My Picks
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This General Forum is for general discussions from daily chitchat to more serious discussions among Somalinet Forums members. Please do not use it as your Personal Message center (PM). If you want to contact a particular person or a group of people, please use the PM feature. If you want to contact the moderators, pls PM them. If you insist leaving a public message for the mods or other members, it will be deleted.
- Aerosmith
- SomaliNet Heavyweight
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- Joined: Sun Sep 28, 2003 7:00 pm
- Location: Inside CFAI Publications
My Picks
I thought I will stick around till at least 3rd June when I return to the US side and advise fellow somnet on prospective investments. My take is for all those looking for at least second Q2 profit is to buy OIL Long ETF/ETN. To be specific Double long ETN DXO...Oil is trading at $63.77 and with OPEC promising to raise it up to $75 one can have a good run. For hedging purpose one can use exploration firms. In addition if oil does sustain this momentum buy puts for transporters, rails, airlines.
For immediate trade till Friday GM is the way to go. Mind you GM will still not buckle and trade within range of 1.2-1.4 for some sentimental purposes and some common holders hoping Uncle Sam will come to the rescue. I tried to paper trade GM now and the $1.00 puts are trading at $0.53, which represents almost the 100% gain of shorting the stock to zero in a bankruptcy scenario. Many people will not go for this as they fear existing common shareholders are getting 1% of the new equity which translates into a current stock price somewhere in the 15-20 cent range. This I guarantee you folks will never happen and can only happen on an out of court settlement a scenario bond holders will refuse. The FED will not allow GM to ram through a 363 sale like they did with Chrysler.
Good luck all
For immediate trade till Friday GM is the way to go. Mind you GM will still not buckle and trade within range of 1.2-1.4 for some sentimental purposes and some common holders hoping Uncle Sam will come to the rescue. I tried to paper trade GM now and the $1.00 puts are trading at $0.53, which represents almost the 100% gain of shorting the stock to zero in a bankruptcy scenario. Many people will not go for this as they fear existing common shareholders are getting 1% of the new equity which translates into a current stock price somewhere in the 15-20 cent range. This I guarantee you folks will never happen and can only happen on an out of court settlement a scenario bond holders will refuse. The FED will not allow GM to ram through a 363 sale like they did with Chrysler.
Good luck all
- Cali_Gaab
- SomaliNet Super
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- Location: Sleeping next to my life's cottage
Re: My Picks
I might go swimming on Saturday.
- Aerosmith
- SomaliNet Heavyweight
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Re: My Picks
Get lost troll 

- Warsan_Star_Muslimah
- SomaliNet Heavyweight
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Re: My Picks
Aerosmith,
Okay bro, ilahay haa ku fudideeyo everything.
Okay bro, ilahay haa ku fudideeyo everything.

- Navy9
- SomaliNet Super
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Re: My Picks
I think I am bit confused... 

- Warsan_Star_Muslimah
- SomaliNet Heavyweight
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- Joined: Mon Apr 21, 2008 3:19 pm
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Re: My Picks
A bit?Navy9 wrote:I think I am bit confused...

I would explain, but I'm afraid I'll get technical and therefore confuse you further. (yeah, right I'm clueless too)
- Aerosmith
- SomaliNet Heavyweight
- Posts: 1214
- Joined: Sun Sep 28, 2003 7:00 pm
- Location: Inside CFAI Publications
Re: My Picks
Sorry Navy9 and Warsan but this thread should have been in business section. It was meant for traders, finance students etc.
Re: My Picks
Hey, I can move it there if you want.. but I suspect you will get more readers in this section.
So how you holding up sxb??
So how you holding up sxb??
Re: My Picks
I don't know! Would be nice to have extra money on the side exclusively for investing, unfortunately, money is ellusive, so, one can only dream.
- Aerosmith
- SomaliNet Heavyweight
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- Joined: Sun Sep 28, 2003 7:00 pm
- Location: Inside CFAI Publications
Re: My Picks
Cawar I am alright bro, preparing mentally for D-Day. Been extra friendly to all these last few days, even a former arsehole enemy. Fasted last two days and will be fasting today Friday too Insha Allah.
Primal sxb cut the pessimism rhetoric and take charge of your destiny. You can make money Allah willingly if you were hell bent on it. Good luck
Primal sxb cut the pessimism rhetoric and take charge of your destiny. You can make money Allah willingly if you were hell bent on it. Good luck
Re: My Picks
^ Thanks for your encouragement. Someday I might inshallah.
- Aerosmith
- SomaliNet Heavyweight
- Posts: 1214
- Joined: Sun Sep 28, 2003 7:00 pm
- Location: Inside CFAI Publications
Re: My Picks
Primal-start from tomorrow mate. You never know what will happen in a few weeks time. Heck look at me, I only have few more days of freedom.
- Aerosmith
- SomaliNet Heavyweight
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- Joined: Sun Sep 28, 2003 7:00 pm
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Re: My Picks
God, crude is already up on Dubai and London exchange and future NYMEX indicative is around $65.74. Don´t miss the bandwagon folks. Walahi I mean it.
- Navy9
- SomaliNet Super
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Re: My Picks
Aerosmith wrote:Sorry Navy9 and Warsan but this thread should have been in business section. It was meant for traders, finance students etc.

Aero, I am MBA holder and it has nothing, nothing to do with business that I am confused about but I'll just keep it at that. Good day bro

- AbdiWahab252
- SomaliNet Super
- Posts: 56715
- Joined: Mon Jul 14, 2003 7:00 pm
- Location: Unity. Strength. Capital.
Re: My Picks
DTO is trading at $4.20. Are you suggesting we buy it ? At what range should we dump it.
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