Are you still considering purchasing more GXP?
I am thinking along that lines. Right now there seems to be to much confussion in the market.
Do you know what the long term winter forecast is for this winter? Not able to get much information out here.
My gut tells me to buy, buy and buy more.
Hope all is going well for you.
Phillip oregon city
It is so nice to read a couple of posts written by those with intelligence instead of those leading such miserable lives and can only write with ridicule of others. Good luck to Phillip with your investments. Any sane person would wish this for you instead of making fun of you. I read their posts but they are not worthy of my time and/or intelligence...just pity them and pray for them.
Thanks to each of you for wishing me good luck.
I really have no one to blame but myself. I have accoumalated VZ, over several. Average share price is in the 50's.
Forget the first rule of investing never get greedy. Live and learn.
Every one have a great week end.
Phillip oregon city
I have made money on VZ. Got GREEDY.
Currently I am looking at Foreign Stock, in Asia, China. The market is intresting but not real comfortable with it.
Personally their is just two much confussion in the market at this time to really make any purchase.
Two stock in MHO are SSL, in South Africa and GSH, in China.
Have a good day.
Phillip Oregon city
I think you are probaly alittle late on gsh it still pays a good div even now. I bought years ago at $5.00, but i don't see much of a increase in share price short term but it will increase long term
I would advise caution concerning investments in China. It is probably better to invest in closed end, discounted mutual funds that invest in China. After WW II, the Chinese borrowed a lot of US dollars to build a railroad (I don't know which one) in China. A few years later, the Communists under Mao Tse Tung took over the country and repudiated that debt. So now the Chinese have a US-built railroad that they got for free. The people running China are the offspring of Mao's government. They learned economics from communist teachers. They presently act like capitalists, - indeed, it is in their present interest to do so; but I don't think they can be trusted. Recently, they were outraged that Unocal sold the company to Chevron for less than the Chinese (Cnooc) had offered. I think the main reason Unocal accepted CHV's offer was that the Chinese had an escape clause in their offer. (Also, there was opposition in the US Congress.)
The Chinese did not want merely to invest in Unocal, they wanted to take over the company. However, no foreign company can purchase a Chinese company. Foreigners can buy stock in a Chinese company, but the Chinese govt always retains control. I would not buy a US base mutual fund investing in Chinese stock, but I would think that would be a safer method than owning Chinese stock directly. With a mutual fund, if they nationalize a company, but not every company, the fund management may have a chance to dump their other holdings and get out of China, before everything gets nationalized. I certainly recognize a country's right of expropriation (in which a fair price is paid for the company seized) but not the right to confiscate (w/o payment).
If we are all lucky, they will continue to act like capitalists; and if we are really lucky, China may become a capitalist democracy, where foreign investment will be protected; but we are not there, yet. I advise caution; don't bet the farm on China. Sorry to go on and on. Good luck, JJ
For an interesting view on investments in China, look at the FAX msg board. There is a posting entitled "Re: AUD, Oil, Metals". The author is Dotore, the posting time of the msg is Nov l/12.50pm. Regards, JJ
The reason I am bullish on GSH. The company has
allocated over $200 billion dollars to improve their system.
The government is keeping the price of gasoline high to force the public to use mass tranportation.
Moving raw materials from western China to the Eastren Industrial Area.
IMO the government will keep the rails moving to avoid public unrest.
I am not a big fan of mutal funds.
Good luck to all of you in investments.
Phillip oregon city
I intend to buy some of the I Bonds in February. I think they anticipate the 5 year ones will pay 6.8% and that is good enough for me. You can buy $60,000.00 per year and they are not state taxable.