Asset Acceptance stock in a freefall

spinn · 08-05-2007, 08:03 PM

The stock of Enron Acceptance Corporation is plummeting and is now trading below its IPO price:

AACC - Asset Acceptance Capital Corp. - Google Finance

I guess all of you least sophisticated consumers that have the unmitigated gall to send a DV and force these lawbreakers to only break 99 laws a day instead of 100 are having an effect.

This is jeopardizing Dereks membership in Sugar Daddy Online Dating

hannah · 08-05-2007, 08:28 PM

Quote:

Originally Posted by spinn

The stock of Enron Acceptance Corporation is plummeting and is now trading below its IPO price:

AACC - Asset Acceptance Capital Corp. - Google Finance

I guess all of you least sophisticated consumers that have the unmitigated gall to send a DV and force these lawbreakers to only break 99 laws a day instead of 100 are having an effect.

This is jeopardizing Dereks membership in Sugar Daddy Online Dating

Damn! I hope they have enough money left to pay my settlement!!

Pale Rider · 08-05-2007, 08:30 PM

Some people were talking about that stock on Motley Fool. I tried to warn them, but I bet they bought it anyway.

roybean · 08-05-2007, 09:02 PM

Quote:

Originally Posted by hannah

Damn! I hope they have enough money left to pay my settlement!!

For real!

centex · 08-05-2007, 11:52 PM

What I don't get is why you and the others that want to gloat about the fall in price don't step up and get in on the options...

Making money on options is fun...

hannah · 08-05-2007, 11:59 PM

Quote:

Originally Posted by centex

What I don't get is why you and the others that want to gloat about the fall in price don't step up and get in on the options...

Making money on options is fun...

For the rest of us not savvy in options, elaborate...

centex · 08-06-2007, 01:42 AM

Quote:

Originally Posted by hannah

For the rest of us not savvy in options, elaborate...

In a nutshell, options are contracts to buy or sell a stock or commodity in a specified month at a specified price. Some options contracts are covered and others are naked. I've dealt with both, but have always preferred to be covered on a put so that I can avoid a short squeeze. In some instances, that state of being covered was done through a call contract that ensured I was covered.

Based upon the positions currently in play for February 2008, it looks like the $10-12 range is about what the market players are anticipating...the activity on the November 2007 $15 strike price would suggest a target in the general range of $12.00.

spinn · 08-06-2007, 02:04 AM

Options are a decaying asset meaning they lose value over time. The premium for 02/08 options, especially in a volatile stock would make buying them very risky. Selling them in such a volatile stock is even more risky but the premium works for you rather than against you.

In addition the market can not be predicted by anyone that far out and what if you buy a put and the company gets bought out at $20. The consensus is usually wrong otherwise most traders would make money and they dont.

Also I have limited capital and there are more efficient ways to use it, such as trading currencies. The dollar/euro is moving beautifully right now and you get 200:1 leverage on that. The euro is now at 1.3815 and looks to head back down (although it is a bit too early to enter) to 1.3620 over the next few days. If it does that........you could make a lot more money with $2000 than you ever could with options.

stargazer0725 · 08-06-2007, 10:43 AM

Well THAT cleared things up for me...

Needless to say, I'm not a financial/investment guru...wish I were...

hannah · 08-06-2007, 10:58 AM

Quote:

Originally Posted by stargazer0725

Well THAT cleared things up for me...

Same here...

spinn · 08-06-2007, 11:55 AM

Lol...you deal with something every day it becomes second nature.

Basically if you buy an option part of the money you pay is a premium because the price is uncertain over time. If the price doesnt move either way....the option loses a little value every day.

The rest meant that you can buy more with less money in currencies. Its kind of like margin.

Its too bad so many commonly held perceptions are wrong....there are ways to invest long term with essentially no risk. The problem is there is no money in it for the brokers so they dont want you to know about it.

centex · 08-06-2007, 12:13 PM

Say what you want, but I have made far more with options than with any other commodity...and, as I recall, you were one of the ones who back on AoC was also running the same sort of pump-n-dump doom-is-now crap about some of the publicly traded JDB's. It was just as wrong then as it is now, although you would fit right in with the various finance stock-specific message boards...

You can play what-if's all day long with options, but they are issues that the savvy trader will have already taken into account. Every trader is going to have ups and downs just as any other monetary venture will entail...the good ones still come out ahead.

Enigma · 08-06-2007, 02:09 PM

Education Center

Optionetics - Your Investment Education and Options Trading Resource

CBOE - Home

spinn · 08-06-2007, 02:26 PM

Lol....Centex my dear did you even bother to read my post......either here or on AOC?

Perhaps you simply did not comprehend it so I will explain it to you. I did not say trading options was risky. I said that buying options is infinitely more risky than selling them short to open.

There is no reason to have "ups and downs" ......you can if you want but I would rather avoid a drawdown and that is easy to do.

As for my "pump and dump" plan....do you really think that I think I can influence the market of any stock when talking about it on a credit board?

What I said was a stock that may be of interest (AACC) looks like it is about to get hammered. The price when I said that was $26 a share and I was correct as the stock is now $10. I also suggested shorting OIH, an oil ETF at $184 or so and it is now at $163.

This is why I love when DRs and lawyers trade. They might be smarter in an academic sense than I am but I will take my 10,000 hours of screen time over their giant lawyer brains any day.

Why cant you admit I was right about a stock that moved $16 in my favor? Will I be right when it goes to zero?

centex · 09-28-2007, 11:44 AM

Still hasn't gone to zero.

So Spinn...just how much have you lost on AACC in the past six weeks? Couldn't help but notice it is up a little more than three bucks per share in that span...

spinn · 09-28-2007, 06:49 PM

Quote:

Originally Posted by spinn

Also I have limited capital and there are more efficient ways to use it, such as trading currencies. The dollar/euro is moving beautifully right now and you get 200:1 leverage on that. The euro is now at 1.3815 and looks to head back down (although it is a bit too early to enter) to 1.3620 over the next few days. If it does that........you could make a lot more money with $2000 than you ever could with options.

Syntax........will you marry me?

As I have opined on numerous occasions, stocks are for amateurs. The reason for this is that you are dealing with a negative performance expectancy that could easily lead to a Black Swan event...ie you are investing a lot of money in the hopes of earning a little. see Nassim Taleb - Wikipedia, the free encyclopedia