J0E Posted September 18, 2008 Report Share Posted September 18, 2008 I loaded up heavily on on financials this afternoon (WB, WFC, and USB) all with a very tight SL in hopes of a nice artificial pop tomorrow. Looking for at least 20-25% by the time Maria asks me if I know where my money is...20-25%....FUCK THAT! WB16500 sharesCost basis: $9.07Sold: $14.92WFC7000 sharesCost basis: $33.38Sold: $38.00USB7000 sharesCost basis: $33.60Sold: $36.47Easiest $150K I've made in my life over a 24 hour period. Thank you George Bush!! :lol: Link to comment Share on other sites More sharing options...
J0E Posted September 18, 2008 Report Share Posted September 18, 2008 you still did not mention why YOU think it is Bush's faultHe has nothing to back up his statement. He's just another lemming. Link to comment Share on other sites More sharing options...
7 VII 7 Posted September 18, 2008 Report Share Posted September 18, 2008 20-25%....FUCK THAT! WB16500 sharesCost basis: $9.07Sold: $14.92WFC7000 sharesCost basis: $33.38Sold: $38.00USB7000 sharesCost basis: $33.60Sold: $36.47Easiest $150K I've made in my life over a 24 hour period. Thank you George Bush!! so you said you spent $618,515 in the last 24 hours? Link to comment Share on other sites More sharing options...
flyfishing3 Posted September 18, 2008 Author Report Share Posted September 18, 2008 """"Stocks end sharply higher on report that government will create entity to hold banks' debt """this is god damn bullshit. eehhh eeeeh my business is loosing money. hey uncle sam bail me out.dave, joe is richest, most unproven guy on here. Link to comment Share on other sites More sharing options...
Pops Racer Posted September 18, 2008 Report Share Posted September 18, 2008 """"Stocks end sharply higher on report that government will create entity to hold banks' debt """this is god damn bullshit. eehhh eeeeh my business is loosing money. hey uncle sam bail me out.dave, joe is richest, most unproven guy on here.I agree Mike. The problem is that dead weight has been piling up, no culling of the weak has been allowed periodically. So when a big event occurs the weak sisters all fall at the same time, avalanche style. Then bailout is inevitable to just hold the market itself up.Barney Frank, head of banking commitee, basically screamed social/economic discrimination because low income less qualified borrowers were being kept out of the American Dream. Link to comment Share on other sites More sharing options...
J0E Posted September 19, 2008 Report Share Posted September 19, 2008 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: Link to comment Share on other sites More sharing options...
7 VII 7 Posted September 19, 2008 Report Share Posted September 19, 2008 Spent? Since when was the purchase of a security considered an expenditure? then have that much money to put into "risk" Link to comment Share on other sites More sharing options...
J0E Posted September 19, 2008 Report Share Posted September 19, 2008 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. Link to comment Share on other sites More sharing options...
7 VII 7 Posted September 19, 2008 Report Share Posted September 19, 2008 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.J0E are you part of the... Link to comment Share on other sites More sharing options...
J0E Posted September 19, 2008 Report Share Posted September 19, 2008 J0E are you part of the... I can only wish. :) Link to comment Share on other sites More sharing options...
Pops Racer Posted September 19, 2008 Report Share Posted September 19, 2008 J0E are you part of the...Dave, you're messed up :lol: Obviously Joe plays on a different economic field than most of us here. Keep investing Joe, your money keeps folks in jobs. Don't forget to spend some once in a while. :D Link to comment Share on other sites More sharing options...
7 VII 7 Posted September 19, 2008 Report Share Posted September 19, 2008 I just filed chapter 11 because I bought a chicken sandwich and starbucks coffee just now at the rate of $4.93j0e give me a loan Link to comment Share on other sites More sharing options...
J0E Posted September 19, 2008 Report Share Posted September 19, 2008 I just filed chapter 11 because I bought a chicken sandwich and starbucks coffee just now at the rate of $4.93The chicken terragon sandwiches at Starbucks? Those are good! j0e give me a loanHmm...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. :) Link to comment Share on other sites More sharing options...
Mogatu'r Posted September 19, 2008 Report Share Posted September 19, 2008 ****Officials announced that both Fannie Mae and Freddie Mac were being placed in a government conservatorship, a move that could end up costing taxpayers billions of dollars.****i think this is crap. i do not support helping people out of mortages they shouldn't of been approved for in the first place.my business is reliant on new construction so the bail out helps me but i still do not approve of this.BINGO, didn't know this thread existed. AIG is next, Oh, and bought shares at .36 , better go and check it it could be .29 today lol.... Link to comment Share on other sites More sharing options...
bdimag Posted September 19, 2008 Report Share Posted September 19, 2008 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. i thought nobody was getting loans (personal/auto) these days?btw joe, one day i'll be like you lol.... i had a random $30 sittin in my account and invested it yesterday morning.... already up $20... if only it was a random $300,000...... edit: or even more realistic i wish i had made that request to transfer assets 3 days sooner... <_< Link to comment Share on other sites More sharing options...
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