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yup...weeeeee...bought at .50 & now at 2.10
Morning HoPers
Bought some Oct. X 90 PUTS yesterday
Morning all....let make some green today
good job...i didn't bank anything on them...wish I did though
Morning Pain...I might need to be here for a couple days with fins doing good
Morning HoP's
GS has $7-8 gap up
Agree with ya on tough month. I guess I will lose some money this month with me having PUTS
Ya I was up late...wasn't tired and just looking over stuff trying to figured what I might want to play next week or watch.
Silver State Bank in Nevada is shut
Friday September 5, 11:35 pm ET
By Marcy Gordon, AP Business Writer
Regulators shut failed Silver State Bank in Nevada; 11th bank failure this year
WASHINGTON (AP) -- Regulators on Friday shut down Silver State Bank, saying the Nevada bank failed because of losses on soured loans, mainly in commercial real estate and land development.
It was the 11th failure this year of a federally insured bank.
Nevada regulators closed Silver State and the Federal Deposit Insurance Corp. was appointed receiver of the bank, based in Henderson, Nev. It had $2 billion in assets and $1.7 billion in deposits as of June 30.
Andrew K. McCain, a son of Republican presidential nominee John McCain, sat on the boards of Silver State Bank and of its parent, Silver State Bancorp, since February but resigned in July after five months citing "personal reasons," corporate filings with the Securities and Exchange Commission show. Andrew McCain also was a member of the bank's audit committee, responsible for oversight of the company's accounting.
The younger McCain, who is the chief financial officer of Hensley & Co., the beer distributorship of which Cindy McCain is chairwoman, is the Arizona senator's adopted son from his first marriage.
Andrew McCain's position on the Silver State board and departure were first reported Friday by The Wall Street Journal online.
Silver State Bank ran into difficulty because of a substantial amount of "poor-quality loans primarily related to real estate development" in southern Nevada and other distressed markets, FDIC spokesman David Barr said.
"When the housing market slowed down, people who bought raw land to build new homes didn't need that land so they couldn't do anything with it and repay their loans. So those loans went bad," Barr said.
Construction and development loans have been the fastest-growing category of troubled loans for U.S. banks, and many banks have heavy concentrations of them in their lending portfolios, according to the FDIC. Some small banks are considered especially vulnerable. Delinquent loan payments and defaults by commercial and residential developers have surged to the highest levels since the early 1990s -- the latter part of the savings and loan crisis.
The FDIC said Silver State Bank's insured deposits will be assumed by Nevada State Bank of Las Vegas. Its branches will reopen Monday as offices of Nevada State Bank in Nevada and National Bank of Arizona in Arizona.
The agency said depositors of Silver State Bank will continue to have full access to their deposits.
The 11 failures so far this year compare with three for all of 2007, and federal banking officials have said that more banks are in danger of collapse.
Silver State Bank has operated 13 branches in Nevada and four in Arizona as well as loan offices in Nevada, Utah, Colorado, Washington, Oregon, California and Florida.
The FDIC estimated its resolution will cost the deposit insurance fund between $450 million and $550 million.
Regular deposit accounts are insured up to $100,000.
There were about $20 million in uninsured deposits held in roughly 500 accounts at Silver State that potentially exceeded the insurance limit, the FDIC said.
Concern has been growing over the solvency of some banks amid the housing slump and the steep slide in the mortgage market. The pressures of tighter credit, tumbling home prices and rising foreclosures have been battering many banks, large and small, across the nation.
The largest bank failure by far this year has been that of savings and loan IndyMac Bank, which was seized by regulators on July 11 with about $32 billion in assets and deposits of $19 billion.
The seizure of Pasadena, Calif.-based IndyMac, which was the largest regulated thrift to fail in the United States, prompted hundreds of angry customers to line up for hours in Southern California to demand their money. IndyMac also was the second-largest financial institution to close in U.S. history, after Continental Illinois National Bank in 1984.
The FDIC has been operating the bank, now called IndyMac Federal Bank, under a conservatorship.
The FDIC plans to raise insurance premiums paid by banks and thrifts to replenish its reserve fund after paying out billions of dollars to depositors at IndyMac. The fund, currently at $45 billion, is expected to take a hit from IndyMac of $4 billion to $8 billion.
