when i look at houses now, i am looking at approx 2001-2003 levels then adding 6% commissions
that would be my top offer. the wife is looking now and looking hard.. her desire for a house outweighs any economic logic ive tried ti impart on her...however, she had to see prices come in before she was convinced i knew what i was talking about.
im telling her to hold steady at 25% below current ask as an opening bid for anything
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when i look at houses now, i am looking at approx 2001-2003 levels then adding 6% commissions
that would be my top offer. the wife is looking now and looking hard.. her desire for a house outweighs any economic logic ive tried ti impart on her...however, she had to see prices come in before she was convinced i knew what i was talking about.
im telling her to hold steady at 25% below current ask as an opening bid for anything
Have you researched auctions in the areas you are interested? Lots of auctions down here..no matter the location or price range, houses are going to auction every day.
I have to think that in the east, especially NJ that is also the case.
I suppose you could find the house or houses you are interested and put in an offer and tell the homeowner that when they are ready to move and are tired of paying the monthly mortgage that your offer will be standing until another person takes advantage.
A stubborn person can turn "un"-stubborn in a few months after realizing they must sell and have no choice.
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Have you researched auctions in the areas you are interested? Lots of auctions down here..no matter the location or price range, houses are going to auction every day.
I have to think that in the east, especially NJ that is also the case.
I suppose you could find the house or houses you are interested and put in an offer and tell the homeowner that when they are ready to move and are tired of paying the monthly mortgage that your offer will be standing until another person takes advantage.
A stubborn person can turn "un"-stubborn in a few months after realizing they must sell and have no choice.
Have you researched auctions in the areas you are interested? Lots of auctions down here..no matter the location or price range, houses are going to auction every day.
I have to think that in the east, especially NJ that is also the case.
I suppose you could find the house or houses you are interested and put in an offer and tell the homeowner that when they are ready to move and are tired of paying the monthly mortgage that your offer will be standing until another person takes advantage.
A stubborn person can turn "un"-stubborn in a few months after realizing they must sell and have no choice.
no auctions for us...too many riles and you need too much cash up front from what i understand. i have time to mess with auctions, maybe my wife does but i dont think she understands it much
i wouldnt leave a standing offer out there with the agent but i would make it known to the seller that the offer is informally good
the house my wife loves increased in sale price 50% from 92 (new) to 03, then from 03 to now they are trying to sell for 25% gain. my top offer would be 6% above their purchase price in 03
fwiw - wall street layoffs havent hit NJ much yet...another 90k expected
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Quote Originally Posted by wallstreetcappers:
Have you researched auctions in the areas you are interested? Lots of auctions down here..no matter the location or price range, houses are going to auction every day.
I have to think that in the east, especially NJ that is also the case.
I suppose you could find the house or houses you are interested and put in an offer and tell the homeowner that when they are ready to move and are tired of paying the monthly mortgage that your offer will be standing until another person takes advantage.
A stubborn person can turn "un"-stubborn in a few months after realizing they must sell and have no choice.
no auctions for us...too many riles and you need too much cash up front from what i understand. i have time to mess with auctions, maybe my wife does but i dont think she understands it much
i wouldnt leave a standing offer out there with the agent but i would make it known to the seller that the offer is informally good
the house my wife loves increased in sale price 50% from 92 (new) to 03, then from 03 to now they are trying to sell for 25% gain. my top offer would be 6% above their purchase price in 03
fwiw - wall street layoffs havent hit NJ much yet...another 90k expected
windir - no...just sitting on a horde of cash and the rest of my stuff is spread evenly through various domestic and international indeces, a few individual stocks and some commodities
i did post an AMSC short idea here a week + ago at 40, trading at 32 right now
if you care, i like steel and coal but not the stocks as much as the materials themselves. good dollar hedges but we're getting to a point where steel producers cannot pass along prices as much as they'd like. the commodity goes up but the stock sells off...very strange
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windir - no...just sitting on a horde of cash and the rest of my stuff is spread evenly through various domestic and international indeces, a few individual stocks and some commodities
i did post an AMSC short idea here a week + ago at 40, trading at 32 right now
if you care, i like steel and coal but not the stocks as much as the materials themselves. good dollar hedges but we're getting to a point where steel producers cannot pass along prices as much as they'd like. the commodity goes up but the stock sells off...very strange
Not playing anything either, but I am curious that the market bounced nicely, especially outside financials. Financials still red but other sectors bouncing.
