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bosco115

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  • Patriot Coal (PCX) confirms an earlier report, announcing it has filed for Chapter 11 bankruptcy protection. The company expects to continue mining operations and customer shipments in ordinary fashion as it goes through reorganization, and has obtained a commitment for $802M in DIP financing. Shares -15% AH after falling 72% in the regular session. (PR)  [View news story]
    "A 20 square mile area (guessing) will not be liveable for the next 50 years."

    I went from frustrated to irate. You cannot sit there and "guess" facts that a certain radius will be unliveable and kill people and marine life for the next XX years. That's bullshit.

    How many people died as a result of the earthquake and tsunami in Japan? About 20,000. How many died as a result of the nuclear crisis? 0. What got all the media attention?

    It is nothing but media hysteria. Nuclear is clean and powerful, and we know how to do it well. We need to make the capital investments.
    Jul 11, 2012. 07:27 AM | 1 Like Like |Link to Comment
  • Nokia Is Finnished: Prepare For Bankruptcy [View article]
    "I just checked your comments. In every single one of them I read Apple, Apple and even more Apple."

    Apple (http://bit.ly/pFSoX2) +70.66% in the last year. Apple, Apple, Apple for the past year was actually one of the best calls you could make, and I'm incredibly proud of investing in it on June 2011. This deserves criticism?


    "People have to understand iPhone users are different in nature than Android or Windows Phone users. Number of apps is one way, update figures are another. What is true for iPhone users isn't true for WP users. Learn that."

    You're right, they're different. The iPhone users are, on average, more affluent, spend more on apps, pirate less, update quicker, and are more likely to buy companion devices (iMac, iPad, AppleTV, etc). If this is somehow a disadvantage, I'd love to hear it.


    But you're right. The Lumia 900 was introduced 93 days ago, not "less than three months ago" as I stated. I cede all further points. You win. Nokia (http://bit.ly/9V8R2A) is a better investment.
    Jul 10, 2012. 09:37 AM | Likes Like |Link to Comment
  • Patriot Coal (PCX) confirms an earlier report, announcing it has filed for Chapter 11 bankruptcy protection. The company expects to continue mining operations and customer shipments in ordinary fashion as it goes through reorganization, and has obtained a commitment for $802M in DIP financing. Shares -15% AH after falling 72% in the regular session. (PR)  [View news story]
    It still makes up nearly half of all the electricity produced in this country. There are some plants still in operation that were built nearly 100 years ago. Of course those plants will be mothballed and new IGCC plants are more efficient. However, there is a solid chunk of coal plants that were built more recently and have been continually upgraded.

    The comment I was responding to was this, "You could close the EPA tomorrow and companies would still be closing coal plants and building new combined cycle nat gas powerplants," which is false. We don't live in that world, but it doesn't mean we can lie about it, either.

    The future is nuclear power stations and natural gas combined cycle baseload sources, as well as renewables and simple cycle gas turbines to handle peaking loads. I freely support the move from coal to gas in the open market, but we can't ignore the facts that coal is still a profitable fuel source that is drenched in political uncertainty.
    Jul 10, 2012. 09:00 AM | 1 Like Like |Link to Comment
  • Nokia Is Finnished: Prepare For Bankruptcy [View article]
    I don't even want to respond to this. It is so exhausting talking to fanboys who cannot get beyond viciously defending their anointed phone.

    Apple has a constant, predictable refresh cycle. You know your hardware is going to be old after one year, but you will continue to have software updates to support new features. By the time your product reaches two years old, there's a good chance your functionality with the newest software will be reduced - either because of hardware limitations, or because Apple is trying to incentivise upgrades.

    Here is how this is different with the Lumia 900. This product was first available for purchase NOT EVEN THREE MONTHS AGO. This device will already not support the latest software when it's available. It's already obsolete. If you can't see how this is different than a two year old iPhone 4 or one year old iPhone 4S, then nothing I say will be able to explain it to you.

    Browsing through your previous comments, I see things like, "At $2,50 Nokia is an absolute steal." Ouch. You're too emotional to make level-headed investment decisions and probably already have too much cash tied up in these junk companies that simply can't compete anymore.
    Jul 10, 2012. 08:39 AM | 3 Likes Like |Link to Comment
  • Patriot Coal (PCX) confirms an earlier report, announcing it has filed for Chapter 11 bankruptcy protection. The company expects to continue mining operations and customer shipments in ordinary fashion as it goes through reorganization, and has obtained a commitment for $802M in DIP financing. Shares -15% AH after falling 72% in the regular session. (PR)  [View news story]
    No they wouldn't. Coal is still cheaper than natural gas, and the plants to burn coal are cheaper to build. However, the costs are close enough that the political uncertainty overwhelmingly tips the scales in favor of gas. If the EPA and the Obama Administration did not exist, coal would be king.

