roger.wan

Petro-Canada Q2 2009 Earnings Call Transcript

NICE WORKS！

Temasek Holdings sold its 3.8% stake in Bank of America (BAC) for about $1.3B, at a loss of about $4.6B. The Singapore state-owned fund said it will continue to shrink its exposure to developed economies. "The world is not so American-centric anymore," a Singapore economist said.

anything you did to Singapore? Don't mixed up different countries.

And BAC is not United States of America.

Financial ETFs Show the Trouble with Trading Ranges

faz sucks. never goes up. how can you imaging the price of FAZ free fall from 200 to 4 USD? Any thing happened before Mar.9? nothing! Who can explain this to me? The Dow is going down but FAZ is still going down.... Can you imagine that?

Monday's Closing Update

GM 6 top management officers just sold about 20,000 shares at 1.45-1.60,1 hours ago.

Friends, the ship owner is jumping into the angry sea....

Wish they be fine when they need to face so many Mama and Papa investors.

8 Charts for Trading Financials

stupid guys. only technical analysis is not enough. Can you see they are issue new share there? How can you just make a decision on technicals?

don't tell me you are only from the technical point of view. If you are long those shares, I guess you try to cheat someone inside it so you can runaway....

PPIP Open to Fraud: TARP Inspector General

www.sigtarp.gov/report...

here is the new link!

PPIP Open to Fraud: TARP Inspector General

CAN'T DOWNLOAD FROM THE LINKS YOU PROVIDED. PLS FIX IT ASAP!

Monday's economic calendar: 8:30 Chicago Fed National Activity Index 10:00 Leading Indicators

don't know what's function of Conference Board. Seems they are very busy doing some survey job. But , do you really think their results are accurate ?

Crude dips below $50, currently -8.2% to $49.98 (low :$49.52).

the big win of short sellings. I am a reporter, who has somebody doing this kind of business?

Roger

Friday Options Update: C, GM, F, GE, CHK, AEM

Joey:
I am a reporter. I have strong interest to talk with you.
[e-mail]...


On Nov 28 04:41 PM Joey wrote:

> How to Fix GM – Plan One
> 1) Sell All of GMAC and the Insurance Business (Ditech)
> 2) Cut down from five regional offices to two. One in Atlanta (east
> of the Mississippi River)and one in LA (west of Mississippi River).
> That means Chicago, New York, and Dallas are closed. With about 250
> people working in each location (750 total) at an average of $100,000
> each, that is a yearly savings of $75 million. Operation cost (rent,
> equipment, etc.) at the three locations will save another $1.8 million.
> Benefits for the 750 employees will save another (at $20,000 each)
> another $15 million.
> 3) Next, there is an average of three offices per state (local offices
> in cities across the country), if we close them, that is another
> $3 million in office space.
> 4) Next, the District Managers work out of their house and the Zone
> Managers (or whatever term is given to them), could be let go. They
> make around $150,000 a year and there are about 75 of them. Again,
> a savings of $11.25 million. With benefits, a total of $12.75 million
> in savings.
> 5) Next, cut around 150 jobs at the Detroit GM Headquarters. A savings
> of around $18 million with benefits.
> 6) Next, cut Buick down to two cars (Enclave and Lucerne), cut Pontiac
> to one (G6), cut GMC to two (Yukon and Sierra), cut Saturn to one
> (Vue) – and put all cars to a new umbrella called “United GM”. This
> will save GM billions. Also cut back on two Chevy models and two
> Cadillac models.
> 7) Next, cut advertising in December, January, February, March, April,
> and May (with the exception of auto show advertising for a three
> week period during the show and its incentives). This will save GM
> around $1.4 billion.
> 8) Sell all five planes. This will save GM $100 million in sales
> and another $100 million in yearly travel expenses for a total savings
> of $200 million dollars.
> Plan Two on Fixing GM
> How to save GM
> 1) GM needs to cut their total car models to 25 (from 60). What they
> could do is get rid of all Buicks expect Lucerne and Enclave; get
> rid of all Pontiacs except G6; get rid of all GMCs except Sierra
> and Yukon; get rid of all Saturns except the Vue; get rid of Saab
> all together; get rid of at least three Chevy models; get rid of
> at least two Cadillac models.
> 2) Get rid of half the dealerships. Chevy seems to have the best
> distribution so change the Chevy dealerships to Chevy, BPG, Saturn,
> and Cadillac
> 3) Close at least three of the five regional offices
> 4) Close all Zone offices and have employees work out of their homes
>
> 5) Get rid of 50% or more of white collar workers in the field <br/>6)
> The factories will close based upon which models will be discontinued
>
> 7) Have upper management take a 35% pay cut
> 8) Have middle management take a 20% pay cut
> 9) Cut advertising from $2.3 billion per year to $750 million <br/>10)
> Get rid of advertising groups and have national advertising only
>
> 11) Get rid of co-op advertising dollars
> 12) Get rid of all promotional advertising
> 13) Cut all regional and national meetings that cost more than $100,000
>
> 14) No parties for auto shows
> 15) Have special cash incentives for cash only purchases
> 16) Once the Volt battery is discovered, convert at least half the
> cars and trucks left after the cut to Hybrid
> 17) Move 1/2 the engineers to be used to discover more fuel efficient
> standards and more alternative fuel / hybrid cars
> 18) Sell all five planes and travel coach (a $100 million savings
> from cost of planes and a $100 million savings in yearly air cost
> for a total savings of $200 million).
>