Is Washington Mutual going under?

[Slew Foot]

Two rules of investing

1. Dont panic
2. If you do panic, do so before everyone else

Engineer:
Your head's exploding over a three hundred dollar trade that would have netted you $200?

 

[EagleKeeper]

Originally posted by: Slew Foot
Two rules of investing

1. Dont panic
2. If you do panic, do so before everyone else

Engineer:
Your head's exploding over a three hundred dollar trade that would have netted you $200?

That $200 could have got him some good luvin:brokenheart:

 

[Engineer]

Originally posted by: Slew Foot
Two rules of investing

1. Dont panic
2. If you do panic, do so before everyone else

Engineer:
Your head's exploding over a three hundred dollar trade that would have netted you $200?

Not really, it's just fun to play once and awhile. My head exploded last year and all the kings horses and all the kings men.....well, they kicked me when I was down too. 😀

 

[Engineer]

Originally posted by: Common Courtesy

Originally posted by: Slew Foot
Two rules of investing

1. Dont panic
2. If you do panic, do so before everyone else

Engineer:
Your head's exploding over a three hundred dollar trade that would have netted you $200?

That $200 could have got him some good luvin:brokenheart:

Believe me, my wife must really love me as she showed me far more support than I could have ever hoped for after last year. Many people would have simply left. I've found a good one and love and appreciate her for being who she is.

Well, $200 would have helped butter her up though! 😱

 

[dawheat]

Originally posted by: Slew Foot
Engineer:
Your head's exploding over a three hundred dollar trade that would have netted you $200?

Before taxes no less

 

[Engineer]

Originally posted by: dawheat

Originally posted by: Slew Foot
Engineer:
Your head's exploding over a three hundred dollar trade that would have netted you $200?

Before taxes no less

There will be no short term taxes on my part for a long time. Capital loss carryover for the loss.

 

[maddogchen]

Originally posted by: Engineer

Originally posted by: dawheat

Originally posted by: Slew Foot
Engineer:
Your head's exploding over a three hundred dollar trade that would have netted you $200?

Before taxes no less

There will be no short term taxes on my part for a long time. Capital loss carryover for the loss.

its not too late to quit stocks and invest in index funds. Buy, hold, rebalance and step away to enjoy life.

 

[Engineer]

Originally posted by: maddogchen

Originally posted by: Engineer

Originally posted by: dawheat

Originally posted by: Slew Foot
Engineer:
Your head's exploding over a three hundred dollar trade that would have netted you $200?

Before taxes no less

There will be no short term taxes on my part for a long time. Capital loss carryover for the loss.

its not too late to quit stocks and invest in index funds. Buy, hold, rebalance and step away to enjoy life.

I already do (and did) that. I have given up individual stocks. I get the urge at times but that's the exact reason that I didn't buy WM a few days ago. I have dollar cost averaged for years (although some of my newer IRA accounts of about 5 years age are underwater due to a flatlined 10 year market).

 

[sandmanwake]

Originally posted by: Engineer

Originally posted by: Common Courtesy

Originally posted by: Slew Foot
Two rules of investing

1. Dont panic
2. If you do panic, do so before everyone else

Engineer:
Your head's exploding over a three hundred dollar trade that would have netted you $200?

That $200 could have got him some good luvin:brokenheart:

Believe me, my wife must really love me as she showed me far more support than I could have ever hoped for after last year. Many people would have simply left. I've found a good one and love and appreciate her for being who she is.

Well, $200 would have helped butter her up though! 😱

Let me make you feel better about your $200. I've gone up $100k and down back down $100k within a span of two weeks thanks to financial stocks. Still up for the year, but I'm having to fight every urge to not cover my short positions to avoid further loss since the conspiracy theorist in me smells something fishy in the rally in financial the last few days.

 

[BoomerD]

I really hope WaMu doesn't fold. I HATE changing banks. Even for personal accounts, it's a PITA.

We did business with WaMu when we lived in Washington, and when they first came to Kahleeforneeya, we gladly changed from B of A to WaMu.

 

[Engineer]

Originally posted by: sandmanwake

Originally posted by: Engineer

Originally posted by: Common Courtesy

Originally posted by: Slew Foot
Two rules of investing

1. Dont panic
2. If you do panic, do so before everyone else

Engineer:
Your head's exploding over a three hundred dollar trade that would have netted you $200?

That $200 could have got him some good luvin:brokenheart:

Believe me, my wife must really love me as she showed me far more support than I could have ever hoped for after last year. Many people would have simply left. I've found a good one and love and appreciate her for being who she is.

Well, $200 would have helped butter her up though! 😱

Let me make you feel better about your $200. I've gone up $100k and down back down $100k within a span of two weeks thanks to financial stocks. Still up for the year, but I'm having to fight every urge to not cover my short positions to avoid further loss since the conspiracy theorist in me smells something fishy in the rally in financial the last few days.

Like I said earlier, the $200 doesn't bother me...last year does and, I imagine, will for a long time.

 

[sandorski]

Originally posted by: dainthomas
Why would you have an account more than $100 grand anyway? Wouldn't you just split it up?