    Source: I work for a utility.
    Jul 9, 2012. 10:44 PM | Likes Like |Link to Comment
  • Nokia Is Finnished: Prepare For Bankruptcy [View article]
    The iPhone 3GS is still for sale too, and it's not upgradable either. Not the point. It is not the damn premiere flagship phone that just came out three months ago and is supposed to save the company, yet has already been guaranteed to be obsolete.

    You Nokia fanboys are the worst.
    Jul 9, 2012. 07:15 PM | 1 Like Like |Link to Comment
  • Nokia Is Finnished: Prepare For Bankruptcy [View article]
    You guys are ripping on SA for publishing authors that have been trashing Nokia for months. This would be a valid complaint, except Nokia (NOK) has been tanking. You're trashing authors for being... correct?

    I've seen the same guys talking up Nokia and its stock for months here (Luke Tomasello, Rookie IRA Investor, techy46, etc). It's been one big self-reinforcing circlejerk where everybody proclaims how awesome the Lumia is, how undervalued Nokia stock is, and how long the lines at the soup kitchen are getting.

    I don't know which bunch is worse - RIMM or NOK investors. If you haven't already, jump off the sinking ship. Salvage whatever cash you have left in the company and put it under your mattress. Take a break from investing for a while, because your belief in this ridiculous turnaround story means you're not making rational investing decisions anymore.
    Jul 9, 2012. 06:16 PM | 6 Likes Like |Link to Comment
  • Why Research In Motion May Be A Value Trap [View article]
    Wow. SeekingAlpha has a lot of butthurt RIMM bagholders.

    You guys are so screwed.
    Jul 9, 2012. 04:55 PM | 2 Likes Like |Link to Comment
  • Nokia Is Finnished: Prepare For Bankruptcy [View article]
    The iPhone 4 first went on sale over 2 years ago. The Lumia 900 was first sold 3 months ago.

    HUGE difference.
    Jul 9, 2012. 04:49 PM | 5 Likes Like |Link to Comment
  • June Same Store Sales Actually Weren't Bad [View article]
    "Target saw growth of 2.1% versus an expectation of 2.4%"

    IT'S THE END OF TIMES!!!

    The author's point is valid.
    Jul 9, 2012. 03:56 PM | Likes Like |Link to Comment
  • Why Research In Motion May Be A Value Trap [View article]
    "We think the fact that RIM refused to pursue an alliance with a cash-rich software company demonstrates how management is in firm denial of the true health of the business."

    While there are many, many legitimate criticisms of RIM, this is not one of them. Microsoft is where tech companies go to die.
    Jul 9, 2012. 03:54 PM | 4 Likes Like |Link to Comment
  • The Death Of The Buy And Hold Investor [View article]
    It's the classic dichotomy between traders and investors. One is sexy, the other is for widows & orphans.
    Jul 9, 2012. 11:33 AM | 1 Like Like |Link to Comment
  • The Death Of The Buy And Hold Investor [View article]
    I don't understand people claiming buy-and-hold is dead. I'm looking at my portfolio of 19 stocks that I've accumulated over 2.5 years, and I've got a 24% gain. That's roughly 10% annually. I've never sold a stock in my life.

    Quit trying to time the market. Stop using strange, leveraged instruments like SDS and VXX. Let the computers move SPY back and forth to their hearts' content. Let the flash crashes happen. Coca-Cola is still going to be increasing earnings whether its share price is $76 or $4. So will Apple. So will others. And in the end, the prices will always normalize.

    I'm an amateur investor in my 20's. If I can do this successfully, so can anyone else.
    Jul 9, 2012. 08:33 AM | 4 Likes Like |Link to Comment
  • Nokia: Finland's 'No' May Lead To Buyout [View article]
    Keep adding, keep losing, keep trying to convince others your right.

    Ride this European pig all the way to $0.
    Jul 4, 2012. 02:28 PM | 1 Like Like |Link to Comment
  • Amazon Ready To Plunge On Margin Squeeze [View article]
    "I bet that Apple's (AAPL) iPad will also cut its prices in the long run once it sees that consumers are starting to look for non-Apple tablet alternatives."

    Not really. The iPad is wildly outselling everything else. What we're seeing is two markets - an iPad market and a tablet market.
    Jul 3, 2012. 04:15 PM | Likes Like |Link to Comment
COMMENTS STATS
205 Comments
430 Likes