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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: TimbaBear who wrote (27519)	7/30/2007 10:08:54 PM
From: a128	Read Replies (1) \| Respond to of 78753

Im really not having a tough time with it. I only bought a small amount relative to my overall portfolio and net worth. I obviously dont understand the leverage they use on a daily basis. Still, the stock appeared cheap. Their customers, for the most part are decent credit risks. The issue I have were the option loans and the negative amortizing loans and so forth. Still, I didnt expect this. But, stuff happens in the markets that you dont expect. Ive learned to expect it. If AHM goes belly up, Im fairly certain it wont be the last stock I own that does so. I have a hard time believing they are going to go belly up. If they do, someone is going to make out like a bandit because Im pretty confident that masses of good credit customers are not going to stop paying for their residences. It would get pretty crowded under the interstate or whereever they will end up living. While I detest those who blame hedge funds & short selling for all their losses, I believe such parties do have a vested interest in creating fear & panic in situations like AHMs. Still, my losses on AHM and/or any stock are my responsibility. I cant fault a short seller or a hedge fund. They didnt make me buy the stock.