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American Axle & Manufacturing Holdings Inc. Message Board

fred_c_dobbs00 26 posts  |  Last Activity: Jan 13, 2015 12:00 PM Member since: Aug 2, 2009
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  • fred_c_dobbs00 by fred_c_dobbs00 Jan 13, 2015 12:00 PM Flag

    Sen Joe Manchin (D-WVA) says he wants to cut America's dependence on foreign oil. When did Canada become part of the US? Wouldn't Tar Sand crude be bringing more foreign oil into the US?
    The US is currently swimming in oil. Why are Republicans so in love with this pipeline which will bring even more oil into the supply/demand equation driving prices further down?
    I've read that there will be 1000's of jobs created building the pipeline, but these jobs will only be temporary. Once the pipeline is complete, it will only require about 50 people to run the pipeline.

  • fred_c_dobbs00 by fred_c_dobbs00 Jan 13, 2015 10:34 AM Flag

    Sen Joe Manchin (D-WVA) says he wants to cut America's dependence on foreign oil. When did Canada become part of the US? Wouldn't Tar Sand crude be bringing more foreign oil into the US?
    The US is currently swimming in oil. Why are Republicans so in love with this pipeline which will bring even more oil into the supply/demand equation driving prices further down?
    I've read that there will be 1000's of jobs created building the pipeline, but these jobs will only be temporary. Once the pipeline is complete, it will only require about 50 people to run the pipeline.

  • fred_c_dobbs00 by fred_c_dobbs00 Dec 29, 2014 3:37 PM Flag

    I hope Scottrade gets this mess straightened out. All of a sudden I'm showing a $25,955 gain whereas yesterday I was showing a loss. Also they're showing the correct div amount but they're showing the yield as 6.16%. I really hate Reverse Splits. All my spreadsheets have to be updated or they'll all look like gibberish.

  • Based on what I observed with oil related stocks today. Seems like an awful lot of buying going on so the concensus must be it's time to jump in for a ride up.

  • Reply to

    What in the hell is going on here?

    by hhires Dec 16, 2014 9:59 AM
    fred_c_dobbs00 fred_c_dobbs00 Dec 16, 2014 12:01 PM Flag

    If you want to have your jaw drop to the ground just take a peek at a 5 year chart.

  • Reply to

    What in the hell is going on here?

    by hhires Dec 16, 2014 9:59 AM
    fred_c_dobbs00 fred_c_dobbs00 Dec 16, 2014 11:52 AM Flag

    Well, call me crazy and maybe I'll live to regret it but in the last 2 days I've made 3 buys. What I think happened is that big dump whether intentional for an estate liquidation or to drive the price down by a big short, probably triggered a whole pile of stop sell orders which led to the cave in. It's difficult to buy in the face of something like that when there's nothing fundamentally wrong that anybody can find and I'm sure we're all searching for the reason. I have seen this before and bought big and came out smelling like a rose. That infamous "Flash Crash" was a money maker for me cause I held my nose and bought like a madman.

  • Reply to

    Would love a Farmers outlook here

    by pioneercopy Dec 10, 2014 12:13 PM
    fred_c_dobbs00 fred_c_dobbs00 Dec 15, 2014 6:55 PM Flag

    Well I use to have a small farm. I had a cow/calf operation prior to that I raised pure bred Duroc hogs. I even planted a corn crop one year. When I planted corn was going for $3.40 a bushel. By harvest time it had dropped to $2.15. I could have bought the corn for less than I paid to grow it. That seems to be the basic price pattern for corn high in the spring when the reserves are real lean and low in the fall when people are swimming in it. Thats why IL farmers are storing their crop instead of selling it, they're waiting for the price to improve. They know they'll get a better price for it in a cpl of months or they'll feed it to their livestock and get their money back that way. Another thing to think about is farmers aren't gonna plant corn if the price is gonna be in the toilet, they'll switch over to something else. Corn aint cheap to grow and it kills the soil. Every farmer knows that!

  • Reply to

    Short Interest

    by houtech0829 Dec 2, 2014 10:43 AM
    fred_c_dobbs00 fred_c_dobbs00 Dec 4, 2014 1:43 PM Flag

    Yes my acct is classified as a margin acct. I thought that you had to borrow the shares in order to sell them short OW where do the shares come from? Is this the root mechanism behind "Naked Shorts"? This should be abolished IMO. Naked shorts and Hi Freq trading is killing the market.

  • Reply to

    Short Interest

    by houtech0829 Dec 2, 2014 10:43 AM
    fred_c_dobbs00 fred_c_dobbs00 Dec 4, 2014 12:45 PM Flag

    I believe you but every time I try to short a stock under $5.00 Scottrade tells me I can't do it. Is it just them?

  • Reply to

    Short Interest

    by houtech0829 Dec 2, 2014 10:43 AM
    fred_c_dobbs00 fred_c_dobbs00 Dec 3, 2014 7:50 PM Flag

    Just curious, how can you short a sub 5 dollar stock?

  • Reply to

    Is the OPEC Disfunction already priced in?

    by tonywestsider Nov 28, 2014 1:44 AM
    fred_c_dobbs00 fred_c_dobbs00 Nov 28, 2014 10:10 AM Flag

    Disfunction? OPEC is anything but Dysfunctional. OPEC brought the United States to its knees in the winter of 73-74 or maybe you forgot. Were you alive back then? Were you old enough to have a car? You people don't get it do you?
    "The best defense is an effective offense." If somebody threatens your business and your livlihood what do you do? Say "Oh Well" and just roll over? Not when you have the power of "Big Oil" and OPEC. You attack and that is exactly what the crude oil Cabal is doing!
    "A cabal is a group of people united in some close design together, usually to promote their private views or interests in a church, state, or other community, often by intrigue, usually unbeknownst to persons outside their group."

