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Why is this going in opposite direction. | |
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From: Mithun <shetty.mit...@gmail.com>
Date: Mon, 8 Sep 2008 07:00:22 -0700 (PDT)
Local: Mon, Sep 8 2008 10:00 am
Subject: Why is this going in opposite direction.
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From: schal...@gmail.com
Date: Mon, 8 Sep 2008 10:51:43 -0700 (PDT)
Local: Mon, Sep 8 2008 1:51 pm
Subject: Re: Why is this going in opposite direction.
They are only short 20k DSL shares on the SKF. The daily chart is the
inverse so there is pretty much no correlation to the price action. You must Sign in before you can post messages.
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From: tdambrosi...@gmail.com
Date: Tue, 9 Sep 2008 07:46:02 -0700 (PDT)
Local: Tues, Sep 9 2008 10:46 am
Subject: Re: Why is this going in opposite direction.
I haven't been following this stock, but listed under news in my
Scottrade account for DSL there is an article regarding 3 lawsuits against them. You must Sign in before you can post messages.
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From: oceanartscas...@yahoo.com
Date: Tue, 9 Sep 2008 10:35:22 -0700 (PDT)
Local: Tues, Sep 9 2008 1:35 pm
Subject: Re: Why is this going in opposite direction.
there is no lawsuit against DSL, Fannie & Freddie have shareholder
lawsuits that are in progress or have just been filed. FRE & FNM are way up today from yesterdays fall. You must Sign in before you can post messages.
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From: oceanartscas...@yahoo.com
Date: Tue, 9 Sep 2008 11:47:35 -0700 (PDT)
Local: Tues, Sep 9 2008 2:47 pm
Subject: Re: Why is this going in opposite direction.
I'm out. Bought at 2.29, sold at 1.92, loss but preserving cash until
market looks better, maybe by 2009. You must Sign in before you can post messages.
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From: tdambrosi...@gmail.com
Date: Tue, 9 Sep 2008 12:04:03 -0700 (PDT)
Local: Tues, Sep 9 2008 3:04 pm
Subject: Re: Why is this going in opposite direction.
No lawsuits? Then what is this?: I copied and pasted this from the
news listed for DSL at my Scottrade account. During the second quarter, the number of investor lawsuits tracked by
The report was based on 45 lawsuits and other legal actions covered by
Cases tied to individual bankruptcies and foreclosures are generally
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From: oceanartscas...@yahoo.com
Date: Tue, 9 Sep 2008 12:51:30 -0700 (PDT)
Local: Tues, Sep 9 2008 3:51 pm
Subject: Re: Why is this going in opposite direction.
I couldn't find anything about it on the web. MortgageDaily.com is a
paid site so I couldn't look there. My account would notify me if I held shares during any class action that was being filed. I really hoped to buy and hold for a fair gain but given the overwhelmingly bad outlook for the near term economy that has been reported over the last few days I sold. only had a few shares anyway. As an individual investor with less than the capitol requirements to daytrade it's hard to stay long in this market. I have hope, but very shallow pockets. I've made some good gains in the past, haven't had much to invest of late, and just can't risk for now. After the new year I expect things to pick up, maybe after the election. Staying on the sidelines til then, let the big players have the market all to themselves. You must Sign in before you can post messages.
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From: tac <taccons...@gmail.com>
Date: Tue, 9 Sep 2008 17:53:06 -0700 (PDT)
Local: Tues, Sep 9 2008 8:53 pm
Subject: Re: Why is this going in opposite direction.
I found the story too in Scottrade. Yes, its a paid site, but if you
searched Scottrade news you get a tad more of the story which I copied and pasted below. I am watching DSL, leaning towards going long ahead of the short squeeze. Any comments? Am I an idiot to do so with these lawsuits? They have 14 days from 9-5 to report back to OTC that they have raised minimum capital. Thats 9-19. What say you, anyone?? Investor Lawsuits Surge Against Lenders
Related Companies
As of 3:54 PM ET 9/9/08
During the second quarter, the number of investor lawsuits tracked by
The report was based on 45 lawsuits and other legal actions covered by
Cases tied to individual bankruptcies and foreclosures are generally
New actions on active mortgage-related cases tied to bankruptcy,
Among other significant case types were compliance, foreclosure
Category Q2 # of Cases Q1 # of Cases
Advertising 2 1
Read the full First Quarter 2008 Mortgage Litigation Report at:
About MortgageDaily.com
Founded in 1998, MortgageDaily.com is a dominant mortgage industry
About Weiner Brodsky Sidman Kider PC
Weiner Brodsky Sidman Kider PC has a nationwide residential mortgage
CONTACT:
SOURCE MortgageDaily.com
Search Stock News
Headlines
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From: tac <taccons...@gmail.com>
Date: Tue, 9 Sep 2008 17:57:39 -0700 (PDT)
Local: Tues, Sep 9 2008 8:57 pm
Subject: Re: Why is this going in opposite direction.
