Dow Jones trend

[Denny]

That is like me reading the Koran and swearing off religion though. You are faulting the system for your inability to pick a good company and buy it at the right price. I'm virtually certain that 200 years from now Johnson & Johnson, General Electric and Coke will be alive and well. Will Netflix or Facebook be around? Don't make me laugh...

Negative. I pulled out and was OK, hell I even made me some AIG profit right when it did its big split. I guess it is more shell-shock from watching it all. I never held positions in the companies listed above.

[mikec]

That one yep! Hell did you see the other one? Another 36% today!! $8 to $46 in 4 months, jesus christ. It"s a fucking rocketship.

Holy shit but that would have been nice!

[jasone]

Loaded question. What do you mean by "good"? You want to buy it? sell it? hold it for a week? a month? forever? There isn't really an easy way to answer that.

they offer it at work. they match 50 cents to the dollar for it.

[mikec]

they offer it at work. they match 50 cents to the dollar for it.

So now answer his question.

[talisman]

is textron a good stock?

My dad walked away from Bell after 20 years with half a million in stock from the purchase program. It did pretty well from 80-2000.

[Broncojohnny]

they offer it at work. they match 50 cents to the dollar for it.

So you get the stock for 66% of face value. With that kind of discount it might make a decent company a good company. But I know little about them so I can't say yes or no. I typically look at a company's financials going back 15-20 years to determine if it is a turd or not. I don't have easy access to their financials.

[Broncojohnny]

Negative. I pulled out and was OK, hell I even made me some AIG profit right when it did its big split. I guess it is more shell-shock from watching it all. I never held positions in the companies listed above.

Everyone was shell shocked there for about a year. That is when you take action and buy the good companies that aren't going anywhere but get punished when the sheep run for the exits.

[jasone]

My dad walked away from Bell after 20 years with half a million in stock from the purchase program. It did pretty well from 80-2000.

yeah my dad has been there about 25 years and I think it took a big hit a couple years ago. He told me he lost like 80 grand like it was nothing. I about had a heart attack and it wasn't even my money.

[talisman]

yeah my dad has been there about 25 years and I think it took a big hit a couple years ago. He told me he lost like 80 grand like it was nothing. I about had a heart attack and it wasn't even my money.

Same thing happened in the late 90s; my dad lost a similar amount. I tracked Textron as part of a class project in high school and it did very well. I haven't looked at it in years though.

[347Mike]

The hit you are referring to was in 2007 and was a result of a 2:1 split. The stock was levelling itself out, not sure how he lost all that money unless he bought in after the split. Weird.

[Broncojohnny]

yeah my dad has been there about 25 years and I think it took a big hit a couple years ago. He told me he lost like 80 grand like it was nothing. I about had a heart attack and it wasn't even my money.

I would classify the plunge from $65 down to $6 to be a pretty big hit back in 2008. But then again, that is why you don't put a lot of your money in your company's stock.

[Denny]

Seeing that one isn't supposed to sit on cash, I wonder what Bill Gross is going to do with $54.5 billion since he dumped his treasury holdings. ZERO government-related holding... LMFAO!!!

http://www.zerohedge.com/article/exclusive-bill-gross-dumps-all-treasuries-brings-total-government-related-holdings-zero-flee

[Broncojohnny]

Seeing that one isn't supposed to sit on cash, I wonder what Bill Gross is going to do with $54.5 billion since he dumped his treasury holdings. ZERO government-related holding... LMFAO!!!

http://www.zerohedge.com/article/exc...ings-zero-flee

PIMCO has a lot of funds, this is only one of them. I wonder if this zerohedge site will show anything after the QE3 issue is resolved and he gets back in?

[slow99]

The hit you are referring to was in 2007 and was a result of a 2:1 split. The stock was levelling itself out, not sure how he lost all that money unless he bought in after the split. Weird.

Are you talking about TXT?