AIG Stock, short-selling, the bailout and more questions?

An Anonymous User asked: Ok, so I understand that buying AIG stock right now is a gamble. I have been searching for answers on whether it is a good idea to buy now or not and there are so many different opinions that I get it…nobody knows. I have a few dollars and I want to take a gamble. Obviously by my questions I am very ignorant in this area and this is the first time I have ever bought a stock. I have always wanted to learn about it and as sad a time as ..read more

I am thinking about short selling or foreclosing on my house. Need advise?

An Anonymous User asked: I am getting married this Oct and was wondering if I short sell or foreclose on my house can the mortgage company go after my soon to be wife’s assets. Like her savings account or look at how much her income is. I have an 80-20 loan and live in minnesota. I am the only one on the mortgage. Or because I am the only one on the mortgage they can only look at what assets I have and how much income I have. We both have houses and we need to ..read more

Short selling 100 shares – what is my maximum possible loss?

An Anonymous User asked: If I short sell 100 shares of a stock that is now selling for $120.00, what is my maximum loss (assume that I did not place stop-buy order)? I believe that the answer to that is dependent on how high this stock eventully goes. If the stock goes to $150, then I lose $30.00. $30 * 100 = 3000. So my loss is $3000.00. Is this correct? If not, how can I determine what my maximum possible loss would be? For the same 100 stocks – let’s say I place a ..read more

What does naked short selling mean?

An Anonymous User asked: What does this mean?

What knowledge does a Realtor need for a Short Sale?

An Anonymous User asked: I’ve been reading up on Short Sales (because I’m almost positive that my house won’t sell for what is owed), and many people have given advice that you should have a Realtor who is familiar with Short Sales. My husband & I signed with a Realtor that isn’t familiar with Short Sales before fully realizing that it’s the only way we’ll get out of our Mortgage. What should my Realtor know that’s different than a regular sale? She’s been in the business for many years, so common realty knowledge isn’t a problem. Someone ..read more

Do I owe taxes on an ISO stock transaction when I only sell enough to cover the purchase?

An Anonymous User asked: If I exercise 20000 shares at $2 for a $10 stock, and sell just enough to cover the $40000 transaction cost (4000 shares) will I owe short term (30%) taxes on the $40000? I didn’t make a profit in this transaction so is it a wash? As long as I hold the remaining 6000 shares for a full year, I will owe long term taxes on sales of those stocks right?

Why is the company short of cash, can they sustain itself and how should they handle the situation?

An Anonymous User asked: LPP soon started receiving requests for the kits from all over the country, as word spread about their availability. Even without advertising, LPP was able to sell its full inventory every month. However, the company was becoming financially strained. Nancy and Sue had about $100,000 in savings, and they invested about half that amount initially. They believed that this venture would allow them to make money. However, at the present time, only about $30,000 of the cash remains, and the company is constantly short of cash. Nancy Ginavan has come to you for advice. She does not ..read more

biggest lose ever with short selling?

An Anonymous User asked: Hi, I have been reading alot about short selling stocks…and I have been paper trading and that has been going well. It’s so easy to make money short selling..just buy when the stock is super high and you know its going to go back down…but its also scary to think about that you loses can be unlimited. Whats the worst thing that has happened recently in a short sell?? Like lets say if you short a stock at 5.00 and hold it over night…and then the stock is at 8.00 the next morning…has anyone ever heard ..read more

Does anyone know how to accomplish a short sale without damaging my credit? Or just how to get rid of a condo?

An Anonymous User asked: I’m trying to get rid of my condo because I can no longer afford my association fees along with my mortgages. At this time I’m able to keep up with my 1st and 2nd mortgages as long as I don’t pay my monthly association fees which are close to $400/month for only a 1bed/1bath. I can attempt a “short sale” with an investor but, from what I’ve heard I’d have to stop paying my mortgages (1st and 2nd) so that an investor can show to the bank that I cannot afford my condo and therefore convince the ..read more

Housing and value, builder short selling the model?

An Anonymous User asked: We just purchased a new house 7 months ago, the builder just recently sold the model, which is little bigger but comparable to ours at a 200,000 k discount, thereby killing our value. do we have any legal recourse since this action has instantly affected our home value, as we paid more then the selling price of the model house?? is there any law that protects us or can we sue???

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