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From: oceanartscas...@yahoo.com
Date: Tue, 9 Sep 2008 19:26:01 -0700 (PDT)
Local: Tues, Sep 9 2008 10:26 pm
Subject: Re: Why is this going in opposite direction.
I don't know, If you have risk tolerance and know what your doing It's
up to you. I have never shorted a stock, it seems contrary to buy and sell later at a higher price. I like to buy value under $10 for the leverage it gives and hold for at least one year for the better cap gains rate. The trouble is I don't have level II instant info, no close broker friends, just me and the internet, I don't even have a TV, yet I pay for cable every month. I am very frugle, I eat only frozen dinners in the microwave. My house that my mom owned was stolen from me back in 2000, after she got ill suddenly and passed away, I learned then just how cruel the world really was when you have nothing. I then entered into physical labor, painting houses, in newly developed gated communities that had previously been wetlands and wildlife preserves, working for the very rich at a low wage long hours. I knew there was a better way and saved enough to open an account, first few trades were good buys, but I didn't have the nerve or stamina to hold and traded down getting eaten by commisions. I took more time reading all about markets, saved what I could, even forgoing the dentist for a while. I never applied for any public assistance, my family would be embarrased from their graves, I worked, I made a gamble on a small part time business, that has been ok, but down this summer because of high fuel costs cut into my customers spending. I kept inventory low, unplugged any lights or electrical not needed, saved as much as I could, still some costs increased. I managed to add some again to my account, was up a few days and very optimistic, since I have realized nearly 200% gains on some of my positions a couple years ago, until Katrina, and sold, at least I wasn't dead like a lot of poor souls, news then was bubonic plaque from bodies floating, kinda shut stocks down for the most part. And just today I saw too much bad news all at once and remember last summers end, stocks fall before the new year, offset selling or whatever, this year looks a lot worse. So many sell down, I don't want to do that, I'll wait and buy low when it looks like a good time. My income is stalled for about a month or two as I transition to winters season work so just can't afford the risk. One day I hope to buy my own house, It's ironic that my house was taken illegally and nothing was done in courts over 6 years waiting (florida where they lost voting records) to save it even with leas pendens, and then I had to work, doing good work that I was proud of making homes look beautiful for others, suddenly everyone was a painter, people with no experience, doing crappy work, licsensed or not, whole teams of immigrants suddenly on job sites, Discover had a show, flip this house, it seemed like everyone speculated nationwide flipping houses to bring us here to an economic crisis. I didn't, I didn't have the money, so I thought, i never tried to get a loan, didn't know how easy it was apparently. But I'm not a quitter, and I will have a home of my own one day, I just can't be sure how long it will take. I don't like debt. I don't have any, I pay my bills as they come as soon as possible and wanted to make enough in the market to buy with cash, then just have the taxes every year, no payments, but first need to grow my account, not the right time now. too much bad news in the market. If everyone was just honest we wouldn't be in this mess, I've seen a lot in my lifetime, enough to know what's right, and shorting some poor stock into the ground because it's easier than finding a good company to buy is what the bulk of the market seems to be doing, it's all ok by the media guys, they tell people how to do it for cripes, but It's killing this nations economy, among other things. The playing field is not safe for anyone anymore, even the big banks and brokers are viciously lashing at each other, it's ridiculus. But I still for some stupid reason have a patriotic nerve resounding deep within that tells me I can somehow live the American dream and make it. It's just harder and harder since the game changes faster and faster, enough to make your head spin, too erratic and risky it looks to me for now. especially with no family, just on my own, I hate bothering friends for a place to live, spare room or couch, they all have kids and dogs that would ravish my tax records I have been saving for when I walk into the bank and ask for a loan. Good luck though. Don't spend it all at once. ... You must Sign in before you can post messages.
