To me, that means sell covered calls where appropriate.
It also means it is time for me to take some profits off the table and get rid of any positions showing weakness.
Then, probably next week, I will add to my long term positions. Buy back some covered calls and get ready for the cycle to loop [...]
Continue reading about Take Advantage of this Short Covering Rally
I got a question via IM this morning. The question was, “What are you buying at the open?”
“Nothing,” was my reply.
Then a list of “what abouts” came across the IM screen.
The rally we are seeing this morning is a bear rally and after the Fed announcement this afternoon is when buying opportunities might appear.
Now, if [...]
No one is watching the Fed today to see if they will cut the funds and discount rates. They will. There isn’t really all that much debate about whether it will be a .25 or .50 cut in the funds rate. Just, for the record, I think it will be .50, especially with the economic [...]
Continue reading about Yeah, Yeah, The Fed Will Cut Rates Today. But, Then What?
I get the same calls and emails everyone else gets. They tell you gold is approaching all time highs. And they tout how much the price of gold has risen since 2001.
But, why do they pick 2001?
Because gold was at historical lows.
By 2001, gold was nearly two-thirds lower than it was in 1980 and in [...]
Continue reading about When the Pundits Promote Gold, Why do They Only Go Back to 2001?
Okay, so I participate at the forum at magicbullets.com and sometimes will offer help and advice to answer questions posted there. Such was the case with a recently registered member there.
At first they seemed excited to have the help and suggestions and I thought they might be one of the few who actually follow-through and [...]
Let’s just pay them to go to school period.
Just damn.
http://www.ajc.com/m…2/studentpay_0123_web1.html
Are you tired of expensive seminars and boot camps long on hype and short on help?
Are you tired of gurus pushing expensive coaching programs to get questions about their books answered?
You are not alone! The Field Guide for Real Estate Investors is a resource for any [...]
Continue reading about Hey, Why Stop With Tutoring Programs?
Disgruntled homeowners are starting to sue the agents and brokers who sold them their homes at the height of the boom.
They might just have a case because all too often the broker and agent oversteps the line in discussing the value of the property.
The defendant in the Ummel case is Mike Little, a veteran agent [...]
Continue reading about This is What Agents and Brokers Have to Look Forward to for a While.
Over 150 lenders have already gone out of business since the peak of the sub-prime orgy.
This year over 1,000,000 yes, one million individual foreclosures are expected to happen.
Over $300,0000,000,000 that’s three hundred billion dollars of loans have been written off by the lending institutions and the best estimate is we are a little over half [...]
Continue reading about The State of the Housing Market for 2008
We have a contact page at the Field Guide for Investors to let visitors and members alike give us feedback about anything they like or dislike.
This was received today…
Not a question. Just a thank you for this article and insight into short sales. I was seriously considering purchasing a Short Sale program advertised on the [...]
Continue reading about It Feels Really Good to get Messages Like This One.
but I will be former customer as soon as our subscription to NHL Center Ice runs out. In fact, if I can get either Dish Network or Comcast to figure out a way to transfer it, I will be a former Directv customer as soon as the switch over can happen.
So, what is driving me [...]
Continue reading about I Have Been A Directv Customer Since February 1995…
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