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flyfishing3

Fannie, Freddie Mac.

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I can't even begin to tell you how flawed your analysis is. But I will agree that Pelosi is the dumbest cunt on Earth and needs to fall into a wood-chipper.

Regardless of the catastrophic blood-bath on Wall St. today, the investing long and/or holding equities over night model is gone, and has been for the last 6 months. Your money is at risk if you are holding a position and walk away from a monitor showing a real-time tick-by-tick quote. Day-trading is the only way to make money in this environment. Buy purely on technical analysis that second. Wait for a small gain. Sell. Repeat. Need to take a piss? Close your positions and piss in comfort sitting on cash, knowing it wont be worth 5-10-15% less when you come back.

Compounding small gains daily is the only way to go.

Ok, explain to me oh-annointed one, my flawed analysis. Bad loans got approved and bought, folks defaulted and the paper was worthless. Jeez your arrogant, all the time. You should try some humility.

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Jeez your arrogant, all the time. You should try some humility.

Sean meet Joe-JOe meet Sean.

hahah. don't sweat it sean. this is just normal Joe stuff. everybody just ignores him. hahaha.

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J0E, did you pull out of WB before it crashed? and were you able to get in when it was @ $0.30.... another thing i wish had got in on lol... from $0.30 to $3 currently overnight.

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Sean meet Joe-JOe meet Sean.

hahah. don't sweat it sean. this is just normal Joe stuff. everybody just ignores him. hahaha.

HArHAr. I know Mike, I never try to take injurnet correspondence too seriously, tho I fail at that often :lol: . How about he gives a lesson so we can learn something instead of chastising folks so often? Seriously.

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J0E, did you pull out of WB before it crashed?

Yes...way before. My last trade was pre-market two Fridays ago when I bought it around $20 and sold it at $24.50 half an hour later. I was trying to find a good time to re-enter and didn't, thankfully.

My call on WB was way off and I would have never expected what happened over the last several days. I'll own up to that. It was to the surprise of myself as well as many others.

and were you able to get in when it was @ $0.30.... another thing i wish had got in on lol... from $0.30 to $3 currently overnight.

Woulda, coulda, shoulda...although looking back in hindsight gets you nowhere. I watched it fluctuate between $0.70 and $1 pre-market yesterday but I never pulled the trigger. Regardless, its price today means nothing to me since I don't hold financials overnight.

Part of me wants to say today's rally was more of a dead cat bounce than anything.

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OH SHIT, WB... THANK YOU. I'm out.

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Oooh, my wife used to work form them when they were First Union. She got offered a package to move to Charlotte, but we turned it down. Good thing.

Whats there gonna be, like 3 banks left? Then the anti-trust regulation should be flying soon. <_<

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Whats there gonna be, like 3 banks left? Then the anti-trust regulation should be flying soon. <_<

already heard the Ma bell references.

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J0E... so is Wells Fargo giving $7 a share for wachovia stock when the deal is done? or when wachovia is dissolved? or what?

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J0E... so is Wells Fargo giving $7 a share for wachovia stock when the deal is done? or when wachovia is dissolved? or what?

Nothing is for sure until next week, although there is a good chance of a bidding war for WB by C and WFC. I might throw some money at it Monday morning purely as a speculative play on that, but if Citi wins this battle for Wachovia and Wells is forced to end talks of the deal, the stock will crumble.

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how is this going to affect the WB stock? should we assume that C is going to make a better offer or what?

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"Citigroup has been fighting Wells Fargo's deal. But on Sunday night, a county court in North Carolina ruled against Citigroup Inc. in its battle for Wachovia. That decision arrived after the Appellate Division of the New York State Supreme Court dismissed an order issued late Saturday by Justice Charles Ramos at Citigroup's request that would have extended the time Citigroup had to complete its acquisition of Wachovia."

http://news.moneycentral.msn.com/provider/...&id=9231529

any thoughts on WAMUQ, J0E?

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any thoughts on WAMUQ, J0E?

Yeah. I'd rather put my money on a prop 2 or 12 bet on a craps table. At least I could be served drinks while I lose everything.

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