Stock
Dow Jones Dropped The Most in Seven Years
Last time the Dow Jones Industrial Average Index lost more 500 points in a single day was almost 7 years ago on September 17, 2001, shortly after the terrorist attack that brought down the World Trade Center.
Today, the stock market was hammered by what happened not far away from where the towers used to stand: [...]
Bought 125 WaMu Shares
I gambled today again on Washington Mutual (WM).
Two months ago, I bet on Freddie Mac (FRE) when the stock was traded below $7. For a company like Freddie, I thought that was an attractive price. That trade was proven to be as bad as it could be: The $100 I spent on the stock is [...]
What Have I Bought with My Zecco Play Money?
Seven months ago, I made part of my Zecco account a “play account” with a small amount of play money in it. For most of the stocks I purchased, I have hold them for quite a long time and have gone through the ups and downs through out the years. I am still planing to [...]
Stock Market Undid Itself, Giving Up All Yesterday’s Gains
Yesterday, financial stocks led a broad rally after the government’s effort to support the mortgage market by bailing out mortgage giants Fannie Mae and Freddie Mac.
Today, however, all the gains from yesterday were gone and the Wall Street was again dominated by fears of the financial sector. This time it’s Lehman Brothers (LEH)that brought down [...]
Fannie Mae and Freddie Mac Shares are Worthless
It didn’t take long for the 16 shares of Freddie Mac (FRE) that I still own with Scottrade to reach the worthless price.
I could have sold my position when the stock was at something around $1.50 the first thing in the morning, but that wouldn’t save me anything since I bought those shares at $6.26 [...]
