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LOOKING ON THE UP SIDE - WHAT THE NEWS MEANS...

PocketChange posted on 09/17/07 at 08:00 PM

Short and sweet...

And so it's said that the Fed's are meeting today...

You win some and lose some, hopefully winning outweighing losing.

Will the Fed's lower the prime?  That's yet to be seen, but hopeful.

As of late, Luminent Mortgage Capital (LUM) has been making an impressive comeback due to some smart moves...

And Novastar (NFI), well let's just say I think they've made all the right moves (however unpopular with investors) thus far.  The latest being that of following through with dropping the REIT as they discussed last February.  Lets face it, a company in this trading environment will need all the capital they can keep to weather the storm.  How quickly we forget about New Century (NEW), who paid out the dividends and then couldn't survive on what they had left.  Not to mention the fact that they had a flawed plan (if any plan at all to survive. 

I know this site is geared towards options, but for now, when I'm buying I am buying, and when I'm selling I am selling.  And so let the trading begin!!!

Note:  The information contained within this writing is strictly the opinion of the writer, and is in no way intended as advice in any way, shape, or form for any particular investment or methods of investing.  They are not endorsed by TradeKing or any other known brokerage.  Furthermore, the writer believes that you should always look at your own investment objectives and you should never enter into any investment solely on someone elses opinion.

 

 

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Posted by PocketChange on 09/17/07 at 08:00 PM

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markmagill

Member since: May 06
Trades 3
Trade Notes 0
Blog Posts 4
systems integrator
Age: 30's
Las Vegas, NV UNITED STATES
markmagill
Posted September 18, 2007 (08:00PM)
Great Post! My Sentiments Exactly-I couldn't have said it better myself. Spoken like a true fundamental contrarian investor.
I am also Long by the way. Yes i agree that cancellation of the divvy was in everyone's best interest! NFI's restructuring as a C corps. is really the best way to protect NFI from their liquidity problems at hand. Protecting the NAV/Book Value would also result from withholding the dividend !!! I loaded up with some more NFI common shares earlier this month@ $6.31 and NFI last traded@ $8.43 as of now! The Fed cut of 50bps was definitely the turning point! On October 15th, 2007- the SEC will remove the ''Grandfathering Clause'' of FTDs; meaning all trades must be settled!
Long Live NFI. Long Live Us Longs!
Death to the Naked Shorts.
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