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Yes and we are trading above the 250EMA as well
Where does everyone see ASPS going in the near future? Right now, it seams like a good swing trade. I do see a gap that does need to be filled. This week should be interesting for ASPS.
Volume of 100 k in first half hour. Volume before price? In for the long haul, but ASPS is looking like the comeback has started.
Nice volume premarket and now nice volume at open. Are we going to see 100,000 volume in the first half hour? Looks real good to hit in the first hour!
Me too man. Did a ton of business with these guys back in day as REO Broker in TX. At this time in market this is a good one to have at these prices over next 5 years imo
I do know it's a long hold. Iv have faith in the company. I started buying @12 and kept buying. 6s were a great pickup point. Just happy to see it move.
I do know we have to wait, quarter by quarter, to see the results. Iv banked big on ASPS. Looking forward to watching the upward progression.
See it. But this, this is a long hold here imo
Thank you, I was watching all the YouTube in it last night. Did you see the premarket on ASPS this morning? It may become an interesting Friday for the stock.
BREAKING: U.S. Supreme Court ends Biden's eviction moratorium
— Lawrence Hurley (@lawrencehurley) August 27, 2021
Nice 20,000 share bid @ 8.36. Wonder if it's real? If it is, someone is very interested in ASPS. Also, we will not see any sells below that today!
ASPS
Could they be trying to push ASPS over the 200 day moving average today? Maybe a bounce to tap it? Plenty of time left today!
Good buying today. I know the volume is low, but 3 to 1 buys. Someone bought a big chunk @ 9.10 4400 shares.
Nice day in the neighborhood. Let's see if it can at least tap that 200 sma.
Agreed. I’m just grabbing dips for now. Not even paying much attention to it. I see this as longer term hedge to some other trades
I'm stuffed and in waiting mode. Nice 3 share buy in pre trading, put us up .52.
Not expecting ASPS to go anywhere till that's ban is lifted. If it's stay in place, I was going to play the ups and downs and make a few bucks.
Saw something today from Fed member saying he wanted to see the bam overturned... I think it’s shot down.
Oh and I hope not, lol still adding on bid side
Think we will see another up day tomorrow? Locked and loaded and waiting for the CDC to be overturned. Have you heard anything about that yet?
Agreed.... adding long dated calls here on dips.
I have been hearing this memorandum should be dismissed in about two weeks.
I don’t see this CDC bs sticking man...
Good afternoon —
On Wednesday I wrote about the CDC’s ban on evictions and asked for your feedback. Most of the responses said that this latest move by the CDC was unconstitutional, unfair to landlords or unlikely to help renters.
A chief lending officer of a Florida credit union wrote: “Sure seems like property rights and contracts have lost their hold on our way of life if the CDC can govern over them…I appreciate the CDC’s motivation; however, they lack the authority to void contracts and property rights.”
I had a lot of questions about the eviction ban and turned to Troy Freedman, managing foreclosure attorney at Richard M. Squire & Associates outside of Philadelphia, to get some answers.
One of the first things I wanted to know was whether the eviction ban has any teeth. Penalties for breaking the ban go as high as $250,000 and a year in jail for individuals, and up to $500,000 for a company, if an eviction led to the death of a tenant.
“I have concerns whether that was an inappropriate scare tactic by the CDC,” Freedman said. In any case, proving that an eviction caused a person’s death might be hard to do, Freedman said, since there are so many variables involved in a person’s health that might not have anything to do with where they live.
Another question: Who will enforce the ban? It’s not clear, although since it’s a federal order, Freedman said the U.S. Attorney’s office could have jurisdiction. Whether they would decide to enforce the eviction ban is still an open question.
And of course the whole issue might be moot if the ban is found unconstitutional, which is likely given the Supreme Court’s decision in June on the CDC’s previous eviction moratorium. On Wednesday night, landlord groups filed a petition in federal court asking it to immediately lift the new ban. President Biden himself acknowledged that only Congress could actually issue an eviction moratorium — just days before announcing the CDC’s newest eviction ban.
“I have real problems with the CDC telling the Supreme Court ‘We don’t care what you said, we’re going to do it anyway,” Freedman said. “It suggests to people that they can go ahead and violate court orders — it’s almost an anarchist act by the CDC.”
The CDC has to file their response to the petition today, but Freedman predicts that whether they answer or not, “I believe this moratorium is going to be short-lived.”
