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International Business Machines Corporation Message Board

jrmills0014 2031 posts  |  Last Activity: 20 hours ago Member since: May 25, 2002
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  • Not that I have a clue? I think oil should be going down? Why is it going up? And I think what IBM reports on Monday.. Will have impact on Dow? But as IBM has dissapointed for so long.. Will they come in.. And have positive impact? But an old hustler.. Told me one time! Don't bet, That things will change.. If you even think you know what oil or Dow will do please shr? Thks ahead of time!

  • Reply to

    This stock is a dog with fleas.

    by mtardoonyo Apr 18, 2015 9:53 AM
    jrmills0014 jrmills0014 21 hours ago Flag

    Well I have done DD.. And if a flea from my neighborhood, Jumped on this dog.. We wouldn't let him back into the neighborhood.. Hard enough keeping other crazies out!

  • jrmills0014 jrmills0014 Apr 18, 2015 11:38 AM Flag

    You are giving GE credit for something.. We have never seen in the past.. If Drys gets $525M from sell of tankers? He will never use all that money to pay off loans? As of right now.. To sell those tankers.. He tells, what is borrowed against those tankers, that will have to be payed off.. Before he cn buy them for his self.. And in past. In deals like this.. Cardiff has been charging Drys about 30% commision for selling or buying anything? So look for debt to drop about what is borrowed against those tankers.. That ABN loan.. Has nothing to do with tankers.. From googling, Compass Maritime weekly.. trying to figure out what the worth of bulkers are.. You are free, to do the same! My conclusion.. Whole bunch may be worth $494M? Those 13 Capes worth about $20M apiece.. Those 24 Pany + 2 Supra. Worth about $9M apiece.. But Compass said one shipper trying to sell 13 bulkers for like $550M? That does not compute? Unless those bulkers are like newbuild Capes? They didn't say what kind of bulkers they are.. But right or wrong.. And I could be way off, on value of those bulkers? When smoke clears? I think Drys will still have about $1B debt.. "MAYBE" $100M-$200M in equity, in that Orig stk.. Don't forget $320M is borrowed against Drys equity in that Orig stk.. I think! Orig will be lucky to keep trading at $7. per shr? $7. X 78M shrs...As for what value of bulkers are?? Only way we will ever know that? Got to have seller and buyer to agree on a price? Funny part! With those tankers.. GE is seller and buyer.. If he is buying for his personal fleet.. Who you recon is getting the best deal? But as I think Drys is close to BK? GE got a a third party.. To agree. That is fair price for those tankers... Not that I think they are worth that much more? To these clowns! What difference does maybe $20M make on that kind of money.. Have you ever done a little paper work and made $20M? In fact: Will you ever make $20M in your whole life? Where is William Money, when you need him?

  • Reply to

    GE asked sec to sell 1 billion shares

    by tgirl_investor Apr 17, 2015 2:36 PM
    jrmills0014 jrmills0014 Apr 17, 2015 5:41 PM Flag

    I can't believe GE, has been able to sell 670M shrs of this POS.. Next closest one is NM.. Who have been able to get idiots, to buy like 120M shrs.. If you don't believe, that snake GE will try to sell that 1B shrs. to unsuspecting idiots.. Fine! I'll tell you something... If GE was' selling $100. bills for $10.. I would think hard and long, before buying any!!! Kemmy get off your knees.. The ones who bought those first 670M shrs of this POS, have been licked enough.. You shameless huzzie..

  • jrmills0014 jrmills0014 Apr 17, 2015 5:11 PM Flag

    Word to wise! If you ever start feeding ferral cats in neighborhood.. You are hooked forever! Got one sitting on window sill right now! Glaring at me.. It's time for us to be fed! What do I get.. Once in a while.. They will kill a mouse, or more likely and innocent mole.. And once in a great while a rat! And leave it in front of front door.. Got to go.. Got to feed those cats..

  • At $180, It was surely under priced.. Now at $160. It's got to be under priced? But till we see figures for 1st qtr.. I wouldn't bet a qtr. it cant go to $140. At that point..Then we can reavaluate it? I still think IBM is worth more than $200. ""But""??? What I think and reality.. are 2 different animals... But at some time! Those fast trading jerks.. Will be off base.. But as they controll trillions.. Can you beat them at this silly little game.. If you could? You could throw out all those beeny weenies.. And find out what those great big snow crab legs, taste like.. And f strip steak.. Nothing but fillet migons.. Tells you how much of that, I ever ordered.. Don't even know how it's spelled... Hey good luck on Monday... I'll be on side line! Trying to figure out.. If manipulators are off base! In mean time.. Throw another log on the fire.. And open me a can of BW's..

