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LUMINENT MTG CAP INC Message Board

  • bgo_1 bgo_1 Aug 11, 2007 8:30 PM Flag

    a 200 share trade after hours dropped us to .90 mm games

    after hour mm games.. suck

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    • I did the exact same thing and regret that I did not put more money in oil service when oil was 9 dollar a barrel.
      But the these companies have physical assets to sell and cash to deal with bust and boom cycles, one has to be more selective in REIT. The trading-platform of mortgage companies is more or less similar to Enron type, credit crunch will kill many of middle-man type business ( the one that has no real asset or make money by borrowing money. AHM, NFI and LUM are the middle-man between the home-buyer and the banks, similar to Enron between electricity user and power supplier and the intrinsic risk in the business model is far higher).