I'm also hoping it goes but still want to buy in on the lows like most people i assume.Quote:
Originally Posted by Lithium24
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I'm also hoping it goes but still want to buy in on the lows like most people i assume.Quote:
Originally Posted by Lithium24
Me too, I do not trade the stock at this point, just waiting for a dip to add.
Quote:
Originally Posted by Keiser34
Hi, Todays day trades for me are HAYZ and CNR. Bought HAYZ a bit too soon but hit CNR at right time. Target for CNR is .101 Target for HAYZ is .28
I really like TDA "motion detector"
and that they charge a flat 9.99 without that extra "per share" or "large order" charges ING robs you with.
Only minus is having to wait 3 days for sales before you can use money again
Though we still lead the league in shorts, good to see a chunk of them going away.
COMPANY MARCH 13 FEB 27 NET CHANGE PCT CHANGE
-----------------------------------------------------------------------------
FIVE BIGGEST INCREASES:
Microsoft Corp (MSFT.O) 101,353,574 87,013,470 14,340,104 16.5
Dell Inc (DELL.O) 44,490,067 31,697,021 12,793,046 40.4
Applied Materials (AMAT.O) 50,578,707 38,104,198 12,474,509 32.7
Cisco Systems (CSCO.O) 68,721,739 56,530,581 12,191,158 21.6
The DIRECTV Group (DTV.O) 30,803,332 22,141,332 8,662,000 39.1
FIVE BIGGEST DECREASES:
Sirius XM Radio (SIRI.O) 161,851,340 170,953,171 -9,101,831 -5.3American Capital (ACAS.O) 28,408,343 35,598,504 -7,190,161 -20.2
Huntington (HBAN.O) 44,474,228 50,387,202 -5,912,974 -11.7
Sun Microsystems (JAVA.O) 38,197,279 43,897,876 -5,700,597 -13.0
The Wet Seal (WTSLA.O) 7,096,637 11,779,621 -4,682,984 -39.8
FIVE BIGGEST POSITIONS:
Sirius XM Radio (SIRI.O) 161,851,340 170,953,171 -9,101,831 -5.3
Level 3 Comm (LVLT.O) 143,078,217 142,304,490 773,727 0.5
Microsoft Corp (MSFT.O) 101,353,574 87,013,470 14,340,104 16.5
Intel Corp (INTC.O) 98,819,666 93,832,785 4,986,881 5.3
E*TRADE Financial (ETFC.O) 72,711,601 73,758,916 -1,047,315 -1.4
http://www.reuters.com/article/marke...0090324?rpc=44
But that is the problem. It's all about moving a line up and down the FICO scale. Back in the day of EZ money, the line moved down the scale where even marginal borrowers with scores below 600 were getting reasonable or semi-reasonable interest rates. That brought huge numbers of buyers into the market. This is the same as what happened with housing. Once credit freeze happened (because of high defaults on mortgages as the ARMs adjusted upward), less money was available, and bank appetite for risk waned. This moved the line up the FICO scale, so now the marginal guys were facing double digit interest rates, squeezing them out of the market because they can't afford the high payments and high downpayments required by the banks. Fewer buyers, fewer cars sold. Detroit screwed.Quote:
Originally Posted by choirgirl
This will start to reverse itself, to a point. Won't see EZ money for a while, perhaps a decade or more. But, economy can still grow and boom can and will happen again.
There are a lot of issues and the Banks hoarding is one of them. A guy on Bloomberg the other day said that 98% of loans on the books are current. So how many loans are actually toxic? Will relaxation of Mark-to-Market regs ease the situation? Are banks hoarding cash in case they need to make large markdowns?Quote:
Originally Posted by underway
Is this the same scenario as with the S&C crisis where the lending rules swung hard the other way for a few years? A caller on a sirius show claimed to have a credit score of 804 and BMW turned him down for a loan and required a minimum of 810. This may be B/S but depending on the bank, may be true. I don't know because I haven't borrowed money since 1987 and have no need to now. I own my house and pay cash for cars. I could afford bigger and better but it feels good to be debt-free.
Quote:
Originally Posted by bananaz
Awesome! That's a good spot to be in! Put 5 kids thru college...so....not debt free yet....but working on it....perhaps in 3 years. A nice SIRI grand slam would sure help that project!
