Registered User
Joined: 12/17/2004
Posts: 18
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Which do you think among these stocks (MDII (MDI Corp.), LVLT (Level 3 Com.) & ETFC (ETrade) will make good in long term? Your opinion or anybody's opinion is highly appreciated. Thanks !!!
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Registered User
Joined: 1/28/2005
Posts: 6,049
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I would give you the same advice as before:
" Realize beboywp that stocks in this price range are
generally not considered good long-term investments.
Most consider them "tradable" just trying to exploit
the trends and movement that is there on a short-term
basis.
Your ability to determine the trend and trade it is very
important.
As a general rule of thumb I don't follow these stocks. I
only concern myself with them when I'm in a rule breaking mode.
You will probably do best to read all the posts here. As many
others do look for these types of trades and typically explain
their reasons for entry/exit."
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(see tobydad's GNBT post)
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Out of these ETFC has the best numbers but it is very
risky. It is viewed as connected with subprime. If any
good news comes in that area it may pop for a
rebound. However it is in the "enter at your own
risk" category.
Thanks
diceman
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Registered User
Joined: 12/17/2004
Posts: 18
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Thanks Diceman !!!
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Registered User
Joined: 4/18/2005
Posts: 4,090
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I read and article that The Online brokerages that got greedy and invested inthe Subprime vehicles may not be finished taking hits. Also stated that ETFC may have put it's self in a very precarious position and possibly be looking things as bad as a takeover in the face.
Just something I read... but from a source I generaly trust. It's been a week or more since I read the article so I'll not quote specifics but there are some particular risks to this situation for ETFC. Anothe is that they may loos flocks of clients over these losses ... and that their accounts for clients are not FDIC insured... or insured by some other organization.... somethign to that affect. The point was that even having an acount there put your money at risk while they are in such a bad way.
I just bought IBKR.
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Registered User
Joined: 9/25/2007
Posts: 1,506
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QUOTE (scottnlena)
Anothe is that they may loos flocks of clients over these losses ... and that their accounts for clients are not FDIC insured... or insured by some other organization.... somethign to that affect.
Do you think that it will stop there ?
Or do you think that there will be endless law suits over misreprensentation ... against not only the brokerages ... but also the rating agencies ?
The latest "plan" being discussed involves "freezing" the teaser rates on these subprime mortgages ...
How would you feel about that if you were holding these CMOs ?
You were promised a return ... and now they're changing the deal ... without your consent ... not just for those that are "would-be" defaults ... but for all of them ... or at least anyone willing to say ... "I'm at risk of default .." ... which is pretty much everybody that would care to save several hundreds of dollars per month for an unspecified length of time ...
The borrowers took on risky debt ... and they knew it ... the lenders made risky loans ... and they knew it ...
And if you let happen ... whatever happens ... then everyone made their own bed ...
But ... if you interfere ... and tip the tables in one direction ... without the consent of everyone involved ... it just seems to me that you're opening up a whole new can of worms ...
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Registered User
Joined: 12/7/2004
Posts: 393
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Reality, The market may soon reflect your sentiments.
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