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It is amazing to think that as the saying goes "the more things change the more they stay the same." Amazing what Barnum and Bailey said about a sucker being born every minute still holds true today. I must say though that I wanted to see how Wizetrade worked and got the software for my...

I think my post on my profitable strategy would be even longer if I didn't shut it down. Shows that many lazy wannabe's on this site. peace.

Blast, Like I said, you talk but don't back it up. I trade based on what the market is doing and invest in what I think is good value. Let me give you an example- I liked AMR back in 03 during that rough time for the airlines. I started buying it at 11, bought again at 9 and 8...

Oh no! The sky is falling! Give me a break. I hope you bozo's are shorting LEND, NFI, NEW, CFC, NDE, AHM, DRL, FBR.

To the a$$hole who was calling me a liar: I was at work when the EP incident happened. Perhaps I wasn't clear about exactly what happened- My pc was "ON" since 7:30 am when I got into work. My pc has a screensaver, so it 'shuts off' if no activity after a few minutes. I put my market...

I just wanted to share a couple things with the few folks on here who trash talked IB recently. I just switched to IB and am very impressed so far. Have not once had my connection lost or had bad fills. The one and only order that was missed was a stop loss order that got skipped as the...

for those that remember what I had posted before, today set a new record for me. here are the results: Ticker In (10am) MOC BOT 187.11 194.95 PBY 16.88 17.00 PHH 31.04 31.10 WGO 32.99...

TM, I sold off immediately when it got delisted. To me, that is game over. I was wrong on this one as I was on TWR too. TWRAQ now. Anyways, life goes on. Looks like LEND, NFI, IMH, and HMB will be just fine. DRL is a long shot but paying good odds if it recovers.

One analyst says to buy this just because it had fallen so much and thus is a good value? Yes, it is trading below its listed book value of $3.xx, but so what. IMH, NFI, LEND, and even NEW are trading below book value. What does that mean? I don't think that we have turned the corner...

You can still declare BK sponger. You can file either chapter 7 or 13 I believe. One is BK with repayment plan, the other is to protect your assets such as your house. You can protect up to $150,000 in equity of your house. You just need an appraisal to show you don't have more than $150k in...

Does this seem odd to you? I can short CFC and NDE, but cannot short AHM or LEND. LEND I guess I can understand because some brokers don't allow you to short stocks below $5, but AHM is over $20/share. Seems very odd to me that you cannot short AHM, especially since guys on here have...

the easist $4 you will ever make if you can find some shares to short!

I am an expert at whacking the haddock in the attic. Can you tell I am telling the truth?

excellent! I was wondering if there was much downside potential with CFC too. Hopefully I can find some shares to short tomorrow as well! good night guys. Amazing how stocks fall so much faster than they seem to rise isn;'t it?

That was actually a great post. It may not sound like much, but reading it, I can appreciate many of the rules first hand! I know that those rules came with much blood sweat and losses to finally come up with some solid ground rules!

Sounds like you'd say stick all my money into a company like CFC and screw the rest of them. Not entirely a bad idea except I like to gamble and get paid off long odds if I am right. I don't see the risk with CFC, but also don't see making 5-10x my investment with CFC. However, NEW and NFI...

Stop losses eh? I am investing in SVSPX. What should my stop loss be on it? By the way, its in my 401k, does that matter? Stop losses are not for every situation dude. Also, here is some food for thought: Unless you are a stock picking god, it is highly unlikely you will pick the...

I like the quote "Fake it till ya make it!"

I agree that the bottom is not here, but I cannot say where the absolute bottom is. Just as in 03, I am wading into the water right now with expectations to add on if and when the defaults hit the earnings reports in the next 1-2, or 3 quarters. It is interesting that it is almost 4 years to...

Yes Cal, You are correct. Things look very dire for the sub-prime mortgage lenders. This is eeerily familiar to how things were for the airline stocks in 03. Were you old enough to be trading then or was that about the time you were graduating high school? Anyways, good luck with...