    The Diesel to LNG/CNG paradigm is a threat to them like nothing they've had to face before. What better way to put a stop to it, than by eliminating the monitary advantage that Nat Gas has over crude oil?
    Ladies and gentlemen we are under attack and there's not much we can do about it other than to hunker down and wait for them to run out of ammo. In the meantime enjoy cheap gas while it lasts because it wont last very long before they have us back in their pocket.

  • Reply to

    PPS Post RS?

    by fred_c_dobbs00 Nov 24, 2014 10:26 AM
    fred_c_dobbs00 fred_c_dobbs00 Nov 26, 2014 10:02 AM Flag

    "to the person you borrowed the shares from."
    I knew you, as the shorting person must pay the dividend but I was mistaken as to who you paid it to, so I called my broker and he corrected me. As the shorting entity you must pay the dividend to the person who bought the shares from you which you borrowed from the lender. The fund continues to pay the dividend to the owner of record namely the person you borrowed the shares from.
    He went on to tell me even professional money managers have been blind sided by this, they called to complain about an unexpected debit on their account.
    This is a major factor when shorting a CEF with a high distribution rate such as CFP.

  • fred_c_dobbs00 by fred_c_dobbs00 Nov 24, 2014 10:26 AM Flag

    The PPS will go up 4X due to the RS but what will it do after that? Your logical thought out opinion will be appreciated. Will it rise due to institutional investors piling in or fall due to being able to short the fund. Bear in mind if you hold a short position in a CEF, YOU are the one who will have to pay the dividend to the person you borrowed the shares from.

  • I'm pretty sure VLO can refine this stuff but is there anybody else? Would the Keystone have any affect on VLO bottom line?
    Aside from a few 1000 temporary construction jobs what benefit is there from this pipeline for the good ole US of A?

  • fred_c_dobbs00 by fred_c_dobbs00 Nov 14, 2014 9:46 AM Flag

    Why is this ETF down this AM? Talk about manipulation!!!!

  • Reply to

    climate change deal and westport

    by grahampopper2 Nov 13, 2014 5:06 AM
    fred_c_dobbs00 fred_c_dobbs00 Nov 13, 2014 8:35 AM Flag

    In other words every year for the next 15 years (about the lifetime of a dog) China will be adding more Carbon to the atmosphere. Then probably for the next 15 years their emissions will remain flat until hopefully it will begin to fall. I'm actually glad I wont be around to breathe in their stink.
    The Human experiment on this planet will be recorded by future life forms as a failure.

  • fred_c_dobbs00 by fred_c_dobbs00 Nov 13, 2014 7:41 AM Flag

    0
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  • "The Teucrium Corn Fund (CORN) saw a modest intraday pop after the USDA unexpectedly lowered its 2014 corn crop yield forecast.

    The USDA lowered its 2014 corn forecast to 173.4 bushels per acre from last month’s outlook of 174.2 bushels per acre. Traders expected the USDA to say corn yields would check in at 175.2 bushels per acre.

    “Projected U.S. season-average prices for corn were raised by 10 cents per bushel, to a midpoint of $3.50. USDA’s fourth round of 2014 crop estimates mostly reflected fine tuning, though, with a hearty dose of harvested data to inform the agency’s estimates,” reports Ros Kransy for The Western Producer.

    Shares of CORN are up nearly 1.7% at $26.17 and earlier touched an intraday high of $26.48. Corn futures opened lower Monday as traders expected the USDA report to reflect ample supply. On Sunday, Morgan Stanley “cut its estimate for corn to $3.90 a bushel in 2014-2015 from $4.35 in October,” according to Bloomberg.

    Goldman Sachs recently forecast corn to tumble to $3 per bushel in the coming months.

    Although CORN has struggled this year, some traders have not shied away from betting on a rebound for the fund. CORN hauled in almost $50.6 million in new assets during the third quarter and has added another $3.5 million since the start of the current quarter. [Corn ETF on the Move Higher]

    CORN has surged 9.6% over the past month."

    To which I would like to add, adiba diba diba, That's all folks! No more corn will be planted or harvested until next year, so, whatever there is.... is ALL there is! The price of Corn can only go up from here and you can take that to the bank!

  • fred_c_dobbs00 by fred_c_dobbs00 Nov 8, 2014 9:10 AM Flag

    I recently received my Semi-Annual Report | August 31, 2014 from AGIC and they state the NAV for NCV & NCZ as $9.29 and $8.34 respectively. This is different from the numbers reported by CEF Connect ($8.71 & $7.82) which for me has been a very reliable source over the years. Who do you believe? Word from the horses mouth namely AGIC or CEF Connect? I'm going with CEF Connect because the report from AGIC is ancient news being over 2 months old.
    I don't know why these companies even bother with this old stodgy system of reporting financial data when there are hedge funds who make trades in 1/100 of a second and information travels at the speed of light.

    Do you know why the wealthy always built their mansions high up on a hill? It has nothing to do with flooding. It's so they had the best vantage point to see the tops of the masts of sailing ships coming into port with their holds stuffed with goods from abroad. This gave them a huge time and knowledge advantage which they could use in the commodities market.

  • Reply to

    Only my opinion!!

    by macbride247 Nov 5, 2014 10:58 AM
    fred_c_dobbs00 fred_c_dobbs00 Nov 7, 2014 8:19 AM Flag

    Sorry but the dumbest thing you can do is buy a house with cash. The 2nd dumbest thing is to pay off a low interest mortgage. I made both mistakes when I was young. I agree with paying cash for a (used) car and paying off a CC. Short of getting kidnapped by Somali pirates or having to get bailed out of a Mexican jail I can't think of a reason for keeping $20K in cash. You can always unload a CEF in minutes in emergencies.

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