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Before I read your second sentence I heard an analyst on CNBC say 1929. I think your right...now it's hitting mainstream and so we might bottom (short term?)
Nice move! Also note, BSC won't report earnings tomorrow now. Not sure when
Nikkie down almost 500 points or 4%!
What do you think of AMP for a short? It's the only bank stock thats expensive then the others and has room to the downside.
LOL. Got my streamer opened right now, wshing the markets were opened. Maybe they'll close the markets like Nixon did? Somone did once in the past.
I'm looking for good put options for bank stocks.
Futures down over 2%. Could this be the "scare" we were waiting for? I don't think so. I think we keep going this time around. Scared sellers might not be the last thing..buyers won't be around this time. Cheap is now considered less than current values.
me you won't jump out of a window! I think they'll call this one "Depression X" how about "Quick Depression" cause it came so quick. lol
Asia markets down 3%.
True. You were one of the few I spoke to about all thia before it actually unfolded. I will never forget the Euphria feeling everyone had how great appreciation was and how low rates were.
Then looking at stocks continuing making new highs was insane.
Well, lets enjoy this point in time, stay safe, and try to see what's going to happen next.
Yeap... In fact I'm getting in the mood to just stop paying my mortgage and join the I dont care party. lol Whats the purpose? To wait 20 yrs to get a nice profit? lol
Wow.
I'm guessing Merryl. Lehman seems stronger to me. I knew an investment banker for them and he said they're ok.
$2 ?????????????????????????????????????
Speechless.
Fed cut discount rate before market opens. Speechless again.
Inflation data may say none but commodities need fixing. Obviously it will hurt consumers if they keep moving higher. The only way to fix it is to raise rates. Bernanke is like a dog in the sense he lives in the moment as opposed to planning the future. So I'm sure he'll cut then 50-100 pts.
12 mths ago I continued to say that rates need to be lowered right away and they weren't.(I can find posts) Now..
The right thing to do at this point in time is raise them.
People will say to me, don't you think higher interest rates will hurt the consumer further?
My answer: Nope. Banks already tightened up where not everyone can get a loan, so big deal if rates go higher.
plus mortgage rates are moving up anyway.
I see it hitting $800 if the fed doesn't cut rates or cuts them only 25 basis points. How low can the dollar go??
Best part about it is, a 5% stock move is sometimes a 50% option move. Definetly paper trade first and maybe check out some videos online about it.
Only difference I notice is that once the option is down over 50% it doesn't bounce back like a stock does because the value of the contracts are worthless as time goes on.
Every 3rd Friday they expire (for the month) so for instance:
If you're holding a March call option for XYZ strike price of $30 but the stock is $20. The stock has to go to $30 by Friday for the option to be worth anything.
?. You saying these mortgages disappeared and no longer exist? They only stopped handing them out 2 years ago. So the 3 yr arms that were handed out in 2005 will reset this year.
Adjustable Rate Mortgage Reset Chart:
We're not done with the bad news from banks yet. Buckle up.
Rates can go to 0, it won't matter! Bernanke is clueless.
Notice the numbers are in billions.
~ Spring, Summer, & Fall of 2008 will be the next wave of trouble.
~ Summer, Fall & Winter of 2009 is not good.
~ Most of 2010 is going to be a mess again especially Fall & Winter.
~ Also another mess Spring & Summer of 2011.
After 2011 looks like we enter safe mode because they stopped handing out adjustables couple years ago.
re: Mortgage Resets: I said this couple months ago. It's becoming apparent now. Spring 08' is here.
Bear Sterns liquidity disintrigated, JP Chase had to bail them out.
We're not done yet.
They can lower rates to 0 and it won't matter!! Bernanke is clueless.
re: Mortgage Resets: Posted this 3 months ago..it's becoming apparent now. Spring 08' is here.
Bear Sterns liquidity disintrigated, JP Chase had to bail them out.
We're not done yet.
They can lower rates to 0 and it won't matter!! Bernanke is clueless.
U know, I think we should make it a rule that you can't wag a second time for the same day. My original would have won. lol
Not yesterday but today. Bought the $40 puts BVD OH @ $9.50 sold at $11.30. Went to $13! 15 contracts I had.
