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Gas getting higher.

On Wed, 02 Mar 2011 17:40:18 -0500, wrote:

On Wed, 02 Mar 2011 14:02:03 -0800, wrote:

On Wed, 02 Mar 2011 14:18:08 -0500, wrote:

On Wed, 02 Mar 2011 10:11:52 -0800, wrote:

Nope. It's all about lack of ability to negotiate a better price,
e.g., like letting Medicare do it?

You can't negotiate with a monopoly, what is your leverage?

Lower your price or I will do without?

I guess the VA doesn't do that then.

http://www.govexec.com/dailyfed/122105cdpm1.htm

Who is stopping Medicare then?

Is it just that DVA is better than the bumbling bureaucracy at HHS?

Congress is stopping them. But, that can't be fixed, right?

What happened between 2009 and 2011?
It was a democratic congress and the health care bill was passed in a
filibuster proof senate.

Which didn't include anything about letting Medicare negotiate prices.
A failure of both houses of Congress for sure. The Dems wimped out.

Gas getting higher.

On Wed, 02 Mar 2011 21:06:22 -0500, Wayne.B
wrote:

On Wed, 02 Mar 2011 13:20:54 -0800, jps wrote:

I look at Wall Street like Jai Alai, You are never really sure what is
going on and you don't really understand the rules but if you can bet
with the smart money you can win.

That may be true but smart one day can be idiotic the next.

Lehman is out of busines. The game is rigged and Goldman has won, but
that doesn't mean that your Goldman broker is anymore on the inside or
working in your interests. They sold **** to their best customers in
hopes of keeping their bonus checks coming.

If you think Goldman is a smart player, and they are, why not buy part
of the company?

http://finance.yahoo.com/q/bc?s=GS&t=my

You could have almost tripled your money in 10 years with buy and
hold, much more if you'd traded around the dips.

"traded around the dips" oh man, that's rich.

You sound like a day trader.

Gas getting higher.

On Wed, 02 Mar 2011 20:54:29 -0500, Wayne.B
wrote:

On Wed, 02 Mar 2011 11:38:55 -0800, jps wrote:

I know
more about the equity markets than you'll ever know.

That is highly unlikely but I'm not going to compare resumes with you
in this forum. Suffice it to say that I spent 40 years in the
industry. If that fails me, my youngest son is an ivy league MBA and
CFA.

Most of the
valuations are bogus and financial reports are manipulated to match
the analysts expectations.

Really? There are people who would pay you very well if your findings
are correct. Why not sell those companies short or buy put options?

You're uninformed and sound like you worked at arm's length.

The books are prepared to support the
message, not reality.

Perhaps you could cite some examples other than the outright frauds
like Enron, and the recent fiasco with mortgage backed securities.

Again, you sound naive. How many CFOs of publicly traded companies do
you count as friends? The whole financial reporting practice of most
firms is driven by maintaining or pushing the stock price. Numbers
are regularly manipulated by booking altering revenue recognition,
timing write offs, closing deals, etc. It's all to satisfy the
analysts and expectations. The pressure for these departments to make
the numbers right is extraordinary and it happens everywhere and in
every industry.

It's a rigged game that favors those with the tools to predict and the
resources to manipulate.

If you don't have the know how to study, predict and analyze you are
definitely playing with half a deck. There's an old saying in poker
that if you look around the table and can't figure out who the patsy
is, it's probably you.

You still think Wall Street is a safe gamble? You'd be better off in
a casino betting on craps. Smart people took their cash out of the
market in the late 1990s and never put it back in.

Poor analogy. The market is not without risk but it is most
definitely not a casino. The casino always wins - it is a
mathematical certainty. The right way to think of the stock market is
as a collection of companies in which you can individually assume a
part ownership, or not. Would you want to own a piece of them all?
Most certainly not. My investment returns since the late 90s are very
substantial and there are many others who have done much better.

Best odds in any gambling house is craps. The odds are as even as it
gets.

Maybe you'll be lucky enough to have a boat to live on when the next
dump takes you to naught.