Federal officials expect turbulence in the banking industry to continue well into next year, and more banks to appear on the FDIC's internal list of troubled institutions.
Of the 8,500 or so FDIC-insured banks in the country, 117 were considered to be in trouble in the second quarter -- the highest level in about five years and up from 90 in the first quarter. The agency doesn't disclose the banks' names.
Only 13 percent of banks that make the list fail, on average, and most are nursed back to health or acquired by stronger institutions, according to the FDIC.
Federally insured banks and thrifts set aside a record $50.2 billion to cover losses from soured mortgages and other loans in the April-June quarter, when profits plunged 86 percent from a year earlier.
Silver State Bank customers with accounts exceeding $100,000 can contact the FDIC at 1-800-523-8177 to set up an appointment to discuss their deposits.
Associated Press writer Brendan Riley in Carson City, Nev., contributed to this report.
(CORRECTS to 13 branches in Nevada instead 12, four in Arizona.)
Another bank on Friday. Didn't one get shut down last friday or 2 fridays ago
Silver State Bank in Nevada is shut
Friday September 5, 11:35 pm ET
By Marcy Gordon, AP Business Writer
Regulators shut failed Silver State Bank in Nevada; 11th bank failure this year
WASHINGTON (AP) -- Regulators on Friday shut down Silver State Bank, saying the Nevada bank failed because of losses on soured loans, mainly in commercial real estate and land development.
It was the 11th failure this year of a federally insured bank.
Nevada regulators closed Silver State and the Federal Deposit Insurance Corp. was appointed receiver of the bank, based in Henderson, Nev. It had $2 billion in assets and $1.7 billion in deposits as of June 30.
Andrew K. McCain, a son of Republican presidential nominee John McCain, sat on the boards of Silver State Bank and of its parent, Silver State Bancorp, since February but resigned in July after five months citing "personal reasons," corporate filings with the Securities and Exchange Commission show. Andrew McCain also was a member of the bank's audit committee, responsible for oversight of the company's accounting.
The younger McCain, who is the chief financial officer of Hensley & Co., the beer distributorship of which Cindy McCain is chairwoman, is the Arizona senator's adopted son from his first marriage.
Andrew McCain's position on the Silver State board and departure were first reported Friday by The Wall Street Journal online.
Silver State Bank ran into difficulty because of a substantial amount of "poor-quality loans primarily related to real estate development" in southern Nevada and other distressed markets, FDIC spokesman David Barr said.
"When the housing market slowed down, people who bought raw land to build new homes didn't need that land so they couldn't do anything with it and repay their loans. So those loans went bad," Barr said.
Construction and development loans have been the fastest-growing category of troubled loans for U.S. banks, and many banks have heavy concentrations of them in their lending portfolios, according to the FDIC. Some small banks are considered especially vulnerable. Delinquent loan payments and defaults by commercial and residential developers have surged to the highest levels since the early 1990s -- the latter part of the savings and loan crisis.
The FDIC said Silver State Bank's insured deposits will be assumed by Nevada State Bank of Las Vegas. Its branches will reopen Monday as offices of Nevada State Bank in Nevada and National Bank of Arizona in Arizona.
The agency said depositors of Silver State Bank will continue to have full access to their deposits.
The 11 failures so far this year compare with three for all of 2007, and federal banking officials have said that more banks are in danger of collapse.
Silver State Bank has operated 13 branches in Nevada and four in Arizona as well as loan offices in Nevada, Utah, Colorado, Washington, Oregon, California and Florida.
The FDIC estimated its resolution will cost the deposit insurance fund between $450 million and $550 million.
Regular deposit accounts are insured up to $100,000.
There were about $20 million in uninsured deposits held in roughly 500 accounts at Silver State that potentially exceeded the insurance limit, the FDIC said.
Concern has been growing over the solvency of some banks amid the housing slump and the steep slide in the mortgage market. The pressures of tighter credit, tumbling home prices and rising foreclosures have been battering many banks, large and small, across the nation.
The largest bank failure by far this year has been that of savings and loan IndyMac Bank, which was seized by regulators on July 11 with about $32 billion in assets and deposits of $19 billion.
