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Makes me wonder what the bid ask spread is?

Good luck Neke!

Neke you're making a great come back. That loss in NFLX last week was tough, but that stock has been a widow maker for a while now especially this week with the add to the S&P 500 squeezing shorts. You've shown the ability to grind it out this year even when many, including myself, were...

You forgot to subtract your cost of rent and loss of interest tax deduction.

Well you hit the nail on the head there. Title companies are not writing title insurance on many foreclosures at the moment and without title, no one in their right mind will buy a foreclosure. Someone asked, "is what the banks are doing here right", referring to "robo-signing". IMHO no...

Glad to see you made some of it back Neke. I still don't see the value in repeating the same trading style/methodology, but everyone has to find their own way in this business. If you follow your usual pattern, you'll have several weeks of small winners now follow by another huge loss...

Dick Bove has played these banks like a violin. He called the bottom, he called the top. He is one of the few that have any credibility with his banking calls. How many of those yo-yo's on CNBC were pounding the table to buy JPM in the high forties or BAC at twenty? How many were saying...

Title will remain with the new owner and the bank will eat it. Theoretically, the old owner will have a claim, but the title will be with the new owner and the banks insurance will pay the claim. Keep in mind, they're not foreclosing if you're making your payments. Geez, they're hardly...

Not really, they're just running casino operations with tax preferred status. :D

Insanity; doing the same thing over and over again and expecting a different result. Well, sad to see that your winning streak ended with a massive (~10%) loss, giving up roughly all of your gains over the previous three weeks. :eek: You still have plenty of capital left. You really need...

GMAC is a bunch of scum balls anyway. I've done several short sales and REO with them. I wouldn't be shocked if they were not in compliance with state law.

Amazes me that people actually fell for that line of cr*p in the first place. Hope and change my A$$! :eek:

I always thought he was an A-hole. Kids should take him out now.

Yes the epitome of 50 years of affirmative action. Now just sell us on reparations and be done with it.

Better week, up 4K (1.8%). Finally had time to put on a number of discretionary trades in addition to the automated. Will keep trying to push on with the size limits in effect and see how that plays out by year-end. I knew it, two more positive weeks and you've got a trend. :)

True. I think you should go for 100k. Frequent positing miles anyone? :)

Eleven thousand post, are you kidding me? Whoa Didn't know there was that much to talk about. :)

Neke is getting ready to make a run. I can feel it! :cool:

Neke is his own man, which is why he'll be able to pull this out. Nice job Neke! :)

At what point does a system fail? Certainly there is a point where a trader must acknowledge that what he or she is doing is not working. With a nearly 50% (48%) draw down in eight months I would need a compelling reason to continue with the same method. Specifically, I don't think one exists...