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UAUA, talks of them filing bankrupcy. Says its not true. That is why the drop.
Posts: 2367 | From: Detroit | Registered: Mar 2005
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11:15 am : CNBC reports that the UAL (UAUA 8.97, -3.33) bankruptcy reports are untrue, with a 4-year-old story somehow being reported as current. The stock is halted for trading.
Posts: 681 | Registered: Feb 2008
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Today, I bought FNM at 1.25 and got out at 1.47 - lol, too bad it was only 500 shares. Scottrade now will not allow me to purchase FNM FRE or UAUA through the computer, I am sure because of the crazy day that those 3 are experiencing.
Posts: 681 | Registered: Feb 2008
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Bought a bunch of BBI last week for 2.24 sold today for 2.40. It's been going from the low 2.20's to near 2.50 for a while. I'm diggin' it.
Posts: 55 | From: Pennsylvania | Registered: Apr 2006
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hey....i just logged on and what is the word with UAUA..im short 500 shares..11.10 and 12.50..it looks like its trading..??
Posts: 2497 | From: westlake village CA | Registered: Aug 2008
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looking at the 5 minute ticker..looks like i missed out on some goooog mola...bummmer..i did not have a limit order in
Posts: 2497 | From: westlake village CA | Registered: Aug 2008
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looks liks about a 10 minute window of some gobbeltygook bs that went on and i was out to breakfast with some buds..geeese..ah man ..oh well..still looks like a good short from here to me..I alos got a buy in for wm * 3.40
Posts: 2497 | From: westlake village CA | Registered: Aug 2008
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WM....Sold....should of held it longer but wanted to go to work knowing I did make a good decision and money today. Still a horrible day.
Posts: 2367 | From: Detroit | Registered: Mar 2005
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AAI....Guessing it goes down Today. But still think its a great buy for those who hold for a few months.
WM....Opens lower. Think I will play this one again today if I free up some money.
UAUA...Will open higher.
SCA...Bet it closes higher today....thinking $2.76.
So...my father jinxed me. He called me at 8am and said the market was UP HUGE. I asked him about SCA since I was short and freaked. So, that is how it started. He is loaded up big time with BAC....thinking he has 6,800 shares or so, so he was super geeked to see it up $3.00+. Well, things happen. But patience is the best practice.
So, for anyone who has balls, FRE and FNM will be good day traders again today...but which side of the fence to be one, I have no idea. Just hoping I'm on the right side. ($1.43 break even at 3,000 shares)
Posts: 2367 | From: Detroit | Registered: Mar 2005
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R1 Man- hah! Yes, I am very relieved. I wouldn't have held over the weekend anyway, but either way, I am glad I was out.
Posts: 681 | Registered: Feb 2008
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Welcome back! Been a while since you posted. I have been missing lately. Have to get back to fundamentals.
So....FRE and FNM got taken over by FEDS. Rumors are that the tax payers and shareholders get screwed. Will have to see how it pans out but BEWARE!!!
I'm thinking this will be a blow to the financials Monday. Maybe the entire market.
Quite a trip. I don't get on the boards like I use to since they changed our computers at work. Been able to once in a while. Been hangin at Topgun mostly. Only thing I was able to mess with yesterday was my practice account on updown. Pretty cool site for practicing. PM me your e-mail if you want and I'll send you an invite.
Posts: 7800 | From: Virginia | Registered: May 2006
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Check the news on SCA, I think they will dip since being downgraded again by Fitch. They have deals in the woodworks bla bla bla but if the media controls these bond insurers like they have been - the fitch news will prevail and this would dip. Still has some decent strength so we'll see.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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Enter F into pincher status. My chart links that I posted from Sunday didn't work but it reacted like I thought it would with my hooks on ACC/Dist and CMF. Now it needs to break the 50 on RSI and break resistance around 4.70. Good luck R-1, I'll try to get here when I can!
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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quote:Originally posted by SoAngel: I am liking NTGR at this level. I believe it is only down because the market is hit so hard today. I may take position in it today and plan to hold over the weekend, we will see.
I got in NTGR the other day at 15.90. Looking to exit at 16.90.
Posts: 681 | Registered: Feb 2008
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taj..i picked up a limit overnite order 1000 shars rdn * 3.60..it lookd like its going higher still from this point which is 3.93..IMHO
Posts: 2497 | From: westlake village CA | Registered: Aug 2008
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anybody seen any news on RDN? why the big drop late at the close yesterday and this am? anybody? anybody?
Posts: 2497 | From: westlake village CA | Registered: Aug 2008
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for those of you out there in cyber vegas land that like to play gaps..take a look at BIOD ..wholly molley..what a gap!
Posts: 2497 | From: westlake village CA | Registered: Aug 2008
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GLW... Just moved in at $16.35 looking to sell at $18-19 in the next 14 to 30 days. Getting ready for a move. It's been calm for the past few days in the $16 - 17 range. Oversold and ready to pop soon...
-------------------- "Lack of money is the root of all evil" Posts: 7 | From: California | Registered: Sep 2008
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RDN caught my eye as well and I picked up 1,000 shares * 3.75. Starting to feel like I should've stayed away, hah!
Posts: 681 | Registered: Feb 2008
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quote:Originally posted by Morpheus: anybody seen any news on RDN? why the big drop late at the close yesterday and this am? anybody? anybody?
its azz backwards, was looking for rdn to climb and sca to drop. lmao
This could explain it a bit... Sector Wrap: Mortgage insurers fall Monday September 8, 4:34 pm ET Shares of mortgage insurers fall despite government's plan to inject $200B in Fannie, Freddie
NEW YORK (AP) -- Shares of mortgage insurers declined Monday, even as most financial stocks rose, after an analyst said the government's takeover of mortgage giants Fannie Mae and Freddie Mac could make the mortgage insurance industry obsolete.
Late Sunday, the Treasury Department vowed to invest up to $200 billion in the government-sponsored enterprises (GSEs) in an effort to stabilize the disruption in the housing market.
The plan is expected to help lower mortgage rates, and in turn offer some relief to consumers struggling with increasing payments.
Friedman, Billings, Ramsey & Co. analyst Steve Stelmach said he expects little immediate impact on the mortgage insurance industry as a result of the bailout. But over the long term, it's possible that mortgage insurance could become an obsolete form of credit enhancement, he said.
"The U.S. Treasury and the Federal Housing Finance Agency are actively trying to facilitate mortgage market liquidity, and Congress could help with that goal by waiving the need for mortgage insurance and the associated premiums," Stelmach wrote. "That decision is not without risk to the U.S. Treasury, however, as we estimate that the mortgage insurance industry has saved GSEs, and by extension the federal government, roughly $15 billion over the past two-and-a-half years."
Stelmach reiterated his "Market Perform" ratings on Radian Group Inc., MGIC Investment Corp. and PMI Group Inc. Radian Group specifically could see further pressure on its stock price, Stelmach said.
Radian Group fell 60 cents, or 12.5 percent, to close at $4.19.
PMI shed 3 cents to end at $4.28.
MGIC lost 41 cents, or 4.4 percent, to finish at $8.80.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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I thought of playing FRE and FNM again, that's about as far as I got. Looks like they're on the bounce right now.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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