Saysumthinfunnymike
VOTE!!!
I don't typically mess with penny stocks I'm sure there are some great plays out there but I'm not commenting on them
Boiler Room: The Official Stock Market Discussion
You've probably heard it a million times, but diversify
You're not going to become rich overnight, but the more you spread your money across a varying range/risk of securities the better off you'll be in the long run. I.e. put some money on the safe bet, and some on the more speculative plays, etc...
You've probably heard it a million times, but diversify
You're not going to become rich overnight, but the more you spread your money across a varying range/risk of securities the better off you'll be in the long run. I.e. put some money on the safe bet, and some on the more speculative plays, etc...
im keeping my eye on Disney. That’s what I’m trusting on but I might throw some money somewhere else this week seeing ya with some experience comment on certain stocks. I was also eyeing Boeing and letting my Money just sit with them for awhile if they hit rock bottom this week
So, I got some time right now, and this shyt has piqued my interest so I had a look at the volumes...It is a real scenario. Not sure if I should go all in since it's clearly a pump and dump. However I'm planning on dropping 10k on $TOPS tomorrow. It's sitting at 26 cents a share right now and the company is trying to get to 1 dollar a share to remain on the NYSE. This company is in so much debt and has gone through so much reverse splits though. On the other hand I don't want to miss out on the pump and dump
.
At its peak ($16) the volume was between 20-80K.
On Friday it was at 360M with massive spikes of buying, followed shortly by similar amounts of selling. This went on for most of the day before dwindling out towards the end...
I'm no technical guru, but the pump looks like its over?
Saysumthinfunnymike
VOTE!!!
Dow Futures all over the place again. I'll be up early watching this unfold 
For those who want context: Stock Indices Futures - Investing.comDow Futures all over the place again. I'll be up early watching this unfold
Thethirdpew
Banned
Yea I missed itSo, I got some time right now, and this shyt has piqued my interest so I had a look at the volumes...
At its peak ($16) the volume was between 20-80K.
On Friday it was at 360M with massive spikes of buying, followed shortly by similar amounts of selling. This went on for most of the day before dwindling out towards the end...
I'm no technical guru, but the pump looks like its over?
edit: i think the next pump is KTOV. I'm a novice when it comes to volumes as indicators of a pump so I jut use past pumps as a reference.
Domingo Halliburton
Handmade in USA
Government/fed
need to fix some things in the mortgage markets... this is a reason stocks like COOP are getting killed. Mortgage lenders are getting hammered on their hedges with this drop in rates.
Long read. More in link.
Mortgage Crisis and Fed Unintended Consequences
The Coronavirus Meltdown
The current Coronavirus crisis is having a critical impact on the Mortgage Industry, which could potentially make the 2008 financial crisis pale in comparison. The pressing issue centers around capital that’s required by Mortgage Lenders to be able to function and meet covenants that are required for them to continue to lend.
Here’s How the Mortgage Market Works
Let’s begin with the mortgage process. A borrower goes to a Mortgage Originator to obtain a mortgage. Once closed, the loan is handled by a Servicer, which may or may not be the same company that originated the loan. The borrower submits payments to the Servicer, however, the Servicer does not own the loan, they are simply maintaining the loan. This means collecting payments and forwarding them to the investor, paying taxes and insurance, answering questions, etc. While they maintain or “service” the loan, the asset itself is sold to an aggregator or directly to a government agency like Fannie Mae (FNMA), Freddie Mac (FHLMC), or Ginnie Mae (GNMA). The loan then gets placed inside a large bundle, which is put in the hands of an Investment Banker. That Investment Banker converts those loans into a Mortgage Backed Security (MBS) that can be sold to the public. This shows up in different investments like Mutual Funds, Insurance Plans, and Retirement Accounts.
The Servicer’s role is very critical. In order to obtain the right to service loans, the Servicer will typically pay 1% of the loan amount up front. The Servicer then receives a monthly payment or “strip” equal to about 30 basis points (bp) per year. Because they paid about 1% to obtain the servicing rights and receive roughly 30bp in annual income, the breakeven period is approximately 3 years. The longer that loan remains on the books, the more money that Servicer makes. In many cases, the Servicer might want to use leverage to increase their level of income. Therefore, they may often finance half of the cost of acquiring the loan and pay the rest in cash.
Servicing runoff, or even the anticipation of it, can adversely impact the market valuation of a servicing portfolio.
