgage rates which will shrink their earnings and cramdown losses on underwater mortgages. Just exactly where will these imaginary earnings increases come from ?

    The programs coming from DC have the same probability of working as the probability of snow here in Florida.

    Earnings drive markets. Lack of earnings gut them.

    "Show me the money"
    Feb 25 11:03 am |Rating: +8 -2 |Link to Comment
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