discussions
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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. tac wrote:
> OTS, sorry > tac wrote:
> > 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
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> > Search ResultsBack to Headlines
> > oceanartscas...@yahoo.com wrote:
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