  • Reply to

    Long perspective

    by surofchek Apr 17, 2015 1:55 PM
    jrmills0014 jrmills0014 Apr 17, 2015 3:34 PM Flag

    We been waiting for rates for bulkers, to recover since 2008... And now they are about 1/10th of what they were back then.. Hell if they went up 3 fold from here.. Bulkers still wouldn't be profitable..If they went up 3 fold.. Drys already have those 13 Capes, leased at lot higher prices than $12.6K per day.. And if Panys got to leasing for $15K.. It would be a game changer.. But regardless.. Anybody buying drybulker stks... Ain't buying anything, they will ever see any benefit from.. Half have already gone BK or equvialent.. Just matter of time.. Before rest go BK... Step right up folks.. Winner every time! Sorry bout that joe.. Want to try again?

  • Reply to

    Long perspective

    by surofchek Apr 17, 2015 1:55 PM
    jrmills0014 jrmills0014 Apr 17, 2015 2:51 PM Flag

    You could be right? I don't think so? I have went over figures.. And really don't know? But my best guestimates.. Bulkers may be worth from $500M to $700M... Drys may end up with like $100M from sell of tankers.. And if lucky, maybe $200M if they do get those loans against Orig stk paid off and they can sell that 78M shrs sold.. With out making it crash to nothing... But lot of ifs and buts in your figures.. As well as mine.. But either way! When you come up with what assets of Drys are worth.. I ain't sure they are worth anything? But if assets are worth, what ever? No way in hell.. After you devide it by 670M shrs.. Drys is worth over 10 cents a shr.. Untill we see what Drys debt is, now! Everything is speculation!! Joe in mean time: 73 cents is going to look like a good price.. When Drys drops to 43 cents.. Take wht you can and run like hell...

  • Reply to

    Closing in on a 52 week low.

    by eskine212 Apr 17, 2015 12:00 PM
    jrmills0014 jrmills0014 Apr 17, 2015 1:26 PM Flag

    I really could care what Drys does.. Not one penny invested.. But I have been following it religiously since early 2011. In 2011.. I thought Drys was a jewel.. Adding 4 newbuild rigs that yr!! F the bulkers.. Those rigs were going to be making so much money.. Bulkers were irrelivant! Now figure out where all that money those rigs, have been generating, has been flowing.. It sure ain't been to Drys!, I know where all that money, that should have been going to Drys.. Has went.. GE is rich SOB!! Sad part: Bulkers just keep looking worse.. And now with crash in oil prices.. Orig looks worse!!! In mean time GE has sold all the stk in Drys he can.. And has borrowed every penny he can against Drys and Orig's assets.. Where the hell did all that money go?

  • Reply to

    remember this article? think about it guys

    by transamchuck1997 Apr 17, 2015 10:28 AM
    jrmills0014 jrmills0014 Apr 17, 2015 11:48 AM Flag

    I do hope.. Before you pay any attention what alpha and others saying.. Try to figure out how bad rates for bulkers are? They are so bad.. If rates were to double.. Drys would still be losing lot of money! And chances of them doubling is slim and none? And slim just left the building.. Hell Drys won't very profitable when they had all their bulkers leased at like $30K apiece, per day.. Check past earnings reports.. They are all in Drys website.. Now spot rates for Capes about $4.2K per day.. And rates for those 24 Panamax, just got back to over $5K per day.. Those 10 tankers are looking good.. What the hell, Your CEO is buying them! For his private fleet.. Before considering Drys.. Better waite and read results for 1st qtr.. As for Orig.. I would deffinatly avoid it.. GE used their assets, when oil was $100. per brl.. And borrowed $6B.. Now has 3 more rigs being built.. That he may need to borrow another $2B, to get them built? They ain't going to lend GE another penny.. Unless oil really rebounds.. And Majors, are willing to pay over $200M per rig, per yr.. To drill in deep water... Right now! Why would you search for new oil, in deep water? If he has to cancel those 3 newbuild rigs. They lose all money, already paid to builders.. And who the hell knows, what they will have to pay in cancellation fees.. But if they paid enough money on those rigs.. GE has the billions, he has made off, Drys and Orig.. He may decide to buy them for his self? Just like he is buying those 10 tankers from Drys, right now.. Then If a good contract comes up to drill in deep water .. His private Co. handles everything!

  • jrmills0014 jrmills0014 Apr 17, 2015 9:50 AM Flag

    If he has any scruples? He sure hasn't showed them.. As they say he has filed with SEC for ability to sell another 1B shrs of Drys.. What the hell is that all about? Is GE and lenders going to take a play out of Newl playbook? If you didn't watch that fiasco last yr.. You missed a circus! Newl never really was worth much of anything.. Yet Newl give lenders right to sell, stk, to get a $2.5M loan.. And were they selling it.. I have no idea how they could have been trading all that stk.. But they were.. Then they would reverse split it again.. They done that several times.. One was like 1 for 50.. Within about 6 mths.. If you had owned $90K worth of Newl on 1/1/14.. That $90K was worth a couple of cents? Damned thing I ever saw? I just wonder was kemmy and crew the ones doing all that posting on Newls msg brd.. Keeping everyone confused as they may have sold couple of billion dollars of that Newl stk? It was a circus!!!!