Anyone who goes to naught in a crash is asleep at the wheel, and more
than likely, poorly invested prior.

Let's hope you're not one of them.

Gas getting higher.

On Mar 3, 1:28*am, jps wrote:
On Wed, 02 Mar 2011 21:06:22 -0500, Wayne.B

wrote:
On Wed, 02 Mar 2011 13:20:54 -0800, jps wrote:

I look at Wall Street like Jai Alai, You are never really sure what is
going on and you don't really understand the rules but if you can bet
with the smart money you can win.

That may be true but smart one day can be idiotic the next. *

Lehman is out of busines. *The game is rigged and Goldman has won, but
that doesn't mean that your Goldman broker is anymore on the inside or
working in your interests. *They sold **** to their best customers in
hopes of keeping their bonus checks coming.

If you think Goldman is a smart player, and they are, why not buy part
of the company?

http://finance.yahoo.com/q/bc?s=GS&t=my

You could have almost tripled your money in 10 years with buy and
hold, much more if you'd traded around the dips.

"traded around the dips" oh man, that's rich.

You sound like a day trader.

Next to Wayne, you sound like a mental midget. How is the soft ware
business fairing? Still floundering away?

Gas getting higher.

On Mar 3, 1:37*am, jps wrote:
On Wed, 02 Mar 2011 20:54:29 -0500, Wayne.B

wrote:
On Wed, 02 Mar 2011 11:38:55 -0800, jps wrote:

*I know
more about the equity markets than you'll ever know.

That is highly unlikely but I'm not going to compare resumes with you
in this forum. * Suffice it to say that I spent 40 years in the
industry. *If that fails me, my youngest son is an ivy league MBA and
CFA.

Most of the
valuations are bogus and financial reports are manipulated to match
the analysts expectations.

Really? *There are people who would pay you very well if your findings
are correct. * *Why not sell those companies short or buy put options?

You're uninformed and sound like you worked at arm's length.

The books are prepared to support the
message, not reality.

Perhaps you could cite some examples other than the outright frauds
like Enron, and the recent fiasco with mortgage backed securities.

Again, you sound naive. *How many CFOs of publicly traded companies do
you count as friends? *The whole financial reporting practice of most
firms is driven by maintaining or pushing the stock price. *Numbers
are regularly manipulated by booking altering revenue recognition,
timing write offs, closing deals, etc. *It's all to satisfy the
analysts and expectations. *The pressure for these departments to make
the numbers right is extraordinary and it happens everywhere and in
every industry.

It's a rigged game that favors those with the tools to predict and the
resources to manipulate.

If you don't have the know how to study, predict and analyze you are
definitely playing with half a deck. * There's an old saying in poker
that if you look around the table and can't figure out who the patsy
is, it's probably you.

You still think Wall Street is a safe gamble? *You'd be better off in
a casino betting on craps. *Smart people took their cash out of the
market in the late 1990s and never put it back in.

Poor analogy. * The market is not without risk but it is most
definitely not a casino. * The casino always wins - it is a
mathematical certainty. *The right way to think of the stock market is
as a collection of companies in which you can individually assume a
part ownership, or not. * Would you want to own a piece of them all?
Most certainly not. *My investment returns since the late 90s are very
substantial and there are many others who have done much better.

Best odds in any gambling house is craps. *The odds are as even as it
gets.

Maybe you'll be lucky enough to have a boat to live on when the next
dump takes you to naught.

Anyone who goes to naught in a crash is asleep at the wheel, and more
than likely, poorly invested prior.

Let's hope you're not one of them.

It sounds like you are are one of them, or have been on the edge. You
show experience of losing your ass. Wayne shows evidence of retiring
comfortably and enjoying the fruits of his labour.

Gas getting higher.

On Thu, 3 Mar 2011 07:20:56 -0500, BAR wrote:

It's called market timing and it is a bad ivestment strategy.

That's true for the most part but one of my hard and fast rules is to
never hold on to a falling stock. You can always buy it back later
if you still like it.

Gas getting higher.