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Harry ? Harry   ? is offline
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First recorded activity by BoatBanter: Sep 2010
Posts: 207
Default the rich get richer and the middle class poorer

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On Tue, 14 Sep 2010 11:29:39 -0400, "Harry ?"
wrote:

wrote in message
. ..
On Tue, 14 Sep 2010 09:27:26 -0400, "Harry ?"
wrote:

Speaking of soft car market. Went to get my cars oil changed at the
local
L/M dealer and didn't see a single car buying customer the whole time I
was
there.

I am on my way to the dealer to get a timing belt for my old Prelude.
That was $1000 a couple years ago(I passed). They are going to do it
for $560 today with a coupon. The parts are almost $200 and it is a
miserable job on a Prelude (there is no wheel well cover to remove,
the strut support is right there). Those boys are hungry.



I haven't been following the auto industry closely lately. I did dump my
Ford stock a couple of months ago. I'm afraid to look to see if that was a
bad decision.


If you sold it in early July ($8-9) don't look. You will cry. If you
caught the $13-14 on both sides of that dip you are OK. It is trading
in the 12s today. I missed the big jump but I did get some bucks out
of it from $8 to $12 before the July dip. I had a stop loss that
traded on the way down. There was more money to be made but it is hard
to hit bottoms and tops. (AKA time the market). Nobody ever went broke
making a profit tho. Take what you can get.



I did OK on that one but you don't win them all, unfortunately.