I now have $216,300 lying around
The European crisis has me a little nervous, I feel better with short term stuff right now and staying fairly liquid I typically have 30% in high yield bonds too...
Pliable, how did you muster all that cash to begin with? Was it all made from stock market profit over the years or also supplemented with cash from your job?
i think you, Azurik, and Felix have been very financially successful... congrats to you all! hope to be there someday myself
Anyone else shorting NFLX? I'm debating if I should exercise my December puts now or let them ride. Thoughts?
You do know that when you post an appeal bond its only a percentage of the face value, right? You are overconfident and I think may be deeply disappointed if things dont go your way. :'(
I don't, and I don't think so.
I read the Californian statute, which is Section 917.1 of the California Code of Civil Procedure.
It states courts do not have discretion to waive the requirement of a bond as the condition of a stay, or even to require a bond smaller than the prescribed 150% of the amount of the verdict. Nothing came up with suggesting that the bond is a percentage of the verdict. In fact, in an earlier decision for RMBS in a different California court, Hynix loss to Rambus required them to post a 150% bond in cash and collateral on their South Koren fab building.
If you have something that shows this percentage as it relates to this civil case, please let me know.
Regarding my over confidence in Rambus... that's debatable, but I'm not living in delusion with this stock. I expect a favorable verdict, but I've said again and again here, that my trades will all depend on the verdict amount and any/if there are punitive damages.
You're not understanding how bonds in litigation terms work.
Most "bond" procedures stipulate that the "bond" is for 10-25% of the actual value stated, as a good faith gesture. If you default on your bond obligation then you are due the remaining balance immediate, usually in the form of judgement and lien.
Micron/Hynix will, according to your statute quoted, likely have to put up 10%-25% of the 150% verdict amount in bond while they appeal. Still quite a large chunk of money, but the way this works - it's designed so that the litigant isn't forced out of business or causes major financial hardship while appealing.
I saved it, am 50 years old, a bit older than most here... Nothing beats the time/value function of saving money and compound interest...
You young ones have an incredible opportunity to get rich, all you have to do is be frugal and do things like drive used cars. My parents grew up during the depression and were very careful with their money, I'm a lot more free with my cash than they ever were, but compared to my peers, I live like a pauper, for now, when they retire they're screwed and locked into an expensive lifestyle. I was also fortunate to have a job that is stable. Current gig is insane, I broke six figures for the year last month as an RN (but I work a ton of hours too) Also factor in that I was/am a single custodial parent that never collected child support.
The nice thing is that while most my age are freaking out trying to save cash for retirement, I can relax a bit, and enjoy life.
You're not understanding how bonds in litigation terms work.
Most "bond" procedures stipulate that the "bond" is for 10-25% of the actual value stated, as a good faith gesture. If you default on your bond obligation then you are due the remaining balance immediate, usually in the form of judgement and lien.
Micron/Hynix will, according to your statute quoted, likely have to put up 10%-25% of the 150% verdict amount in bond while they appeal. Still quite a large chunk of money, but the way this works - it's designed so that the litigant isn't forced out of business or causes major financial hardship while appealing.
I don't, and I don't think so.
Regarding my over confidence in Rambus... that's debatable, but I'm not living in delusion with this stock. I expect a favorable verdict, but I've said again and again here, that my trades will all depend on the verdict amount and any/if there are punitive damages.
There comes a time when a choice needs to be made whether to accept the risk of an action with exceptional potential. Many people do not have the inner strength to accept such risk. Some people do and only a subset of those are successful.
Azurik is taking a calculated risk with his investment in Rambus that will be life changing either way. This shows he has the strength to accept such risk. Although the acceptance could be based on naivety (for anyone, not focused on Azurik).
I am taking a similar risk in my life right now that is "All or Nothing" and could either set me up for life or damage my life to a formidable extent. I left work two years ago to start a business with a partner and work full time developing intellectual property while writing several patent applications to hopefully protect this intellectual property. If my patent applications are granted, my life will be set and I can sell or licence that intellectual property, or develop and sell the products as I wish. If my patent applications are not granted, I will have lost 3-4 years of my life chasing a big pipe dream; losing my opportunity cost in the process, at an amount over $300k for lost work time and spending my savings; and losing the additional opportunity of pursuing education in database administration to make the professional jump from a programmer to an administrator.
Azurik's risk is similar, I think. Not everyone is ready to accept such risk and it is not for those with delicate stomachs.
It doesn't take risk to do well in investments. It takes patience and a willingness to occasionally sit on your hands and do nothing. People often don't realize that the decision to do nothing is still a decision.
That is my biggest failure investing wise. Something that I hope to correct going forward.
Anyone willing to buy USG for under $8 isn't the winner. Those willing to wait for $8 are the winners. ZI started at $17 when I thought it was worth $25. Realized later that it is worthcloser to $19. DCAed at $11 and 3 more times for less than $9. All I have to do now is decide to do nothing.
Alright, I'm out. Think I'll just hold cash for a bit, probably going to miss a big jump but I OK with just my 3%.
considering your post from this morning, is this trading or dating advice?Definitely not for the faint of heart, and be damn careful, the leveraged ETF's can really damage your portfolio if you're wrong... Short trades only and if you're like me, in and out in the same day if at all possible...
considering your post from this morning, is this trading or dating advice?
Seriously sitting on my hands now. Just pulled out another chunk of my money today. Keeping minimal longs with 2/3 of my money in cash. Waiting for crashy crashy with Greek referendum, one investment firm going bankrupt, Italy fuxxoring...