J0E

I'm an Independent Business Owner with Amway Global.

There are a lot of us here getting hit for 1/3. Its just how much do we dodge to avoid paying for poorly conceptualized programs. Should I end up paying more I assure you I will end up paying less. I already have money off shores and several companies under my name. IMHO, and I share this boat with a lot of my friends, we will not pay anymore taxes to fund the lazy and un employed. Lazy and un employed are not the same thing. You are laid off it happens. Take your hand out and pull yourself up. But when something like 60% off people collecting have been un employed 1 year or longer thats BS. Go work at Taco Bell. Its better than nothing. I am sick or america and its entitlement issues. The upper class have the same problems but we can affords our own stuff. I am sick of hearing people bitch they cannot have a PS3, bigscreen tv, european vacation, Patek, whatever. Work for it!

I can not think of anything better than...

I have not read a better post on this forum to date.

money clearly is power in this country world

Fixed.

better throw in an unemployment tax! 40% of 0 is 0 so I say tax them 40% of what they should be making if they weren't being lazy and unemployed.

Word.

To add, eliminate government funding and handouts from cities with the highest unemployment, crime, Jheri Curl sales, and overall poverty. If DeShawn or LeShantae are no longer collecting welfare checks, they'll be looking for a job the next day. While we're at it, let's help out some local business owners in the area by tripling the rates and fees on pay-day loans and cashed checks.

Complacency has never motivated anyone.

I love these threads!

Here is a thought...tax everyone who makes under $200k at a flat rate of 40%. Make more than $200k, and you don't pay a dime in income taxes. What better incentive to succeed than that? :)

:lol:

Excellent post, Chuck!

A cut in production is absolutely necessary. Not doing so is completely irresponsible.

Fuck yourself JOE. I hope your shit falls apart and you have drive a Dodge dart. You are a pretentious ass. I've been pissed by others on this board, and been able to reconcile their positions, but you are the only dick I want to slap the shit out of. Fuck off.

Ever work a day in your life, or are you an OC brat that whines because your beemer is white instead of black? Say something smart you little prick. You never contribute a damn thing to advance this community, provide help to others, or sound advice. I've known a couple little cunts like you, they end up dying alone with their trust finds.

I didn't want you getting bailed out all. Now the cockers are gonna throw more money at the problem . Good luck with the Govt as your banker.

I want to beat you up, real bad you fucking smelly ass hole.

:lol:

they're not cutting us a deal, OPEC's global demand forecast was slashed due to the economic problems here and in other places in the world that have been affected by us.

No no no...you have it all wrong. Unfortunately, you are the product of the the Republican brain-wash machine.

Every morning when George Bush wakes up, he decides what the price of crude oil and gasoline will be. If he's feeling nice, he keeps prices the same. If he wants to go shopping that day, he'll raise the prices to put some extra money in his pocket.

Guess that bailout really worked, huh? DJ down 700ish today. Send 'em some more of our money

Yeah...damnit. The label on the packaging said it was supposed take effect within 24-48 hours and the entire crisis was to be solved in less than a week. I guess it didn't work.

Idiot.

The automotive aftermarket is strong enough to find ways around any electronic nanny. With more and more basic functions being computer-controlled, it doesn't even take a h4xor of 1337 status to figure everything out.

I'm not worried.

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.

...but if Citi wins this battle for Wachovia and Wells is forced to end talks of the deal, the stock will crumble.

And it appears so:

http://www.forbes.com/feeds/ap/2008/10/05/ap5509671.html

Looks like C will be the first stock I'll buy Monday morning. Should be good for an easy 15% intra-day.

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.

Now our gov is trying to get congress to give this goverment sponsored, government controlled company 700 billion dollars to buy america's "tainted assets"...

doesn't that scare any of you? or am I reading too much into this?

The only thing that scares me are the people like you who know absolutely nothing about this plan and what it will do calling your local representatives and voicing your opinion on why it should not pass.

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.

I'm glad it did not go. The folks said no and they listened for once. 51% of investors hated this.

You got no business taking a loan on speculation, thats what happened. "I'll get this shaky loan, and when my house goes up exponentially in price, I'll refi and be all set". Oops. Greedy cockers okayed these loans on the same premise. Just because you can do something doesnt mean you should. Why should I pay for bad judgement? And greed?

Let 'em fry Mikey, let 'em fry. I got no job, and no money in the market to speak of, make the pigs pay. I almost get the Bolsheviks now.

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.

This isn't a personal attack, but isn't this the reason that all this happened in the first place?

Massive speculation, day trading, short selling, mortgage securities ... this is all gambling ... not investing.

No and no.

"This all happened" because of one reason: People did not pay their mortgages which they agreed to. It's as simple as that. Yes, there were significant underlying factors which had a severe domino effect on everything else, but simply put…bills not being paid were the root of it. If mortgages were paid every month and foreclosure rates remained at normal levels, this mess would not exist.

Speculation, day-trading, and short-selling have existed since the inception of the stock market. I would even say that the latter two are necessary for a free-market to function properly.

so whats up with wachovia j0e? how do they fit into this whole bailout thing?

I can say with confidence that WB will have a solid run up once this bill passes (and it will). Their mortgage-exposure is quite a bit higher than most other names in the sector and they have been beat down hard since I sold it at $24 last week, so I expect it to be one of the first names off to the races. We can easily see $20 by next Friday, and that's being conservative. Tomorrow, however, will be a rough day for financials, so I'll be looking at entry-points for FRE, WB, BAC, and even WM as purely a speculative play. We could see a 50-60% pop in WM intra-day with a massive short-covering.

As of this second, I'm sitting on 100% cash as I would recommend anyone to do before the market's closed if you enjoy sleep. :)

lesons in investments by Joe

/takes notes

Hey, now...I never claimed to be a preffesional. I just properly place my bets.

Case and point: today. I thought we were bound to see a solid rally. Didn't happen. You can't be on the right side of the trade every time.

Watch for the pop in financials tomorrow. Buffet sneezed and spew $5B onto Goldman about an hour ago. Loaded up on GS ($126.50), MS ($29), and WB ($15.12) after-hours, stopping out at $115, $27, and $14.75 respectively.

Looking for another 20% collectively again before the close.

I just filed chapter 11 because I bought a chicken sandwich and starbucks coffee just now at the rate of $4.93

The chicken terragon sandwiches at Starbucks? Those are good!

j0e give me a loan

Hmm...I dunno if I could, but I have an uncle. His name is Sam. Last I heard, he's giving money away left and right. :)

J0E are you part of the...

I can only wish. :)

then have that much money to put into "risk"

I wouldn’t even consider those trades risky in light of the news that was coming out yesterday afternoon. Besides, my risk tolerance on the money I play with day-to-day is very high. The real money is managed by professionals and in property.

The risk was when I had short positions on these stocks last week, not knowing when financials were going to pop on anything better than disastrous news.

so you said you spent $618,515 in the last 24 hours?

Spent? Since when was the purchase of a security considered an expenditure? :huh: