I was cash both ways and also sold the farm to cover the difference in the new retirement home. Try to get a contingency clause on your buy contract to protect you in case your house is slow to sell. Currently you cannot get a contingency in the Charlotte area. You might get one by offering way over the ask or offering a $2k-$5k Due Dillegance Fee instead of $500. Otherwise if you contract without a contingency and back out after theDue Dillegance period you owe the buyers agency the fee . Unless you can swing two houses at same time best close on sale of your house before signing a buy contract. You might rent for awhile which is expensive short term. The whole process sux.
J, I like your posts and ideas as well as Slicktops ,whether they work or not or I try them or not. All of us are human with all the frailties (ego, pride) that go with. I know slick started it ,but he drug you into the bickering and you can't seem to excape the "tar pit". Both of you are better reads when you stick to business.
This house selling and buying is a pain in the #$%$, it ties up my time and attention to the point I gave up most all else. The Real Estate business has the process gamed with its separate buy send sell agents, home inspectors,appraisers,surveyors, Radon Gas Testers and there repair contractors. Whether you are buying or selling you will spend $3k$8k in addition to there usual 6% realty fees. Hopefully this will be my last move. Now to Ho and replace the garbage disposal the last inspector found fault in?
It seems to me High Yield or High quality Corp Bonds are not worth the risk. HY is vulnerable to defaults and High Quality as such a low yield,why bother ? Unless you have to pay to park money. That's my opinion and everyone is welcome to there's .
Two good ways to short DB or anything else .
1. Buy a Put. This is low risk and lower reward. The most you can possibly lose is what you pay for the Put. You can always bail for a lesser loss if the market moves against you. A January $14 strike Put sells for about $1.80 or $180 per Put Option containing 100 shares.
2. Call that account executive you mentioned and ask about borrowing some shares to short. The amount of gain is limited to the difference of the price you sell them for and Zero if DB BK,s. Your loss can be HUGE that is infinite. If something happened to you that incapicated you and no one took action to close and DB went to the moon on some news like government bailout your account could disappear theoretically anyway. Your broker would shut you down after he took all your money. Take your choice! No guts no glory as some idiots like to say. Personally I would buy the Put or pass.
J1snoop, You used the words yesterday and trend in the same sentence. Trends are long term price movements not yesterday or on the open or close ect.
" How is this possible if we are indeed in a Bull Market?" Volatile stocks like GILD are volatile in all markets. Just because a Bull market might be "toppy" (or might not) does not make it other than a Bull Market until it changes direction over time.
I just read a newsletter from a favorite author Jared Dillion the Streat Freak. He said either Presidentsl Candidate will balloon the debt with infrastructure soending and simply cancel it in the future like Japan is getting ready to do.
His suggestion is:
1. Avoid Bonds
2. Buy Gold
3. Don't short this market except as a day trade.
In his opinion a disaster of a meltdown is in the unknown future perhaps Decades away. So stay liquid,buy Gold and stay long.
So I took a little loss on SJB and a SPY Put and sitting back and watch my 25% of investments increase. I did do because the newsletter confirmed my opinion, so now I will follow the tape and not try to out quess it.
Yahoo locked me out of the iPad and say I have to answer secret question to verify identity . I have never given Yapoo any personal information and the correct answer does not reinstate me. Currently on iPhone and if kicked off I,m done. So far IV is boring:(
Whoa now ! I don't think the Fed buys stock,they do buy Government securities on the open market to meet there target dates. The Chinese equivalent might buy stock but not our Federal Reserve. They do influence stock purchases.
The wall will provide good wages to the Mexican workers who build it . Let's face it we need Mexican labor. Those hard working people are fantastic, personally have not run in to a bad apple. Most in the US are only willing to push a button in a air conditioned office. Try to find a kid to mow the yard , good luck!
Did the police use diplomacy and reach out to his inner self before shooting the poor boy ? If the kid had been black in the US Obama and the Revs would be wringing there hands and organizing over police brutality. His mom and her lawyer would be giving interviews about what a good boy he was.
I think your shorts might be devouring your account instead of protecting it. That will be the case until the worm turns when ever that might be.