Seems like you called the timing of a small turn correctly
(as usual), but may have missed the mark a bit on the strike price at the local minimum.
Looks like 1.31 yesterday may have been the short term shallow bottom for a day or two, until the next dip sequence, at least.
It's all because of the temporary Santa Claus rally.
RAS may droop a bit between now and year end, but by New Year's Eve, $3.19
Coupla ways to look at it: there is saving, and then there is saving.
I saved a lot of money by buying a house I could afford, and paying cash for it, not too many years ago. Despite all the hype, sturm und drang, and artificial panic generated about real estate, within the last few months my immediate next-door neighbor houses, left and right, both sold and are being enjoyed by stable, fully-employed families for more than 2.5 time times what I paid for mine. Of course, my property tax assessment is up, but it's still a minor expense compared to what some others have to deal with.
I saved more by replacing my home HVAC system with a new, surplus-capacity system, so that even at inflated rates my monthly utility bills are lower now than they were, comparing month-to-month against this time last year.
I also saved money by paying cash for all my vehicles, and fronting the money for college tuition for my children, so they have zero student loans to pay off, now that they have both graduated and are out working and earning decent salaries.
OK, so if my investment in RAS proves I'm not exactly one who subscribes to the 'neither a borrower nor a lender be' theory...at least I'm keeping my debt as close to zero as I can manage.
I may not have a fat wad of cash sitting in money market accounts, but my monthly living expenses aren't too bad, and my dividend income continues to accumulate while I ponder the timing for plowing it back in.
Only seven more shopping/trading days until the preferreds go x-div on November 26th, and seven more days until Christmas comes early on December 5th.
We all need something to look forward to.
What are _Y_O_U_ looking forward to? More savings? Which kind?
It's not as if anyone here actually cares about RAS earnings, or anything, is it?
How come this gets buried and obamba/macain stuff is topping the list?
Go placidly amid the noise and the haste, and remember what peace there may be in silence!
Are insanity, irrationality, and contention really more interesting to the majority of us than factual, relevant info?
That would really be a shame.
see, I meant THIS:
( Carville & Frist kiss & make up )
You owe me a coke!!
( no coke, pepsi: cheeburger, cheeburger, cheeburger )
I'll go ahead and have one now: you can send me a reimbursement at your convenience.
( wait for me to send in the coupon under the cap )
EESA ( HR1424, the Emergency Economic Stabilization Act )
TARP ( Troubled Asset Recovery Program )
now add FSOB ( I'm betting you'll be hearing it again, and some jokers have already reverse-nymed it fscking-S.O.B. )
Kinda like Mother Father Sister or Brother ( M.F.S.O.B. )
It's a motherless m-f s.o.b. : MFSOB - M = FSOB
Financial Stability Oversight Board.
"This section establishes the Financial Stability Oversight Board to review and make recommendations regarding the exercise of authority under this Act. In addition, the Board must ensure that the policies implemented by the Secretary protect taxpayers, are in the economic interests of the United States, and are in accordance with this Act.
The Board is comprised of the Chairman of the Board of Governors of the Federal Reserve System, the Secretary of the Treasury, the Director of the Federal Home Finance Agency, the Chairman of the Securities and Exchange Commission and the Secretary of the Department of Housing and Urban Development."
Like pulling the plug on market life-support.
Proverbs 17:27,28, RSV
[משלי / Mishlei] JPS, 1917 edition
Who, me? Talking? What am I thinking?
We are, all of us, lying in the gutter: but some of us are looking at the stars!
Focus your beady little peepers on what I posted, and don't wander off into some fantasy dreamland of imagination.
Yeah, I pay negative 2% because of the Discover cash-back bonus, and I never carry a balance over month to month. We're talking real rates paid by real people on real credit cards to real banks.
When in doubt, but only as a last resort,
READ THE FIRST POST!!!
It's not indexed to what _YOU_ are paying, it's indexed to what the banks are charging across the board:
anywhere from 11 to 13 % and more.
Banks, brokers, and money manipulators short on funds, and need to borrow to keep their shell games going?
Cash flow crunch time?
You'd like to dip into the public purse, and you'll gladly pay me Tuesday for a financial hamburger today?
I recommend Congress provides enabling legislation to allow them to borrow as much as they need...at exact same interest rates they charge their credit card customers. Take it or leave it.
Or they could just sign over their assets to RAIT as security on some nice long-term high-interest loans. That might work. Congress & the Treasury Dept. aren't experienced loan sharks. They should leave that to the professionals.
Sauce for the goose?
I'm not rooting for a bad result, quite the opposite, but from what I've seen so far, there's still a lot of knee-jerk maneuvering for political advantage.
The partisan us versus them mentality is just built in so deep in these folks I just don't know if they will have the guts to step up to the bar and make it happen.
I'm not holding out much hope for a deal by Monday: seeing is believing.
If there are biggies still sitting on the sidelines in cash, who have the cojones to take a big bite when the herd is stampeding the other way, we may hold above 6 until the 7th cavalry comes riding in with a dividend to reassure the sheeple.
Has everyone else bought in to the idea that Oct first dividend release is a done deal? As long as I'm drowning my sorrows in negativity, I can't help but wonder how bad we get clobbered if 10-1 comes and goes without an announcement. How many faint hearts will jump ship if they don't come out until the 2nd or 3rd??
The timing on the "rescue", "bailout", "crisis", or whatever label you want to use could scarcely be worse for RAS. What do you call it in astrology when all the stars and planets line up in opposition?
Watching the debate tonight ( Friday ), I so badly wanted to hear one, or both of them open up their remarks with something like
"Senator  and I disagree in a lot of areas, and in the debate tonight you will get a chance to hear our different positions, and we will try to present clear choices between our two views. But we also share fundamental agreement on how to handle the most important and most pressing current problems. We have agreed to both support [pick any approach] as a sound and workable way to deal with the ongoing financial situation."
In my dreams.
Hunkering down, and holding tight for another "black monday", and it's not even October Surprise time yet!
This poser's history says it all:
The "resistance level" at 6 that seemed so difficult to penetrate now looks like a short-term support level.
Bounced off it pretty good today so far, at least.
C'mon, y'all haven't been shy about claiming prescience on RAS pricing before, why start now?
"many things will be revealed on October 1st"
Karnak holds envelope with question to forehead, and reveals the answer:
"Big Ben, Joe Namath and a candidate's campaign promises:
Karnak carefully opens the envelope to reveal the secret question ( and a drumroll, please... )
Q: What is a clock, a jock and a crock.
( ba-rump-bump, thank you, thank you, thank you: I'll be here all week - don't forget to tip )
Just *ONE* of
Beneath the turban, inside the cape: it's a Karnak, no, it's a Carson, no, it's DF's alter ego!!!