Ride the Rocket | The Coffeehouse

fdisk

The stock market rocket, that is! Check it out guys...a ways back I said SCO was the stock to rock the socks off your investment portfolio. I checked on their opening price today:

Last: 1.50	Change: -0.06	Open: 1.52	High: 1.65	Low: 1.46	Volume: 197,700
Last: 1.50	Percent Change: -3.85%	Yield: n/a	P/E Ratio: n/a	52 Week Range: 0.77 to 3.12

Did I read that right??!? $1.50? That's up a whopping 50 cents from a while ago. Think: if you would have invested $10,000 when it was a $1 a share, you'd now have a wad of dough.

Track the daily progress here. Cool

leeappdalecom
.nettter

Anyone investing in the stock market at the mo is a fool Expressionless

eagle

Might be worth $0.75 by lunchtime.

leeappdalecom
.nettter

For you lot in the US, can someone sort me a mortgage out?

I'm looking for 10x my salary should be alright yeah?

Ray6

leeappdalecom wrote:
Anyone investing in the stock market at the mo is a fool

Actually, if you have a long term view, then I would have thought that now would be a very good time to invest.

leeappdalecom
.nettter

No id wait until the recession comes Tongue Out

Dr Herbie
Horses for courses

leeappdalecom wrote:
For you lot in the US, can someone sort me a mortgage out?

I'm looking for 10x my salary should be alright yeah?

Actually, could some of you guy in the US pay your mortgages, 'cos all this defaulting is knackering our stock market.

Wink

Herbie

Detroit Muscle
Wii!

I hope my fellow US citizens continue to default on their mortgages. Mortgage defaults lead to a weaker economy, weaker economy leads to lower gas prices, lower gas prices lead to cheaper shipping expenses, cheaper shipping expenses leads to cheaper beer at the corner store.

leeappdalecom
.nettter

And companies tightening their IT budget, which means us contractors have to lower our rates Sad

Which means less beer, fast cars and expensive holidays!

fdisk

eagle wrote:
Might be worth $0.75 by lunchtime.

No, sireee. It's up to $1.50 now, and it's after lunchtime (except for the Pacific time zone).

Last: 1.55	Change: +0.05	Open: 1.49	High: 1.64	Low: 1.48	Volume: 54,918
Last: 1.55	Percent Change: +3.33%	Yield: n/a	P/E Ratio: n/a	52 Week Range: 0.77 to 3.12

ScanIAm
On a scale of 1 to 10, people are stupid.

Detroit Muscle wrote:
I hope my fellow US citizens continue to default on their mortgages. Mortgage defaults lead to a weaker economy, weaker economy leads to lower gas prices, lower gas prices lead to cheaper shipping expenses, cheaper shipping expenses leads to cheaper beer at the corner store.

Amen.

blowdart
Peek-a-boo

ScanIAm wrote:

Detroit Muscle wrote:I hope my fellow US citizens continue to default on their mortgages. Mortgage defaults lead to a weaker economy, weaker economy leads to lower gas prices, lower gas prices lead to cheaper shipping expenses, cheaper shipping expenses leads to cheaper beer at the corner store.

Amen.

How wonderfully selfish. I always knew americans swam in a sea of credit, but telling people to default so you can get cheaper goods is just wrong. Still I guess promises mean nothing to some *shrug*

ScanIAm
On a scale of 1 to 10, people are stupid.

blowdart wrote:

ScanIAm wrote:

Detroit Muscle wrote: I hope my fellow US citizens continue to default on their mortgages. Mortgage defaults lead to a weaker economy, weaker economy leads to lower gas prices, lower gas prices lead to cheaper shipping expenses, cheaper shipping expenses leads to cheaper beer at the corner store.

Amen.

How wonderfully selfish. I always knew americans swam in a sea of credit, but telling people to default so you can get cheaper goods is just wrong. Still I guess promises mean nothing to some *shrug*

This is beer we are talking about. BEER. Do You Understand, Man!!!

Seriously, the defaults aren't an 'Selfish American' problem, they are a 'Greedy, Selfish Finance Investor' problem. None of those loans should have ever been given out in the first place, but the reward seemed to outweigh the risk.

And, don't think for a minute that those investors were all from the USA Smiley

Dharma Punk

Some food for thought from Ben Stein

blowdart
Peek-a-boo

ScanIAm wrote:

Seriously, the defaults aren't an 'Selfish American' problem, they are a 'Greedy, Selfish Finance Investor' problem. None of those loans should have ever been given out in the first place, but the reward seemed to outweigh the risk.

And, don't think for a minute that those investors were all from the USA

Well I do agree with the loans problem; however it does take two parties to take out the loan; some of the blame must lie with the application, although nowhere near as much.

And of course now it's effecting the global economy, which is a PITA for everyone Tongue Out

evildictaitor
if( !succeed( try() ) ) { while(true) try(); }

blowdart wrote:

ScanIAm wrote:
Detroit Muscle wrote:I hope my fellow US citizens continue to default on their mortgages. Mortgage defaults lead to a weaker economy, weaker economy leads to lower gas prices, lower gas prices lead to cheaper shipping expenses, cheaper shipping expenses leads to cheaper beer at the corner store.

Amen.

How wonderfully selfish. I always knew americans swam in a sea of credit, but telling people to default so you can get cheaper goods is just wrong. Still I guess promises mean nothing to some *shrug*

More mortgage defaults means more expensive mortgage means less money to spend on beer means LESS BEER!

ScanIAm
On a scale of 1 to 10, people are stupid.

blowdart wrote:

ScanIAm wrote:

Seriously, the defaults aren't an 'Selfish American' problem, they are a 'Greedy, Selfish Finance Investor' problem. None of those loans should have ever been given out in the first place, but the reward seemed to outweigh the risk.

And, don't think for a minute that those investors were all from the USA

Well I do agree with the loans problem; however it does take two parties to take out the loan; some of the blame must lie with the application, although nowhere near as much.

And of course now it's effecting the global economy, which is a PITA for everyone

Ok, you're right, it does take two to tango. In the US, there is an 'American Dream' mentality that involves having a house. I don't know if it's the same in the EU, but outside of urban areas, you haven't really 'made it' until you own a house. For most of these home loans, the initial rate was actually quite affordable.

The thing is, people are too stupid to figure out what an adjustable rate mortgage is or they have unreasonable expectations of how much their salary will improve. Even those that did think about it, figured "if the market tanks, I'll sell the house for a profit based on the equity I've earned".

Guess what, dumbass, if the market tanks, you can't sell your house at all, much less for a profit.

On the plus side, though, there should be a lot of bargain priced McMansions up for sale over the next few years Smiley

raymond

Dharma Punk wrote:
Some food for thought from Ben Stein

Great writer. Really enjoyed his column in American Spectator, but I dropped my subscription.

http://www.spectator.org/

Ben is still there:

http://www.spectator.org/dsp_author.asp?author_id=5

His father was a great economist.

Cool

evildictaitor
if( !succeed( try() ) ) { while(true) try(); }

I just noticed that 64 Bn GBP was wiped off the UK markets alone yesterday when the FTSE 100 plummeted just under 233 points yesterday.

FTSE 100	6038.3	-232.90
Dax	7343.3	-110.33
Cac 40	5448.6	-176.15
Dow Jones	13239.5	-31.14
Nasdaq	2544.9	-11.60
S&P 500	1453.6	0.55
BBC Global 30	5683.3	-75.65

borosen

The stock market is more like a roller coaster than a rocket.

I wonder how the ruling against SCO will affect the price of its shares?

I got the link from Slashdot | SCO loses.