Koaj, auctions arent what you think..especially foreclosure auctions. Usually the auction requires a certain percentage due then the balance on terms which are dictated by the auction..30 days, 60 days whatever and you get conventional financing, usually a qual letter also needed to participate.
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Not playing anything either, but I am curious that the market bounced nicely, especially outside financials. Financials still red but other sectors bouncing.
Koaj, auctions arent what you think..especially foreclosure auctions. Usually the auction requires a certain percentage due then the balance on terms which are dictated by the auction..30 days, 60 days whatever and you get conventional financing, usually a qual letter also needed to participate.
Down 40% in the last two days..reminds me of my pathetic IMB.
Still holding. Not exactly the same thing. It's still up from where it was a couple weeks ago. It ran hard and then they sold hard. Let's see what it does from here. Aside from the previous couple weeks, current levels is still higher than anytime in the previous year.
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Quote Originally Posted by wallstreetcappers:
Depeche,
What did you do with HYGS?
Down 40% in the last two days..reminds me of my pathetic IMB.
Still holding. Not exactly the same thing. It's still up from where it was a couple weeks ago. It ran hard and then they sold hard. Let's see what it does from here. Aside from the previous couple weeks, current levels is still higher than anytime in the previous year.
Finally got a chance to get in on AAPL calls today and jumped out right at 4pm. Really wish I had gotten into them Monday morning like I wanted to, but my shit job does not allow me to check markets like I would like to.
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Finally got a chance to get in on AAPL calls today and jumped out right at 4pm. Really wish I had gotten into them Monday morning like I wanted to, but my shit job does not allow me to check markets like I would like to.
AAPL will sell off over the course of the next few weeks as all the iPhone hype and hoopla fades.
Best to take the money and run.
No way for the SP 500 to make any legitimate move without heavy participation from financials. Short covering in financials doesn't mean a damn thing, and that's all today was. Also, fools will jump on the "oil sold off bandwagon." Yeah, oil may sell off for a while cause there is nothing out there that isn't more overbought from a technical standpoint. If oil sells off below 100 rocks a barrel, and God I wish it would, then I will pile on the bandwagon. A 5 rock drop today........woopty doo.
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Smart move, Jax, to dump AAPL calls.
AAPL will sell off over the course of the next few weeks as all the iPhone hype and hoopla fades.
Best to take the money and run.
No way for the SP 500 to make any legitimate move without heavy participation from financials. Short covering in financials doesn't mean a damn thing, and that's all today was. Also, fools will jump on the "oil sold off bandwagon." Yeah, oil may sell off for a while cause there is nothing out there that isn't more overbought from a technical standpoint. If oil sells off below 100 rocks a barrel, and God I wish it would, then I will pile on the bandwagon. A 5 rock drop today........woopty doo.
Oh yeah, for sure, man, we were "due" for some sort of short covering mularkey "rally," which is what we got today.
How long will this "rally" last? If you know, then please tell me.
It could go on for a few days, but since we both like to gamble, I'll make a fake wager with you.......
When the next sell-off occurs, first, the July lows will be taken out, AND, the volume will be heavier than the volume on this sucker's rally. Let's say...........500 rocks.
Have a good evening.
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WSC-
Oh yeah, for sure, man, we were "due" for some sort of short covering mularkey "rally," which is what we got today.
How long will this "rally" last? If you know, then please tell me.
It could go on for a few days, but since we both like to gamble, I'll make a fake wager with you.......
When the next sell-off occurs, first, the July lows will be taken out, AND, the volume will be heavier than the volume on this sucker's rally. Let's say...........500 rocks.