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From: oceanartscas...@yahoo.com
Date: Tue, 9 Sep 2008 20:10:38 -0700 (PDT)
Local: Tues, Sep 9 2008 11:10 pm
Subject: Re: Why is this going in opposite direction.
Funny, I bought the stock in the midst of a crisis, I had a severe
toothache that prevented me from working, It happened on a thursday, I couldn't get an appoinment until Tuesday, and was given the option of having the tooth pulled for $183 or a root canal $1000 + crown $1500, I freaked, of course I got it pulled, was a molar in back nobody would see, but still felt I wanted to somehow preserve this part of my physical being, had been studying markets all summer, and preparing to invest again, made a very quick decision while in a lot of pain, FMD on an up day, I was fooled, thought it was going somewhere, was just a short squeeze, but the stock hung in there and looked promising. I lost the tooth, had to pay an extra $83 for seditive that was not told til I was sitting in the chair about to watch and feel the bloody tooth yanked from my jaw. Pain got better, still sore, but relief, able to work again, seasons over almost but hey my stock is doing good right, bought DSL, it looked ok too, then all these posters, no profile just little snips, I could sense it, the shorts were feeling the market, I never give any thought to these things anyway, but with more news and the stock not looking so good in the sector realized I was in massive bear territory. Only a damn fool would have held. I wouldn't have bought if not in a panic and trying to instantly raise the $2500 to save my tooth. lesson learned, never again. wait for the right time when all looks positive for at least 3 to 6 months ahead. I feel really stupid but then others I'm sure smarter than me lost a bundle on FRE/FNM so I can't complain. You must Sign in before you can post messages.
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From: tac <taccons...@gmail.com>
Date: Wed, 10 Sep 2008 12:47:44 -0700 (PDT)
Local: Wed, Sep 10 2008 3:47 pm
Subject: Re: Why is this going in opposite direction.
hey ocean, you sound like you might be from my area. Pretty
depressing economically here. I'm not shorting DSL. I am anticpating the shorts getting sqeezed and
I'm no shortie, just a newbie trying to put food on my table too. You must Sign in before you can post messages.
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From: oceanartscas...@yahoo.com
Date: Wed, 10 Sep 2008 14:58:41 -0700 (PDT)
Local: Wed, Sep 10 2008 5:58 pm
Subject: Re: Why is this going in opposite direction.
I read that indonesia is growing at 20% and saudi arabi at 45%, but
yeah mostly everywhere in the US it's tough now. I thought DSL had a shot at coming back, but the Freddie/ Fannie deal seemed to jinx the whole market, at least until everyone get's a firm grast on how it will turn out, we hear it's good, but the market hasn't reacted as if it was, Warren Buffet said it was the right thing to do, ass kissing, then he's freakin about his wealth being insured all of a sudden. I think what people say and what they are actually doing is some indication. My worry is that the national debt has now been increased and will keep investors away until they feel confident. I lost some money and am not willing to risk anymore until I know things are improving for the better, houses need to start selling, period, excess inventory means they have to come down in price, interest rates really aren't as important as the selling price of the home I think. That's my opinion, and I for sure don't have a complete picture, but just watch what big money does to get some idea. You must Sign in before you can post messages.
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From: oceanartscas...@yahoo.com
Date: Wed, 10 Sep 2008 15:36:08 -0700 (PDT)
Local: Wed, Sep 10 2008 6:36 pm
Subject: Re: Why is this going in opposite direction.