  • jrmills0014 jrmills0014 Apr 17, 2015 9:05 AM Flag

    It don't make sense! What Saudi is doing..Producing more oil.. Sure ain't going to make oil prices go up.. I assume, we are all trying figure out what CVX stk will do? What a brain teaser! China has storage capacity full. U.S. got a glut of oil.. Saudi producing at all time highs.. Yet oil prices going up?? What will prices do.. When sanctions against Iran? Get lifted.. Iran may have capability to produce as much oil as Saudi? And there sits Iraq and other Opec members needing to sell oil.. As for what CVX stk price does..When they reprt.. I think they will "not" cut divvy, this time around? And that is a nice little divvy...And in this mkt.. Lower CVX drops.. More attractive that divvy is? Hell even with a mkt correction, right now.. CVX could go up a little? 4% divvy, ain't nothing to turn your nose up, at... Good luck to all...I am on sideline..

  • jrmills0014 jrmills0014 Apr 17, 2015 7:47 AM Flag

    Eskine, I haven't owned Drys stk since 2011.. Once in while, will play a few options. Like when they drove it up to $5. I played a few puts. Havn't even played them since it dropped to like $3. But over the yrs. I have read all their earnings releases since 2011.. And even pulled up 2007 releases.. Over the yrs.. GE does everything to benefit himself.. Spins it as he is doing it for Drys. Which is BS.. Now he has made himself billions.. Now not many more ways for him to keep making money off Drys.. I am convinced he wants to send it into BK?? First, there is little equity left. In that Orig stk, to burn.. In mean time tankers, looking good.. He is buying them for himself.. Whether he buys those last 6 tankers by June.. Will depends on whether it's a good deal for GE.. Him and idiots already, spinning, him buying those tankers.. He is doing that to help out Drys..BS!!!!!

  • jrmills0014 jrmills0014 Apr 16, 2015 3:35 PM Flag

    Give me $333M,, I will gladly give you $80M back.. Before they would buy $333M worth.. They made GE. Personally buy $80M of it, back.. (What a bunch of dingalings).. That's all that BS was about.. In mean time. All money flows to that fabulaus CEO. GE, ended up with $253M of new money, And added 80M shrs, into his personal holdings...As for those tankers: That SOB ordered 12 of those tankers for his private fleet? Realized what a bad deal they were.. Dumped them on Drys? Drys was in good shape, at the time. Bulkers were doing good. GE was like a street walking hoe.. Selling stk out of both draw legs.. You are aware Drys, now has like 670M shrs outstanding.. Started out 10 yrs ago with like 33M.. At one time Drys, could have been having stk splits? Is U crazy! GE ain't going to share.. With no stk splits.. GE figured out how to exploit it and take all the money..Now back to those tanker! Drys has well over a billion invested in them.. GE done bought 2 of them back..I figured out, his actual cost for those first 2, may have been about $60M? Now that rates for tankers have really soured? He is going to pay like $250M for the 4 most attractive ones.. And has till June. To decide if the other 6 are a good buy for him?? If rates for tankers crash? Then they and debt against them, still belong to Drys.. Now you wondering why ABN made this snake pledge $600M of Orig stk before they would lend him $200M?? But obviously ABN very smart.. Who the hell ever visualized 78M shrs of Orig, could not be worth $200M. When stk was selling at $13.50.. ABN did..They made GE personally garentee that loan.. Now. He has to figure out.. How can Drys pay off that loan? He is between a rock and hard place? I'll getl back with you! Canadian Mist is setting in!

  • jrmills0014 jrmills0014 Apr 16, 2015 12:46 PM Flag

    Now if you really want to feel stupid.. Watch. how he makes a big deal? Out of EBITDA, on every earnings report.. Basically telling you what earnings would have been.. If he won't taking all the money.. What the hell.. EBITDA, What does EBITDA mean to us? Sounds impressive to us idiots?? Then that snake, Maybe most important info he ever revieled.. Orig was looking good then.. He put in a one line statement.. In 2013 1st qtr earnings report.. Telling you Drys no longer owns Orig.. Seems I have been only one.. That realizes! Drys don't own Orig? Yet GE indicates they still do.. On Drys qtrly ER's? That makes him a lying no good for nothing SOB, as far as I am concerned.. For him to start channeling $15M per qtr to Drys.. Had to have Orig declare a dividend..(With that borrowed money of theirs).. Then, what the hell.. Orig was able to borrow another $475M..Before oil prices crashed! He lent $120M of that to Drys? At like 12% interest.. If there is any equity in Drys.. It's vanishing fast.. GE said thanks to the idiots that give him another $333M for that Drys stk.. In4th qtr 2014.. As time goes by.. Your pain will go away! Of course you may be eating beenie weenies, with the other fools that ever messed with GE!!! Where the hell is William Money, when you need him?

