News Corp (Fox, Murdoch) at multi-year lows
Submitted by Hard Work on Wed, 07/02/2008 - 10:57
In the "At least there is always some good news" department, Murdoch's News Corp has recently tumbled a further 25% and is now resting at multi-year lows.
Check out the two year chart for a nice chuckle:
http://www.marketwatch.com/tools/quotes/intchart.asp?symb=NW...
I made a bit of money buying a put option on NWS after they blacked out Paul from the roundtable during the race.
I hope this company blows up.
»
I like this!
However, I would be careful about this. In a vague sense of things, as people lose there jobs, they will be home more and able to watch more television. At least for as long as they can still afford cable. There is still a large quantity of the American population who are not internet savvy. therefore, Parents will have a higher tendancy to cut internet expense and either downgrade to dial-up or cut it completely- leaving the opportunity for a generation of children to grow up without free information at their beck and call.
In a very long position, I would not be surprised if everyone is given free basic cable after a prolonged period regarding the analog/digital switch. Perhaps there may even be a sort of 'bidding' process for subsidies to give away free media products. This may be illegal but.. since when has that stopped anything.. I would bet a dollar that FAUX would be in line for this kind of setup.
DISCLAIMER: THIS IS PURE SPECULATION AND NOT TO BE USED AS SOUND LOGICAL INVESTING ADVICE. I AM NOT A PROFESSIONAL TRADER NOR DO I HOLD ANY LICENSE/CERTIFICATION THAT CAN ATTEST THAT I KNOW WHAT THE HELL I AM TALKING ABOUT.
Now that I have disputed my own credibilty, I think that one of the posters was asking what are some places online that "I" can go to online and buy stock? E-Trade etc... Any ideas would be helpful. I am not necessarily asking advice on which website is the 'best' or offers the best deals, or are even the most credible... Just which ones are in the 'circle' of investors who sit at home and watch the markets and play with their numbers all day long?
So FOX's stock is finally
So FOX's stock is finally moving parallel with their falling integrity? (if it can in fact fall any further) It's about time!
I have zero respect for FOX or for Murdoch, a completely amoral, cynical, parasitic power-whore with no redeeming qualities whatsoever. FOX, as a "fair and balanced", news outlet, has been nothing but a total farce from the very beginning ---- nothing but blind and uncritical cheerleaders for the Bush regime and their neocon bedfellows. I will not soil my brain by watching even two seconds of any of their so-called "news".
This news pretty much made
This news pretty much made my day. I was a long time viewer of Fox News, for around 8 years I watched their news channel daily and often had it on even while working.
I thought they were the best, but then years later I found out that they were simply part of the propaganda machine. Liars and cheats.
I haven't watched a moment of Fox News since mid January of this year. I stopped cold turkey, not long after they ostracized RP from the debates. What made it even worse was the next debate where RP justly earned an ovation from the crowd -- Fox CUT OUT that part of the debate when they replayed it later that night.
News Corp is simply getting what they deserve. I hope they sink to the bottom where they belong.
...
Selling puts
I've been thinking of selling puts for about a month now (up to now I have been buying silver) since I believe we are in free fall. As a matter of fact I got laid off on monday with no warning as did 25% of my software development company.
Question: What company would be best for online trading?
I was also looking at RF as a good put option along with any auto industry and airline stocks. I was also thinking of possibly buying some oil futures but have no idea of what that entails.
FYI
To play the short side of the market, you would BUY puts.
Buying a put option is a bet that the specific security in question will go down.
If you SELL a put, it means you think the security in question will not decline and you will keep the premium.
In relation to which specific companies to bet against, I pretty much refrain from giving that type of advice online. Trading options is definitely not for the faint of heart and takes quite a bit of insight, practice and willingness/ability to sustain legit losses on risk capital. That being said, if you hit the nail on the head, you can make big gains quick.
It is speculation, so the risk/reward paradigm is elevated.
_________________________________
My liberty-minded home base of thought:
www.ponderthis.net
_________________________________
Freedom - Peace - Prosperity
You are correct.
I meant to say "buy puts". I told my son i'm going to gamble with a couple of 100 bucks of play money I had set aside to see how it goes.....my 401k is been losing a whole bunch so it doesn't seem like such a bad gamble to buy puts.....
This chart
makes me smile.
Dr. Paul cured my apathy
Ron Paul was right
They judged their consumers wrongly
Munich, Germany here. Hallo Koeln. :-)
In many ways I cannot blame the FNC managers for misjudging us consumers. So many of us hated Clinton so much that we talked up how he "slept with an intern" as if that was the main reason to hate a left winger.
In reality, most Republican men would have slept with a good looking aggressive intern themselves at least if they were not married.
Fox News mistakenly thought we were all feminist eunuchs...so they decided to launch a few stories every day about some sex crime a horrible white male perpetrated today.
They were hoping that we would be unable to wait to go home and turn on Fox to see the latest about how horrible people like us are.
Instead males and women who like males started drifting away and executive males stopped advertising.
Yes, they underestimated the consumers
BTW You know there is a Ron Paul Rallye in Munich on the 12th of July?
http://bavaria-for-ron-paul.blogspot.com/search/label/Munich...
I will be there and a couple of other RP-supporters from Germany and other European countries too.
Dr. Paul cured my apathy
Ron Paul was right