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Pep Boys - Manny, Moe & Jack Message Board

patrick_91403 7 posts  |  Last Activity: Aug 25, 2015 7:50 PM Member since: Oct 25, 2001
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  • Reply to

    Thoughts

    by daninfw04 Aug 23, 2015 9:15 AM
    patrick_91403 patrick_91403 Aug 25, 2015 7:50 PM Flag

    Hi Dan!

    Yes I've been posting here for about 12 years that I can remember. I do think we are in for trouble. Have you read Harry Dent? To me he is the first person I've read in a LONG time that makes sense. He is an authority of Demographics. He has predicted the 08-09 recession and a lot more like the strong dollar. He says this time will make 08-09 look like a walk in the park. He is not a doom and gloom guy. China is in more trouble that we are. According to him we won't have a sustained bull market until at least 2020 and probably longer. There are plenty of short positions and etf/etn's that short the market but for me with Russia and China saber rattling the vxx seem a good place to be. I've only recently had this sentiment.

    Patrick

  • Reply to

    Thoughts

    by daninfw04 Aug 23, 2015 9:15 AM
    patrick_91403 patrick_91403 Aug 25, 2015 2:13 PM Flag

    The old cliche comes to mind. They threw the Baby out with the bath water. I'd agree with you if it weren't for so MANY negatives in the World today. It isn't just China. As you say PBY is a lot different today but so is the Market. If selling continues like it has it doesn't matter about fundamentals, everything sinks. Yes there are exceptions but they are very few. Things are a lot worse today than 08, 09. Nothing really has improved. Do you really believe the unemployment figures. If so you trust our government and believe the Democrats. Do you really believe the numbers coming out of China? Cheap fuel? Many Fracking companies have a cost much higher than the $39 oil we have today. If it continues there will be wholesale BKs in the oil patch. Some are predicting $20 oil and even lower. Who would have predicted $40 oil a year or two ago. Those that are in Gold are going to get crushed as well. As you know there are 2 sides to every coin.

  • Reply to

    NOBODY is buying out this Turkey

    by martha_on_the_ragg2 Jul 31, 2015 2:06 AM
    patrick_91403 patrick_91403 Aug 24, 2015 5:49 PM Flag

    Hay Murtha!

    I haven't been here in a while. Watt you tink about dis bear market dat is startin? I'z goin tu buy some mor vxx calls tomorrow. Auto parts is probably a saffer plac tu be dan most and PBY probably won't get hits as bad as some. I'm tryin to talks at's yur grade level so yuz understand.

    Su Amigo

    Patricio

  • Reply to

    Thoughts

    by daninfw04 Aug 23, 2015 9:15 AM
    patrick_91403 patrick_91403 Aug 24, 2015 5:35 PM Flag

    Haven't been here in a long time. I think it is way to early to jump in. So many troubled areas in our country and the World. Figures you mention don't mean a thing when there are so many things that are wrong in the world. Is this the perfect storm? If so it will crush even the best and PBY is a long way from being the best. I can remember PBY in the 2-3 dollar range not to many years ago. Will that happen again? If what I read is correct the answer is a HUGE YES!

    Hey Martha how is you doin?

    Patrick

    Sentiment: Strong Sell

  • Reply to

    wonderful buying opportunity

    by joe_mountain2003 Aug 21, 2015 1:36 PM
    patrick_91403 patrick_91403 Aug 24, 2015 5:21 PM Flag

    This is a long time coming. The world has a long way to unwind. You may sit on your ewz for more than you like. Some say this might last 5 years or longer. Are you prepared?

  • patrick_91403 by patrick_91403 Jun 17, 2015 5:44 PM Flag

    Our phone rings incessantly with text messages coming from FB users. Usually 25-40 a day. Can't turn off text messages on my phone. Went to FB to see if I could turn off texts coming in and went to settings and then notifications and edit. It did no good when I clicked it said "To get these notifications you need to activate text messaging. Heck I don't want to get messages I want to keep from getting them. On 2 occasions I typed in the problem to face book but have heard nothing. I went to cancel my account and after typing in my password it said please type in the numbers/letters in the text box. I tried this 3 different times and there was Never a text box. Seems FB doesn't want to lose any disgruntled users. Does anyone have similar experiences or knows how to help? Thanks!!!

  • Reply to

    newbie here...what does anyone think about

    by ebass100 May 25, 2015 1:25 PM
    patrick_91403 patrick_91403 Jun 6, 2015 5:41 PM Flag

    Read Harry Dent and see what you think. He is bullish on the dollar and short on Gold.

PBY
12.10+0.36(+3.07%)Aug 31 4:03 PMEDT