Stop Sending Those “Don’t Buy Gas” Emails

Stop Sending Those “Don’t Buy Gas” Emails

The first (and most obvious) reason is you are simply delaying the purchase of the gasoline you need; we’re not actually decreasing the demand for gas (which might bring the prices down), we’re just shifting the demand to another day in the very near future.

I have forwarded similar emails in the past; it just makes sense that the big fuel companies would notice if everyone stopped buying gas on one day. In fact, they probably won't. They KNOW we're gonna need their product again very soon. Until America decreases its reliance on foreign fossil fuels we'll always be essentially at the mercy of big oil. I don't see myself changing my driving habits any time soon, do you?





Technorati Tags: fuel prices, gas, email, forwards, glurge

Rats from a sinking ship -- but why did they get on?

Delta Air plans for stock to trade on NYSE in May | Transportation | Reuters

Existing shares of Delta will be wiped out when the company emerges from Chapter 11. Delta has said it expects to have a market value of $10 billion.

I've done some profoundly stupid things in my life... The most recent didn't involve a woman.

My father was sitting in my office the other day using a spare computer to check his email (he's not yet a gmail devotee' -- he's still on Yahoo, blech) and watching the market. Dad commented that Delta's stock was doing pretty well and was cheap that day... Yeah, it's DALRQ; the "Q" stands for Bankruptcy.

So, after watching the thing trade for a few minutes I absently hit the "buy" button and became the proud owner of 500 shares of this venerable air carrier. I bought at, I think, $.81... I got out at $.71, yesterday, and it's trading right now at $.52 with the bottom continuing to fall out

Now, my question is why in the world is anyone even still trading this thing? I know that there are a few idiots like me who didn't fully research the thing before doing a "Quick Buy", but that can't be all of it. It's destined to crash and burn, horribly, before May 1. At this late date, with its funeral already planned and the mourners having their suits pressed, why is anyone BUYING this thing?


Technorati Tags: delta airlines, stupid, stocks, finance, pink sheets