Ask Unkie Trunkie Again!
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From: SJC
Originally Posted by espelirS2K' date='Jan 28 2009, 06:22 PM
Unkie T, I was doing some research on ATI. Looks like it could potentially be a good buy. The guys over in the M&I section don't help me (i.e. repsond to questions). It's a construction (steel) company that is known to go up and down.. right now it's like $25.. it 52wk high is $82 and trends of 2 years.. right now it's in a slum, but it's looking like it'll bounce back like it has been doing in 2 years. Any thoughts?
Also, I was looking in to some blue-chips.. and I didn't see TOO many good buys. Maybe AAPL, GE (already have 4 whole shares
), and WFC.. Thoughts on that?
Also, I was looking in to some blue-chips.. and I didn't see TOO many good buys. Maybe AAPL, GE (already have 4 whole shares
), and WFC.. Thoughts on that? ATI - with any steel company, watch the commodities market first. With demand for ore down, expect the margins to be nominal.
AAPL - The force field that is Jobs is in gross decline. . . also, your idea of a blue-chip vs. my idea of a blue-chip are a little different (remember, I'm 33. . . I remember NeXT. . . ahem)
GE -
Tough call. Nobody knows their exposure (to CDOs). If you're willing to bet FOR the creation of Obama's "Black Bank" (pardon the pun) for bad debt, then it might be alright. However, assume a fair bit of short term loss.WFC - Same as GE. . . wait, you thought GE made shit?
Wells Fargo bought Wachovia for the deposits as a hedge against their exposure to the mortgage market (I believe).
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From: Bay Area
Originally Posted by jasonw' date='Jan 29 2009, 08:10 AM
I just quit WFC in October. I hated it there. And the stock is down 33% since my departure.
I hated it there once we got new management.
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From: Bay Area
Originally Posted by 8D_In_Trunk' date='Jan 29 2009, 01:17 AM
ATI - with any steel company, watch the commodities market first. With demand for ore down, expect the margins to be nominal.
AAPL - The force field that is Jobs is in gross decline. . . also, your idea of a blue-chip vs. my idea of a blue-chip are a little different (remember, I'm 33. . . I remember NeXT. . . ahem)
GE - Tough call. Nobody knows their exposure (to CDOs). If you're willing to bet FOR the creation of Obama's "Black Bank" (pardon the pun) for bad debt, then it might be alright. However, assume a fair bit of short term loss.
WFC - Same as GE. . . wait, you thought GE made shit?
Wells Fargo bought Wachovia for the deposits as a hedge against their exposure to the mortgage market (I believe).
AAPL - The force field that is Jobs is in gross decline. . . also, your idea of a blue-chip vs. my idea of a blue-chip are a little different (remember, I'm 33. . . I remember NeXT. . . ahem)
GE -
Tough call. Nobody knows their exposure (to CDOs). If you're willing to bet FOR the creation of Obama's "Black Bank" (pardon the pun) for bad debt, then it might be alright. However, assume a fair bit of short term loss.WFC - Same as GE. . . wait, you thought GE made shit?
Wells Fargo bought Wachovia for the deposits as a hedge against their exposure to the mortgage market (I believe). )ATI-- Allegheny Technologies Incorporated manufactures and sells specialty metals worldwide. The company operates in three segments: High Performance Metals, Flat-Rolled Products, and Engineered Products--
That's what they do.. I never thought of looking to commodities. But maybe with spring coming along, there will be more construction, and a rise in stock price. Or the economy world wide is so shitty, not likely?
..I was researching blue-chips and that's really the only ones I felt like were worth buying.. a lot of the other ones were still very stable (only $10 or so off their 52wk hi/low). The thing I hate about AAPL, is jobs isn't in there marketing, he isn't in there making the shit, coming up with the ideas.. he's just the face. Once people get over the fact that he isn't everything people thought he was.. it'll rebound. At least that's my speculation.
GE- I think the Obama Bank will pass.. he's gotta do something, or it'll take YEARS longer in order to get shit out of the hole.. everyone's counting on him. It'll happen by the end of the year, I'm sure. But just like you
WFC- WFC bought Wachovia for exposure to grow, and yes, as well as to help lighten the load from their mortgages. Although, they weren't hit nearly as hard because they're always EXTREMELY careful about lending money.. especially for mortgages.
What blue chips would you look in to??