Re-test lows closer to Labor Day? Hell, we haven't even seen the lows for SP yet, man.
Tuesday was a sucker's special. Oversold short covering bounce from a technical perspective. Scholar Ben and his G-8 cronies can yap all they want, but there is no end in sight to the abominable economy that currently affects the entire world. Yeah, some financials rose 10%..........C goes from 16 to 17.6.........tell that to the poor guy/gal that got in at 60 and is still taking a beatdown.
Tuesday's "rally," to me at least, was so smoke and mirrors, that I wouldn't be shocked if it gets busted within the week. By busted, I mean that Monday's lows are exceeded.
The only thing that could possibly help the world economy and stock markets is the rampant pessimism, as we all know "the public always gets it wrong," just like the central bank "always gets it wrong." Other than that, there is nothing positive. No way for an economy to find a cure with rampant inflation, soaring unemployment, and soaring oil. Until there is another means of powering transportation, we are totally doomed. There's no way out of this mess, man, until oil is contained. Let's face it. And how the hell can financials make any decent money in Q3 when there are no deals, no one is spending, and many are getting laid off?
WSC, you know your stuff, man, so how in the hell can you tell me that yesterday was anything more than a technical move for a very, very, very short time?
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Pickens is his own cheerleader.
WSC-
Re-test lows closer to Labor Day? Hell, we haven't even seen the lows for SP yet, man.
Tuesday was a sucker's special. Oversold short covering bounce from a technical perspective. Scholar Ben and his G-8 cronies can yap all they want, but there is no end in sight to the abominable economy that currently affects the entire world. Yeah, some financials rose 10%..........C goes from 16 to 17.6.........tell that to the poor guy/gal that got in at 60 and is still taking a beatdown.
Tuesday's "rally," to me at least, was so smoke and mirrors, that I wouldn't be shocked if it gets busted within the week. By busted, I mean that Monday's lows are exceeded.
The only thing that could possibly help the world economy and stock markets is the rampant pessimism, as we all know "the public always gets it wrong," just like the central bank "always gets it wrong." Other than that, there is nothing positive. No way for an economy to find a cure with rampant inflation, soaring unemployment, and soaring oil. Until there is another means of powering transportation, we are totally doomed. There's no way out of this mess, man, until oil is contained. Let's face it. And how the hell can financials make any decent money in Q3 when there are no deals, no one is spending, and many are getting laid off?
WSC, you know your stuff, man, so how in the hell can you tell me that yesterday was anything more than a technical move for a very, very, very short time?
Outside a few areas, NG isnt that much cheaper than gas to use and it will take 10 times than ammt of stations to even begin to take care of the needs we would have. Plus CNG doesnt go as far per tank due to how much you can get per tank..meaning on a Civic NG car it will go between 100-150 miles less per equivalent tank, meaning you need MORE stations especially rurally because that tank wont take you as far. 25k means 520 per state and that is just not going to do it.
Wind Farms are a good solution but they are very expensive and as Pickens says it will take two years to get it going..it will help but the cost for end product needs to be competitive instead of having us pay equal or more than we currently are.
CC, my comment was the selling was severe and fast so we could expect a few days of bounce and it wouldnt shock me.
Well that bounce got sold fast...
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Koaj,
Outside a few areas, NG isnt that much cheaper than gas to use and it will take 10 times than ammt of stations to even begin to take care of the needs we would have. Plus CNG doesnt go as far per tank due to how much you can get per tank..meaning on a Civic NG car it will go between 100-150 miles less per equivalent tank, meaning you need MORE stations especially rurally because that tank wont take you as far. 25k means 520 per state and that is just not going to do it.
Wind Farms are a good solution but they are very expensive and as Pickens says it will take two years to get it going..it will help but the cost for end product needs to be competitive instead of having us pay equal or more than we currently are.
CC, my comment was the selling was severe and fast so we could expect a few days of bounce and it wouldnt shock me.
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