It's really a tough one, the reality of housing now, mostly Florida &
California where to many new homes were built, I saw reports of vandals going in and ripping out all the copper to sell, that costs the builder money to fix, also says something about a some of our fair citizen's lack of intelligence and honesty, but then a lot of the shirts and suits aren't much better even if they don't smell as bad after a hard days work, so prices just have to come down or costs to hold property keep going up, both to those invested and taxpayers as police have to spend extra time patrolling unattended homes. A home has to be lived in to build a community, that's where the whole thing went wrong, people used to buy land and then build their own house, maybe later adding on, but all of a sudden we have whole developments of cookie cutter housing with no charm or sense of personality, then the homeowner association fees, etc. No rusty cars in the driveway, etc. helped sell new cars, but then oil, and on and on. It just has to come back to reality. Homes need regular maintenance or they degrade in value, I think the first sign of a turn around will be when we see costs of maintenance vs. lowering the selling price become more logical. banks sure need the cash, and cash flow is better than stalling and stagnation economically. the Fed has some power to give better rates, but they are already low, not as low as they have been almost a decade ago, but very close. Tax incentives to buyers, sellers, banks, builders, everyone concerned might help, I don't think inflation is a big concern, this thing is like inertia or momentum, it's in motion and it has to be brought back soon, inflation is the least of our worries, houses NEED TO SELL TO HOMEOWNERS THAT ACTUALLY LIVE IN THEM, not speculators. Just my humble and possibly antiquated opinion. I saw an interesting bumper sticker earlier this year, it read: Leaving Florida? Take a developer with you. As to your idea of catching a short squeeze, I would be hesitant myself to do anything, just too unpredictable right now. All in good time things will sort themselves out and investment will again be a safe bet, just not right now I feel, to many unresolved issues overall, but that's the nature of bubbles and herd market mentality. If the broader markets would be a bit more diverse, say than all rushing into housing, then oil, gold etc. and focus on maybe what they like, or enjoy, and do a really great job at it, like America used to do how nice it would be. Trouble is everyone is just trying to survive, and can't be blamed for joining the herd, except when big money is involved, it has shown since at least Enron, it does not know when to quit, whole rooms full of experts all in tight alignment focused on a goal of increasing wealth, well that's just stupid, what were they thinking??? You must Sign in before you can post messages.
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From: oceanartscas...@yahoo.com
Date: Wed, 10 Sep 2008 18:03:50 -0700 (PDT)
Local: Wed, Sep 10 2008 9:03 pm
Subject: Re: Why is this going in opposite direction.
Off topic maybe but golly gosh worth a look, Some people just have all
the fun. http://biz.yahoo.com/ap/080910/interior_oil_trysts.html?.v=2
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From: oceanartscas...@yahoo.com
Date: Wed, 10 Sep 2008 18:27:12 -0700 (PDT)
Local: Wed, Sep 10 2008 9:27 pm
Subject: Re: Why is this going in opposite direction.
Shortselling can be very expensive to companies it turns out. I have
never shorted, naked or otherwise, sold at a loss a few times but hey everybodie makes mistakes. I think the SEC lifted the ban on shortsellers, not exactly sure why,
http://www.pr-inside.com/deutsche-bank-paying-575-000-fine-r799286.htm
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From: oceanartscas...@yahoo.com
Date: Wed, 10 Sep 2008 19:30:44 -0700 (PDT)
Local: Wed, Sep 10 2008 10:30 pm
Subject: Re: Why is this going in opposite direction.
I just learned the rules were more flexible than I had previously
understood them. I was always under the impression that to avoid becoming a "pattern daytrader" and subsequently then being required to deposit $25,000 that I still don't have as a minimum balance, that "overnight" trades are allowed infinately, also I had been under the impression that any "similar" stock traded (ie: any stock) traded more than 4 times inside of 5 days was what to avoid, and I remember my broker telling me this and reading it, so I thought, but as it appears now different stocks traded (ie: non matching ticker symbols) would not be considered daytrading. The same stocks (ie: matching symbols) can be traded once per day and it is an allowable overnight trade. I had been warned by my broker in the past of "straddling" when buying a new stock after selling a previous before funds had settled, but I don't see anything about this other than a straddle being defined as an options trading strategy. I don't trade options because the contracts are too expensive for me and I don't have a complete knowledge of the time decay attributes to feel confident but did notice there is no "daytrading" restriction on options or forex. maybe why commodities have been so popular of late. I also read that the SEC is planning a new shortselling restriction on stocks so expect that soon. the markets now make a little more sense as to why they seem so unbalanced and excessively volatile the last few years. I personally would like to see shortsellers become more restricted and the daytrading rule relaxed to a lower minimum balance so I can play against the biggies, but as it stands I am severly limited, especially when you consider the research capabilities of highly efficient brokerages with rooms full of computers all working on various parts of the market, it's like they took everyones money and now can't sell it back because no one has any and they are all dumping in panic the wealth they duped us out of, Enron, Vitol, um, what say eh? http://www.pr-inside.com/deutsche-bank-paying-575-000-fine-r799286.htm
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