The seizure of Pasadena, Calif.-based IndyMac, which was the largest regulated thrift to fail in the United States, prompted hundreds of angry customers to line up for hours in Southern California to demand their money. IndyMac also was the second-largest financial institution to close in U.S. history, after Continental Illinois National Bank in 1984.
The FDIC has been operating the bank, now called IndyMac Federal Bank, under a conservatorship.
The FDIC plans to raise insurance premiums paid by banks and thrifts to replenish its reserve fund after paying out billions of dollars to depositors at IndyMac. The fund, currently at $45 billion, is expected to take a hit from IndyMac of $4 billion to $8 billion.
Federal officials expect turbulence in the banking industry to continue well into next year, and more banks to appear on the FDIC's internal list of troubled institutions.
Of the 8,500 or so FDIC-insured banks in the country, 117 were considered to be in trouble in the second quarter -- the highest level in about five years and up from 90 in the first quarter. The agency doesn't disclose the banks' names.
Only 13 percent of banks that make the list fail, on average, and most are nursed back to health or acquired by stronger institutions, according to the FDIC.
Federally insured banks and thrifts set aside a record $50.2 billion to cover losses from soured mortgages and other loans in the April-June quarter, when profits plunged 86 percent from a year earlier.
Silver State Bank customers with accounts exceeding $100,000 can contact the FDIC at 1-800-523-8177 to set up an appointment to discuss their deposits.
Associated Press writer Brendan Riley in Carson City, Nev., contributed to this report.
(CORRECTS to 13 branches in Nevada instead 12, four in Arizona.)
Silver State Bank in Nevada is shut
Friday September 5, 11:35 pm ET
By Marcy Gordon, AP Business Writer
Regulators shut failed Silver State Bank in Nevada; 11th bank failure this year
WASHINGTON (AP) -- Regulators on Friday shut down Silver State Bank, saying the Nevada bank failed because of losses on soured loans, mainly in commercial real estate and land development.
It was the 11th failure this year of a federally insured bank.
Nevada regulators closed Silver State and the Federal Deposit Insurance Corp. was appointed receiver of the bank, based in Henderson, Nev. It had $2 billion in assets and $1.7 billion in deposits as of June 30.
Andrew K. McCain, a son of Republican presidential nominee John McCain, sat on the boards of Silver State Bank and of its parent, Silver State Bancorp, since February but resigned in July after five months citing "personal reasons," corporate filings with the Securities and Exchange Commission show. Andrew McCain also was a member of the bank's audit committee, responsible for oversight of the company's accounting.
The younger McCain, who is the chief financial officer of Hensley & Co., the beer distributorship of which Cindy McCain is chairwoman, is the Arizona senator's adopted son from his first marriage.
Andrew McCain's position on the Silver State board and departure were first reported Friday by The Wall Street Journal online.
Silver State Bank ran into difficulty because of a substantial amount of "poor-quality loans primarily related to real estate development" in southern Nevada and other distressed markets, FDIC spokesman David Barr said.
"When the housing market slowed down, people who bought raw land to build new homes didn't need that land so they couldn't do anything with it and repay their loans. So those loans went bad," Barr said.
Construction and development loans have been the fastest-growing category of troubled loans for U.S. banks, and many banks have heavy concentrations of them in their lending portfolios, according to the FDIC. Some small banks are considered especially vulnerable. Delinquent loan payments and defaults by commercial and residential developers have surged to the highest levels since the early 1990s -- the latter part of the savings and loan crisis.
The FDIC said Silver State Bank's insured deposits will be assumed by Nevada State Bank of Las Vegas. Its branches will reopen Monday as offices of Nevada State Bank in Nevada and National Bank of Arizona in Arizona.
The agency said depositors of Silver State Bank will continue to have full access to their deposits.
The 11 failures so far this year compare with three for all of 2007, and federal banking officials have said that more banks are in danger of collapse.
Silver State Bank has operated 13 branches in Nevada and four in Arizona as well as loan offices in Nevada, Utah, Colorado, Washington, Oregon, California and Florida.
The FDIC estimated its resolution will cost the deposit insurance fund between $450 million and $550 million.
Regular deposit accounts are insured up to $100,000.
There were about $20 million in uninsured deposits held in roughly 500 accounts at Silver State that potentially exceeded the insurance limit, the FDIC said.
