Hysterical post coming from a guy who clearly suffers from paranoid schizophrenia. I'm crying all the way to the bank.
Perhaps you're unaware, but the whole point of the market is to make a profit. I never said the investment was ethical or moral, simply that it would be a profitable one, to which you said it WOULDN'T BE. Or are you not aware that capital seeks its highest return?
And "responsible for at least" what?? 14,000 American's didn't die due to the meltdown, what on earth are you talking about? I'm not saying there won't be potential detrimental health effects down the road, but if that's your assertion, you're jumping the gun by about 7 years.
Considering the ENTIRE Japanese market tanked over 7% (Nikkei 225 lost over 1100 points. Yes, that's four digits, and only 2 out of the entire 225 finished up) last night, and TEPCO didn't even reach it's trading limit for the day, I'm not very worried about the drop.
I don't think anyone made fun of anyone selling at around $8. I was, however, LOLing at those who sold back in April at $4ish. Only issue with selling into a rally (if you're longterm) is that the expected price drop has to at least equal what you pay in transaction costs and taxes to justify it. So selling at $8 might seem smart, but are you that sure it's going to drop $1.6 (the 20% tax you'll have to pay on your profits)? IMHO it's not worth the risk, especially since it could just as easily rise another 10%, and then you're SOL.
Probably a combination of that and just a sell off given the recent rally. The company that operates that plant, Japan Atomic Power Company, is jointly owned by TEPCO, KEPCO, Chubu, Hokuriku, Tohoku, and J-Power. Last night, all of those utilities were down about 2 - 3%, except for Chubu, owning 15% (compared to TEPCOs 28%) which was up.
Quick analysis shows that JAPC only made up of about $38M of TEPCOs profit/loss for 2011, and a mere $5.3M for the several years before that. Granted, TEPCO is its largest shareholder, but they announced that the plant was sitting on a (supposed) fault line months ago, it shouldn't have that much of an effect on the price at this point.
Also, apparently Obama's OVERALL approval ratings as of Monday 5/20 are as followed (courtesy of Nate Silver): Gallup - 49%, Rasmussen - 48%, CNN - 53%, ABC-Washington Post - 51%. Go soak your head toolbag.
1) What does the IRS and AP have to do with "national security?" Apparently you're also not familiar with the difference between causality and correlation. (SHOCKING~~!)
2) I still don't know what the "scandal" with Benghazi is. Did you not read the White House emails that were released detailing their involvement with the talking points, and how the overwhelming majority of the wording was at the hands of the CIA, NOT the State Department? No, of course you didn't, that would require you to actually track the development of a story, rather than simply copy and pasting the headlines from drudge report.
I hope he reads this~~!
Your silence is heartbreaking.
And this has what to do with NYT?
As opposed to conservatives, who in 2000 and 2004 voted in a guy who's only "Executive experience" was being part owner of a baseball team. But hey, sports are war, right??
Still don't know what the "scandal" is with Benghazi.
Considering you've held it for this long, why you would sell it before there's an official announcement on the reactors restarting is beyond me.
"Obama now has" Is Obama the one dictating their wages? Is Obama the one forcing them to sign up for the programs? Is Obama the one who created the program in the first place? Do you ever think before you type? Considering you're from Europe, don't you ever complain about the social safety net there? Are you even a human being?
Yesterday's volume for TKECF was the heaviest since the initial days of the accident. The volume for 9501 for the past 10 days or so has been around 500M shares a day. Considering there's only 1.6B shares floated, that's pretty amazing.
And 9501 is now up another 15% in Japan, approaching 850 yen. What a bad idea it was, buying 22,000 shares at 350 yen. ;-)
I keep asking you to explain, and all you do is insult, claim the government is rogue, and talk trash about this stock. Either put up or shut up.
Just because a claim is "documented" (what does that even mean? Of course it's "documented," you're on a public forum) doesn't mean it's "correct."
Actually, this may be my favorite thread.
Can't help but LOL @ this thread. Given the timing, I can't think of a better example of why I never sell.