Like check out BSC Bear Sterns. Stock is down 33% but the $35 Put option - BVD OG is up 950% !! Instead of shorting yesterday, you could have bought this option for $1000 and have $11,000 today!!
ba bye COCO. Oh well. lol
COCO One last time. Long tail yesterday. Bid above closing price this morning. Imagine it opens above the 50dma at $9? (Wishful thinking!)
Maybe yesterday was one last chance to flush out sellers being it went below the 52wk low intraday.
~~~~~~~COMPX 03/14/2008~~~~~~~
Previous Close 2263.61 19.74 +.88%
2311 FinancialAdvisor
2299 QT (is this cheating? lol)
2244 timhyma
2233 SSKILLZ1
Well gees, how many of us will change our wag now? We went from down 1/2% to up 1%. Wow.
Hang tight cause CPI coming out in 5 minutes. It can go either way.
Hey FYI, you should get into option trading. I know you like those big volume movers and stocks that are up or down 10-20% but if you trade the option, the profit is insane.
For instance: When HUM was down 25% the other day, The $50 put option was up 7200%. Thats right. 7200%
Your $2000 would have been $144,000!!! Instead of looking for that 5-10% gain with your money.
You should learn options since your successful with stocks.
~~~~~~~COMPX 03/14/2008~~~~~~~
Previous Close 2263.61 19.74 +.88%
2227 QT
~~~~~~~COMPX 03/13/2008~~~~~~~
Previous Close 2243.87 -11.89
2223 SSKILLZ1
2199 QT
~~~~~~~COMPX 03/12/2008~~~~~~~
Previous Close 2255.76 +86.42
2272 QT
2235 SSKILLZ1
2216 timhyma
Come on baby, give me a little COCO love. Not yet?? lol. I got 8 trading days left in it.
Just when I thought I ran out of COCO ..it comes back. lol
Plug Power Announces Fourth Quarter and Year-End Financial Results
Company Tops $16 Million for Revenue and Achieves Cash Burn Milestone
LATHAM, N.Y., March 11, 2008 (PRIME NEWSWIRE) -- Plug Power Inc.
(Nasdaq:PLUG), a leader in providing clean, reliable on-site energy solutions,
today provided a progress update and reported its financial results for the
fourth quarter and full-year 2007.
Revenue for the fourth quarter of 2007 and year ended December 31, 2007, was
$5.1 million and $16.3 million, respectively. This compares with revenue in the
same periods in 2006 of $1.0 million and $7.8 million.
Net loss for the fourth quarter of 2007 was $17.5 million, or $0.20 per share
on a basic and diluted basis, compared with $13.3 million, or $0.15 per share,
for the fourth quarter of 2006. For the full year, net loss was $60.6 million,
or $0.69 per share, compared with $50.3 million, or $0.58 per share, in 2006.
Plug Power Announces Fourth Quarter and Year-End Financial Results
Company Tops $16 Million for Revenue and Achieves Cash Burn Milestone
LATHAM, N.Y., March 11, 2008 (PRIME NEWSWIRE) -- Plug Power Inc.
(Nasdaq:PLUG), a leader in providing clean, reliable on-site energy solutions,
today provided a progress update and reported its financial results for the
fourth quarter and full-year 2007.
Revenue for the fourth quarter of 2007 and year ended December 31, 2007, was
$5.1 million and $16.3 million, respectively. This compares with revenue in the
same periods in 2006 of $1.0 million and $7.8 million.
Net loss for the fourth quarter of 2007 was $17.5 million, or $0.20 per share
on a basic and diluted basis, compared with $13.3 million, or $0.15 per share,
for the fourth quarter of 2006. For the full year, net loss was $60.6 million,
or $0.69 per share, compared with $50.3 million, or $0.58 per share, in 2006.
LOL! Another one today. Notice we're down 2%. The white ones are only less than 1% increases. Bad news for bulls for sure. Wow.
Nasdaq Closed 2169.34 who won? I'm off 8.34 timhyma off 8.66. I'm closer right? Good waggin tim. Wow.
I notice the red candles are bigger then the white ones. Obviously that means the days it closes down are much more then the days it closes up.
~~~~~~~COMPX 03/10/2008~~~~~~~
Previous Close 2212.49 -8.01
2197 SSKILLZ1
2178 timhyma
2161 QT
?? Umm, it's called shorting and buying put options.
I guess they did that in honor of the Great Depression. Maybe they should think about doing it again before we enter the Super Depression.
So we basically don't know how far down it went during the depression or other recessions. How can we compare a related number to back then?