Servicer Dilemma
As you can imagine, when interest rates drop dramatically, there is an increased incentive for many people to refinance their loans more rapidly. This causes the loans that a Servicer had on their books to pay off sooner…often before that 3-year breakeven period. This servicing runoff creates losses for that Mortgage Lender who is servicing the loan. The more loans in a Mortgage Lender’s portfolio, the greater the loss. Servicing runoff, or even the anticipation of it, can adversely impact the market valuation of a servicing portfolio. But at the same time, Lenders typically experience an increase in new loan activity because of the decline in interest rates. This gives them additional income to help overcome the losses in their servicing portfolio.
But the Coronavirus has caused a virtual shutdown of the US economy, which has created an unprecedented amount of job losses. This adds a new risk to the servicer because borrowers may have difficulty paying their mortgage in a timely manner. And although the Servicer does not own the asset, they have the responsibility to make the payment to the investor, even if they have not yet received it from the borrower. Under normal circumstances, the Servicer has plenty of cushion to account for this. But an extreme level of delinquency puts the Servicer in an unmanageable position.
need to fix some things in the mortgage markets... this is a reason stocks like COOP are getting killed. Mortgage lenders are getting hammered on their hedges with this drop in rates.
Long read. More in link.
Mortgage Crisis and Fed Unintended Consequences
The Coronavirus Meltdown
The current Coronavirus crisis is having a critical impact on the Mortgage Industry, which could potentially make the 2008 financial crisis pale in comparison. The pressing issue centers around capital that’s required by Mortgage Lenders to be able to function and meet covenants that are required for them to continue to lend.
Here’s How the Mortgage Market Works
Let’s begin with the mortgage process. A borrower goes to a Mortgage Originator to obtain a mortgage. Once closed, the loan is handled by a Servicer, which may or may not be the same company that originated the loan. The borrower submits payments to the Servicer, however, the Servicer does not own the loan, they are simply maintaining the loan. This means collecting payments and forwarding them to the investor, paying taxes and insurance, answering questions, etc. While they maintain or “service” the loan, the asset itself is sold to an aggregator or directly to a government agency like Fannie Mae (FNMA), Freddie Mac (FHLMC), or Ginnie Mae (GNMA). The loan then gets placed inside a large bundle, which is put in the hands of an Investment Banker. That Investment Banker converts those loans into a Mortgage Backed Security (MBS) that can be sold to the public. This shows up in different investments like Mutual Funds, Insurance Plans, and Retirement Accounts.
The Servicer’s role is very critical. In order to obtain the right to service loans, the Servicer will typically pay 1% of the loan amount up front. The Servicer then receives a monthly payment or “strip” equal to about 30 basis points (bp) per year. Because they paid about 1% to obtain the servicing rights and receive roughly 30bp in annual income, the breakeven period is approximately 3 years. The longer that loan remains on the books, the more money that Servicer makes. In many cases, the Servicer might want to use leverage to increase their level of income. Therefore, they may often finance half of the cost of acquiring the loan and pay the rest in cash.
Servicing runoff, or even the anticipation of it, can adversely impact the market valuation of a servicing portfolio.
Servicer Dilemma
As you can imagine, when interest rates drop dramatically, there is an increased incentive for many people to refinance their loans more rapidly. This causes the loans that a Servicer had on their books to pay off sooner…often before that 3-year breakeven period. This servicing runoff creates losses for that Mortgage Lender who is servicing the loan. The more loans in a Mortgage Lender’s portfolio, the greater the loss. Servicing runoff, or even the anticipation of it, can adversely impact the market valuation of a servicing portfolio. But at the same time, Lenders typically experience an increase in new loan activity because of the decline in interest rates. This gives them additional income to help overcome the losses in their servicing portfolio.
But the Coronavirus has caused a virtual shutdown of the US economy, which has created an unprecedented amount of job losses. This adds a new risk to the servicer because borrowers may have difficulty paying their mortgage in a timely manner. And although the Servicer does not own the asset, they have the responsibility to make the payment to the investor, even if they have not yet received it from the borrower. Under normal circumstances, the Servicer has plenty of cushion to account for this. But an extreme level of delinquency puts the Servicer in an unmanageable position.
Last edited:
Imma buy more on the cheap. When things get back to normal shyt will triple.
Which ones you buying?
Koapa
Superstar
Well I think Abbott Labs (ABT) is my gamble for today.
I wish this was coming from the spinoff Abbvie which I own. Oh well at least I own some Johnson and Johnson since they announced they'll begin vaccines in September on humans.
Majestic
Believe in myself and the Coles and Kendricks
CPE and KOS