Some people have >$100k in a Bank. Most of the time there are no worries and Banks will give all kinds of perks to those with high Balances, but in times like these it's best not to take the risk.

 

[maddogchen]

Originally posted by: sandorski

Originally posted by: dainthomas
Why would you have an account more than $100 grand anyway? Wouldn't you just split it up?

Some people have >$100k in a Bank. Most of the time there are no worries and Banks will give all kinds of perks to those with high Balances, but in times like these it's best not to take the risk.

too bad i'm not rich enough to worry about having more than $100k in a bank. 🙁

 

[sandorski]

Originally posted by: maddogchen

Originally posted by: sandorski

Originally posted by: dainthomas
Why would you have an account more than $100 grand anyway? Wouldn't you just split it up?

Some people have >$100k in a Bank. Most of the time there are no worries and Banks will give all kinds of perks to those with high Balances, but in times like these it's best not to take the risk.

too bad i'm not rich enough to worry about having more than $100k in a bank. 🙁

Ya, me neither. Hell, just getting the Minimum Balance($2k at my Bank) to have Fee Free banking would be awesome! :laugh:

 

[Slew Foot]

WAMU is great for personal consumer banking, no fees on pretty much everything and I get a 4% rate on my savings. Not great but not terrible. Fast, friendly service, plenty of ATMs. Dont know much about their mortgage or loan lines.

 

[ObiDon]

Originally posted by: sandorski

Originally posted by: dainthomas
Why would you have an account more than $100 grand anyway? Wouldn't you just split it up?

Some people have >$100k in a Bank. Most of the time there are no worries and Banks will give all kinds of perks to those with high Balances, but in times like these it's best not to take the risk.

my butler's chauffeur informs me that a bank is where poor people keep money that is not properly invested.

 

[Engineer]

Originally posted by: Engineer
I could kick myself right now. I almost made a speculative trade (just 100 shares) on WM 3 days ago when it was 3.03 per share. It topped out at 5.14 yesterday afternoon. Damnit! 🙁

Edit: Damn, it went to $5.21 today.....ARGH!!!

**Head explodes**

LOL, it rose to an intraday high of $5.97. 97% rise in about 3 days! 😛

 

[austin316]

they report "earnings" on Monday.

 

[sandmanwake]

Originally posted by: austin316
they report "earnings" on Monday.

Morning or evening? If morning, I bet they post a loss, but not as large a loss as predicted and market goes up. If evening, after hours, they post a greater than expected loss but there's another company that reports the next morning that posted a loss, but because it's not quite as large as expected, market doesn't know what to do for a while, but ends up slightly higher.

 

[Christobevii3]

Making money off of short covering and kicking yourself is stupid, especially when you aren't entering in a hedged position and with only 100 shares. That is pointless.

 

[ponyo]

Originally posted by: Engineer

Originally posted by: Engineer
I could kick myself right now. I almost made a speculative trade (just 100 shares) on WM 3 days ago when it was 3.03 per share. It topped out at 5.14 yesterday afternoon. Damnit! 🙁

Edit: Damn, it went to $5.21 today.....ARGH!!!

**Head explodes**

LOL, it rose to an intraday high of $5.97. 97% rise in about 3 days! 😛

Opportunities are made up easier than losses. 😉
Not to rub it in but I caught most of that move with far more capital. 😛

 

[imported_Lothar]

Originally posted by: dainthomas
Why would you have an account more than $100 grand anyway? Wouldn't you just split it up?

To become a private client.

 

[Engineer]

Originally posted by: Naustica

Originally posted by: Engineer

Originally posted by: Engineer
I could kick myself right now. I almost made a speculative trade (just 100 shares) on WM 3 days ago when it was 3.03 per share. It topped out at 5.14 yesterday afternoon. Damnit! 🙁

Edit: Damn, it went to $5.21 today.....ARGH!!!

**Head explodes**

LOL, it rose to an intraday high of $5.97. 97% rise in about 3 days! 😛

Opportunities are made up easier than losses. 😉
Not to rub it in but I caught most of that move with far more capital. 😛

No rubbing at all. I'm quite happy for you. As much as I wanted to "gamble", I knew better. Besides, I would have probably sold off after the first initial 30% jump of day one. I just don't do well in stock trading and don't have much desire to get back in. My wife's shoe up my ass keeps it that way too. You know you're in bad shape when you tell your wife what you just missed (97% uptick) and she says "If you bought it, it would have crashed!", lol! 😛

 

[Engineer]

Originally posted by: Christobevii3
Making money off of short covering and kicking yourself is stupid, especially when you aren't entering in a hedged position and with only 100 shares. That is pointless.

Not kicking myself at all. I kinda laugh stuff like that off after last year. I wish I understood hedging then like I sort of do now. It would have made for a better life at this point in time, lol.

 

[ponyo]

Originally posted by: Lothar

Originally posted by: dainthomas
Why would you have an account more than $100 grand anyway? Wouldn't you just split it up?

To become a private client.

You need lot more than 6 figures to be private client. Most start at $2 million plus.