Unfortunately, in the meantime there are real consequences for landlords, some of whom are facing foreclosure on their properties, Freedman said. The government has provided help to landlords through the American Rescue Act, but not all landlords are aware of that help. In addition, Freedman said some state financial agencies were requiring landlords to go to their servicers and seek loan mods before they can access that help. If that request is denied, that could cost landlords months of time before they can pay their mortgage.
It’s a messy situation all around.
John M from Chicago summed it up in his note to me: “As a landlord, I’m devastated by this decision…We all wanted to help when this first started, it was tough, but morally right to help. But now the only thing we’re doing is subsidizing the government’s plan.”
Until Monday —
Sarah Wheeler
HousingWire Editor in Chief
Before October? Not a bad call. I'll be right there with you.
Picked up more 1/21/22 $12.50C yesterday may just keep loading them at support until it breaks wedge. I think we will be in $30+ range before Oct
Regardless I’m still going to be picking up Lows Just may change my approach a little with how I scale into this
Everything I’ve read so far still declares it unconstitutional but I’m sure the markets going to react before may have to re-enter this one but the time is closer
Go figure, the Dems couldn't take care of the forbearance or eviction, so they take off(Break), and ask the CDC to extend it again. They know full well that the last CDC order was unconstitutional. Let's just kick the can down the road and make an even bigger mess.
Thanks, ill watch that.
Watch your 4H cycle here, we were over bought yesterday. Unless they figure out a way to extend forbearance, I’m buying bottom Stos on 4H every dip here until we see direction. Still has some pullback left
Think this is the dip or a little farther down?
That has been my guess too. How many of the people in forbearance no longer have a job to pay even a modified loan? House prices go down, how many people will be under water? We will probably see a 3 to 4 year wedge up. My only scare is right now is more short sales to foreclosures. As long as the foreclosures start, ASPS should start making some nice profits.
Yeah, I mean it’s been in like a 6 year falling wedge pattern and I think we see services start pushing now to start foreclosing. (Been in default real estate for 20 years) and ive actually worked with this company back 2010-2012 time frame I want to say they had a large Fannie Mae Acct back then. I just don’t see how they can keep holding off foreclosures
Finally someone here. You think ASPS has potential?
Been a nice few days of trading. Anyone think or know of any news that slipped out?
Thank you,
Found that on a YouTube video last night, about 14 hours after I posted that. It was kind of strange. ASPS going up that much and no info why.
Thanks again.
Judge rules that eviction moratorium must end.
But, this could be appealed.
National renter eviction moratorium illegal, federal judge rules
https://www.bankrate.com/real-estate/court-rules-cdc-eviction-moratorium-must-end/
Any idea why the move to over 7.00 today? Looking for information, but not seeing anything yet.
News: $ASPS Owners.com Reveals the Best and Worst Markets in 2018 for Home Buyers
ATLANTA, Jan. 22, 2019 (GLOBE NEWSWIRE) -- Owners.com , a technology driven real estate brokerage, today released its 2018 Market Recap data study revealing the top 10 buyer metropolitan statistical areas (MSAs) and overheated MSAs. Virginia Beach, VA, Hartford, CT and Philadelphia, PA c...
Find out more https://marketwirenews.com/news-releases/owners-com-reveals-the-best-and-worst-markets-in-2018-for-home-buyers-7421356.html
News: $ASPS Owners.com Unveils Top Markets for Home Sellers in 2018
ATLANTA, Jan. 22, 2019 (GLOBE NEWSWIRE) -- Owners.com , a technology driven real estate brokerage, today released the 2018 Market Recap data study revealing the top 10 metropolitan statistical areas (MSAs) where homes were sold for close to the listing price and for significantly more mo...
In case you are interested https://marketwirenews.com/news-releases/owners-com-unveils-top-markets-for-home-sellers-in-2018-7421362.html
News: $ASPS Altisource Releases Report on the State of the Originations Industry
LUXEMBOURG, Jan. 22, 2019 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A . (“Altisource” or the “Company”) (NASDAQ: ASPS), a leading provider of real estate, mortgage and technology services, today released its 2018 report, “ The State of the...
In case you are interested https://marketwirenews.com/news-releases/altisource-releases-report-on-the-state-of-the-originations-industry-7420132.html
Why the drop??
nice bounce to $33s!
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