chrisjgiuliano

Got excited and bought at $2.01 today (not much) as it looked optomistic. Watched it go up to $2.7ish and then tank to $1.09. Still glumly holding thinking what a doosh I am. Tried to use some market emotion to double up quick and got butt sexed in the process :-(

Gadunk

yea both mae and mac got it handed to them @ 2:24. My friend that bought today too said theres a "settlement" day of the 30th before he can sell what he bought today. Just hope it doesnt drop down to much for you till then. But man i wish i bought FRE @ 25 cents when i saw it there a week or so ago

blah5

I wish I bought FRE at .60 cents last week.. I bought WM b/c my friend had $13k invested into it and he was for-sure(!) that it was gonna go up, so i took his advice of getting wm. I only lost $300, so I'm not tripping too much, but looking at where FRE went in a week really gets to me.. FRE stuck it to me earlier, that is another reason why I went with WM. I bought FRE at $11/share and later that day it went down to $9 or $8 dollars. FRE was the first share I purchased, and i held on to it until it went down to 4 or 5 bucks. After i sold it went up to 6 and i was beating myself up, but a few hours or the next day it tanked.

Ohh well!

sahtt

Gambling tends to work that way.

chrisjgiuliano

Ya I know. Do you think it will jump at all if this "bailout" ever gets finished?

lOOkatme

The bail out doesn't fix the root cause of this entire crisis. (Malinvestments.)


Now with falling home prices....banks don't want to borrow.


As long as home prices are falling and homes are foreclosing....banks will be losing money left and right........and they will be taking losses as they cannot sell the house for the cost of the mortgage. screwed.

Continue to see losses in this arena if house prices continue to decline.....the other option which is the likelier option is the fed will inflate the money supply so it appears that home prices do not decrease.....but everything else will cost more.

The funny thing about all of this is.....The government started a program to make homes more affordable for low income people.....yet in the midst of all of this....they made homes unaffordable for many more people.


The best plan to make homes affordable for more people is to let the home prices fall....and defend the dollar. If they defended the dollar inflation would moderate and decline.....and with lower home prices....people could afford homes.

They are doing exactly the opposite.

PearlwhiteS2k

You guys are funny . Gambling on these dead beat companies and hoping for a kick ass return.

chrisjgiuliano

Not a big gamble, just a few hundred dollars. I'm losing a lot more than that daily in my Roth. I figure it's a high-reward low risk shot. I'm not expecting it to go up 19878760987%, just maybe jump to around $3.50/share and dump it.