  • Drys should have been very profitable thru 2011.. And should have still owned all of Orig.. And those 6 rigs in 2012 should have been showing at least $400M in profits.. Yet they showed a lose? Let me give you a clue! Cardiff, GE private Co. handles every thing.. Out of revenues.. They take about $600M per yr. Charge it as Gen + Admin, expenses, depreciation + Amortization.. The bulkers you paid for, do depreciate.. Where does that tax free money go? They write off for depreciation.. Hell GE has borrowed another $6B, against your assets, to cover, what they report in loses... I hope a storm come up and sinks every one of GE's private Owned ships.. That he bought with your money.. His fleet is lot larger than Drys now.. Then, I Hope William Money, comes thru and burns his private island.. He bought, with your money.. And GE's, worlds largest art collection.. Is on island.. And William shots his dog and cat.. And then tells GE.. I am really here for you! For what you done to Drys stk holders... If you haven't ever seen the movie Unforgiven.. One of best movies, I ever saw! William Money, reminded me of myself a lot..

  • Reply to


    by sunandrise15 Apr 16, 2015 7:41 AM
    jrmills0014 jrmills0014 Apr 16, 2015 8:52 AM Flag

    With rates for Capes at $4,400. per day.. I would try to find something other than to tell people to look at.. You obviously don't Know how bad those rates really are.. Last couple of Capes, Drys leased were for like $20,000. per day..

  • jrmills0014 jrmills0014 Apr 15, 2015 4:29 PM Flag

    ""IF"" oil goes back to $80.-$90. per brl. Maybe Orig won't go BK? But I don't believe oil is going to see those levels again for yrs...If ever? In mean time.. I think oil is overpriced now.. And getting ready to take a nice drop? And I am saying that, when price of oil, is rallying off lows for yrs...Why do I believe that? Seems Iran thinks they are 800lb gorilla.. Now telling other Opec members.. Lets cut production to drive prices up.. I don't think none of those SOB's going to cut production?,As bad as they need money? In mean time// The real 800lb gorilla(Saudi) saying.. Regardless of what yall do.. Or what oil trades for..You tacky %^^& ain't going to steal our mkt shr.. We ain't going to cut our production, regardless of how low oil drops.. Have we seen low for oil?? I sure as hell don't know? Could it continue up? I sure as hell don't know..My conclusion: Oil will trade at $50. for a long time plus or minus $10. per brl? At $40. it's a buy.. At $60. it's a sell.. BTW: If you listen to me! I'me sitting on a wall, with other broke winoes..But on our worse day.. We are 10 times smarter than kemmy and crew...


  • jrmills0014 jrmills0014 Apr 15, 2015 2:50 PM Flag

    GE took all the air out of any possible rally.. When he sold an additional 250M shrs last qtr! Lot of difference in a Co. losing money.. And Outstanding shrs being 413M shrs..And loses going to get worse. And now outstanding shrs are like 670M shrs.. You tell me, what could make Drys to go up..If you think, oil going up a few dollars at these prices.. Really has any effect!! You are as crazy as a loon!

  • Reply to

    Could I lose my entire investment in DRYS?

    by eskine212 Mar 26, 2015 1:05 PM
    jrmills0014 jrmills0014 Apr 15, 2015 12:57 PM Flag

    Listen you little preak.. They come out with options in early 70's.. And if you think I am dumb enough to be playing this POS.. I ain't got one penny invested, now. Either way.. Just been watching since end of 2011.. As to how long it would take GE to take the billions he has made off Drys and send it into BK..It's very interesting..The billions GE has ""TOOK"" Make all bank robberies thru out history..Look like childs play! If a bank robber ever stole $1M.. That's big time news! GE is going to walk with like $4B.. When he sends Drys into BK. And nobody going to question.. Where that $4B went.. When Drys and Orig file for BK.. Due to fact rates for bulkers are so bad and oil prices have plunged... Believe this or not..In last couple of yrs? I'm wondering why GE was pulling out all the money? Instead of building a dynasty! Bird in the hand is worth more, than 2 in the bush! Truer words have never been spoken? Who could have ever visualized? Oil prices crashing as they have? In mean time GE is one rich SOB.. The billions you invested in the stk he was selling to you.. I think is worthless..


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