IMO...todays PPS is a real teaser...looks like sideways with maybe a .005 gain today and close at .3650 unless something shakes it out this afternoon and we close at my prediction .37...better a penny a day up than down.
The guy was a complete IDIOT. I was the one that had to educate him, and on a toyota, they only had XM available, but since I already have Sirius, I am going to see if I still get the discount for an additional account.Quote:
Originally Posted by SiriusHope
Bananas.................... come on man.............. where is that.... I WANT, I AM ENTITLED, THE RICH ARE KEEPING ME DOWN MENTALITy that most American's have come to love and embrace. You're just not fittin in !!!!!!!!!!!! ...killer.
Thats typical of most salepersons in auto and retail...Mel needs to get a special crew out to them with SIMPLE educational material.Quote:
Originally Posted by Jocunddus
I have been saying this for a LONG time. I don't know if you know this or not guys, but from what I have been researching, THE BANKS ARE STILL MAKING MONEY!! It is all media spin. Remember how the media was saying that in Q3, Sirius lost 5.3 billion or what ever the number was? That figure was all hype. It is NUMBERS. In cash flow, Sirius had positive cash flow, and only lost like 300 million, but their VALUATION of XM had to be written down, which is nothing but a number that means absolutely nothing.Quote:
Originally Posted by bananaz
The banks are doing the same thing. They are writing down the VALUE of the loans outstanding, but that does not mean that any of those loans have lost money or defaulted. It just means that they are readjusting the VALUE of those loans (or the property/security behind the loans to be more specific).
Underway made an excellent point. The problem isn't you, it is the people with marginal scores, which wern't considered marginal two years ago but are now..Quote:
Originally Posted by Jocunddus
Same here. Even our rentals are paid, I was born and raised the very conservative way only to buy what you can afford, never took a loan, I even pay the credit card bill in full every month. Only problem, without a credit history in this country, you are considered a weirdo, not creditworthy at all.
Quote:
Originally Posted by bananaz
Right, securities have to be on the books at the price you could sell them for today - but nobody's buying so their book value is almost nothing. Most of them will still pay off in the long term. Only whole loans that haven't been broken up and resold can valued according to actual performance.Quote:
Originally Posted by Newman
Hi, Since I have never borrowed any money or used a credit card I am considered a credit risk.
If I want something I save money till I can buy it. I pay my bills rather then buy things.
I find it very interesting choir girl that you are so conservative about loans and paying bills on time yet you are one of the most heavily invested into a VERY risky stock like SIRI... very fascinating how you reconcile your admirable conservative financial day to day with your very risky stock market plays... i mean i hope we all win out in the long term but it's a huge risk to trade siri short termQuote:
Originally Posted by choirgirl
I am new to the board but have been reading the threads for a few months and never registered. I really appreciate all the knowledge i've obtained from watching day to day, the board is a true asset to me. I'm a n00b investor and bought my first share of stock July 1st, 2008, it just so happened to be SIRI (157 shares at $1.9), i bought again 460 shares at $1.63 later in the month, lol.......rode it down to the bottom then bought 3000 at .1488 earlier this month.....
My brokerage account was with USAA and i was unaware that the fees for purchasing increase .01 per share over 1000 shares so it is pretty pointless to make any purchases i plan on selling on the short term, especially large quantities with that account, i opened a zecco account which is only $4.50 a trade and have been buying there since, but i still have the 3000 shares in the other brokerage as well as some other stocks that i have gotten beaten up on.....i recently sold the first lot of SIRI i bought and now showing a $907 loss, do you think it would be beneficial to transfer the account ($75 fee) or just sell off the shares and transfer the proceeds to the other account, cutting my loss down a bit for tax reporting, and just rebuy what i want to keep a position in
my position in siri now is 3829 shares at .19......so i am technically still in the red, but the green is more psychologically soothing on my portfolio tracking lol
I hate to say it guys and gals, but were boing boing bouncing of .37 like we did .40 and .38, im no expert but that doesn't sound good, unless your planning to buy low soon....again im no expert. Maybe someone here can explain
hi im pretty much some1 who had no credit but in august i was able to get financed through gmac, but i did put 6000 down :O