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Subprime Woe

August 7th, 2007 at 04:54 pm

The day has come...one of my stocks just lost slightly over 80% today due to the sub prime woe (Alt-A to be more specific). Some other stocks are being hit very hard lately but no one gets close to this one.

Last week the market reminded me of the post-911 market but back then I have a much smaller portfolio so to me materially this market correction, to put it conservatively, pounds my portfolio much harder than 911 plus and the dot com crash combined.

This is going to be a long summer to bear...

Posted in Uncategorized | 4 Comments »

4 Responses to “Subprime Woe”

  1. Ima saver Says:
    August 7th, 2007 at 05:09 pm 1186506551
    1186506551

    sorry to hear that!

  2. YOUCANDOIT Says:
    August 7th, 2007 at 06:48 pm 1186512508
    1186512508

    Hope you didn't have a big position in it.

  3. baselle Says:
    August 7th, 2007 at 08:01 pm 1186516894
    1186516894

    Time to look at that stock with a cold eye and decide whether to sell or not. If you don't think it will survive, or it keeps you up at night, its time to sell even if you take a loss. Take it from me, you won't feel any better if you ride it down to 0.

  4. Amber Says:
    August 8th, 2007 at 03:36 am 1186544163
    1186544163

    Ouch, sorry to hear that

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