Requires a state license, bonding and all that. We can get into wholesale auctions, same as dealerships; chevy, toyota, et al.
I am actually a state licensed salesperson! Have to carry an id which looks just like a driver's license.
My old man is the "dealer" and I work for him.
He finds and buys good deals on wholesale cars, drags 'em back here, touches them up, then sells them, wholesale, to big dealerships. He usually clears $500 to $1000 per car, about one day work for each.
Problem is, I am also his driver. I don't have a clue what type of truck I will be driving back from Los Angeles. He just yelled up the stairs,
"Get your clothes on, Taha. You are driving a truck back from Los Angeles."
I hate wearing clothes. I hate going to Los Angeles.
Did I tell you about driving a Mitsi Starion to Las Vegas with absolutely no brakes? Another one of his wonder childs. Lost the brakes just a few miles from home, decided not to tell him and just keep going. Drove 250 miles with no brakes. Paid him back. He had to fix the brakes in the parking lot of a hotel.
He would not let me drive home.
I forgave him, though, he cleared $1500 on the car and I got to eat a lot of good food.
posted
Heh, heh, heh, love those thrills. Those little Mitsi Starion cars are quite the hotrods, but not dependable and expensive to keep up. Spin doughnuts really nice, though.
Rear passenger side caliper fell off a few miles from home. Blew out all the brake fluid, what the heck. Who needs brakes when you have things to crash into on the way to Vegas?
Say, did I tell you about coasting down a long grade just outside State Line? Yep, one-hundred-fifty miles per hour, in neutral, dead engine, Mercury Sable. Just made it to State Line, coasted right into a hotel lot. Husband did not catch up for a half hour.
He was pissed. Heck, why wait two hours for an expensive tow truck when you can make like a rocket on the downside of a grade?
Today's truck, 2005 Toyota Tacoma, all options, access cab, 11,000 miles, repossession, $15,000
Wholesale book: $17,000 Retail book: $21,000
I hate Los Angeles.
He will take me to Fairy Queen, tonight, for an ice cream reward. Just what my butt needs.
posted
heh, this turned into quite the amusing and meandering thread: quite amusing about both the brakes and peter leeds. already more of interest here in 2 pages, than there were in all 7535 pages of the dribbling nonsense NDOL thread.
maybe harry fahman and leeds can get together and trade sob stories about being taken to task by you, purl! i still snicker about that one. i'd pay good money to see you go after who really should be next on your list: joey and bernie of RVMN/RVNM/RVMO/whatever the hell it is these days.
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When I found this in my research, I knew instantly, SCAM! I bailed right away, took a $260 loss. Funny people, float must be one-hundred-trillion by now!
* Henry Fahman, PRVH, I actually went down there and yelled right in his face. Frightened the poor little man. I am actually taller than he.
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posted
There is some moderately decent upward pressure forming for GACF stock.
I have noted UBSS and NITE are on the bid side, but absent from the ask side; both are far above current MM asks.
My hope is UBSS and NITE will not be able to play GACF stock.
Right now, only ARCA is on the current ask.
Maybe this upward pressure will continue to build and a mild break out will occur. Not sure on this, just yet, but very early signs are present for a mild upswing.
posted
Purl, I found it interesting that no mutual fund owns this stock (unsure what that means but probably negative). There was some insider buying in April & May in the 1.20's. It looks like it was forming a little bowl until it's gap today. I took a 1/4 position this morning, strictly as a chart trade - the fundies are a bit murky.
Didn't know if you knew this or not but UBSS is usually the broker of record for Charles Schwab for stocks under $10.00.
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Dustoff, I think you're mostly correct. As part of their charter, most MF's aren't allowed to own stocks under $5.00. I think there are one or two funds that own otcbb offerings only, I'll try to dig up their tickers. It would be interesting to see what they own & how they are doing. I read somewhere that there are overseas funds that invest in them, it may have been in an article at thestreet.com - I'm not sure.
GSCF has settled back down to $1.25 & I'm underwater by a penny. I'm unable to place a stoploss on it but my line in the sand is $1.18.
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GACF printed a nasty dark candle today (along with the rest of the market), altho I did notice a large block bidder at $1.20 at the close (the broker was CRTC). I'm giving it up at $1.18 for a 6% loss. This market is acting sickly, not a time to be a hero. GACF is a nice idea at the wrong time.
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posted
Got a bid in myself...$233.00 profit in a about a half hour on GNLB.
Really missed a huge payday on that one. Posted the damn thing about a year ago at .44 played it a few times and then just didn't trust the play after the delisting notification...
Just didn' see it rebounding 221% in a day. The crazy part is I watched it at $1.12 in pre-market...
Bear markets can cost ya big time sometimes because of not being assertive...I had the funds clear for a much larger play..
Where the heck were ya Whale? It's your fault ..LOL
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posted
Well Tex thats why traders sell at a pre-determind loss or gain....Slippage is for limited slip differentials, and yes they can bother a fella,"specially off the line..LOL
BTW where do you come up with $1.15?
This stock is a straight forword valuation play. Charts? Ah Phooey LOL ! in this market at these prices.
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