Concern has been growing over the solvency of some banks amid the housing slump and the steep slide in the mortgage market. The pressures of tighter credit, tumbling home prices and rising foreclosures have been battering many banks, large and small, across the nation.
The largest bank failure by far this year has been that of savings and loan IndyMac Bank, which was seized by regulators on July 11 with about $32 billion in assets and deposits of $19 billion.
The seizure of Pasadena, Calif.-based IndyMac, which was the largest regulated thrift to fail in the United States, prompted hundreds of angry customers to line up for hours in Southern California to demand their money. IndyMac also was the second-largest financial institution to close in U.S. history, after Continental Illinois National Bank in 1984.
The FDIC has been operating the bank, now called IndyMac Federal Bank, under a conservatorship.
The FDIC plans to raise insurance premiums paid by banks and thrifts to replenish its reserve fund after paying out billions of dollars to depositors at IndyMac. The fund, currently at $45 billion, is expected to take a hit from IndyMac of $4 billion to $8 billion.
Federal officials expect turbulence in the banking industry to continue well into next year, and more banks to appear on the FDIC's internal list of troubled institutions.
Of the 8,500 or so FDIC-insured banks in the country, 117 were considered to be in trouble in the second quarter -- the highest level in about five years and up from 90 in the first quarter. The agency doesn't disclose the banks' names.
Only 13 percent of banks that make the list fail, on average, and most are nursed back to health or acquired by stronger institutions, according to the FDIC.
Federally insured banks and thrifts set aside a record $50.2 billion to cover losses from soured mortgages and other loans in the April-June quarter, when profits plunged 86 percent from a year earlier.
Silver State Bank customers with accounts exceeding $100,000 can contact the FDIC at 1-800-523-8177 to set up an appointment to discuss their deposits.
Associated Press writer Brendan Riley in Carson City, Nev., contributed to this report.
(CORRECTS to 13 branches in Nevada instead 12, four in Arizona.)
thanks...I know my brother said to short steel in 3rd & 4th quarters because business is slowing....He works in the metal business and sees it has slowed and seen it for awhile.
Whats opinions on X PUTS. I think it will keep going lower and go to 100-105 atleast
7 Month weekly chart
>
Ah ok...thanks
Only thing with GOOG is its price is 6-7 times more.
Make me sound dumb but why next week for fins to maybe pre warn?
Ya I see that...I like it..might play some options on it.
seems good... I think it might still fall down to 45-48 range. if it down bounce off this
Mixed on this....looking at earning and everything looks good for a bounce but big downtrend so might go lower. See a 8-K on 3rd. Dont see a PR about them reafirming sales & earnings
Item 7.01. Regulation FD Disclosure.
Members of the management team of Central European Distribution Corporation (the “Company”) are scheduled to participate in an investor conference call on September 3, 2008 at 11:00 a.m., Eastern Time. During the investor call, the Company expects to reaffirm its net sales and earnings per share guidance as well as discuss current operations of the business. This guidance is consistent with that issued in the Company’s earnings press release for the period ended June 30, 2008 and furnished as an exhibit to a Current Report on Form 8-K, dated August 4, 2008.
As long as GS keeps going down now I will be happy.
whats wrong with red days as long as your short or PUTS on them?
Ya...I hope for 20%+ profit
Bought some today also...hope its not a long dragged out pinch
Morning Tina & HoPers
Morning Monster & all
Thought on GS
here ya go jimmy...NEXM You playing it or heard of it? Just ran across it and might be a good gamble or bounce play...not options though
Here ya Tina & group. I just ran across this on Dr Penny's forum and might be a good bounce play NEXM
FSLR is getting murdered again today. Whats thought on some calls or still got more to go down?
Right now its at 1.75 x 1.85/1.90... You should be able to sell at 1.80 I think. Also might go up some more tomm. but I would be taking the profit today if possible
Dont have nothing right now...Had JMBA and sold the other day finally...Most options I have are killing me. Wish I bought ETFC but with Fins being crap I figured it will go lower sometime. Looking at Rev, BBI, & RAD or just been watching them.
I think it is good news but the RS.
Morning Tina & HoP's
What plays going on this week or watching?
Morning HoPers
Think GS has more to run or will fall again next week?
Sold for 1.32
JMBA making move today...weeeeee...finally bounced some.