AXQ allco max securities and mortgage trust

Lol. I have no cash. I thought my buy at 63 cents was a...

  1. 9,286 Posts.
    Lol. I have no cash.

    I thought my buy at 63 cents was a "bargain".

    LMAO!

    Current prices are incredulous.

    One can only wait for some recovery or buy if they can.

    This is an example of the pitfalls of a margin loan. I had a dormant margin loan for only $45K and activated it to buy some bargains like AFG at $7.50 and AXQ at 63.

    The loan gives me 110% credit so i actually gain some buying power from my speccies.

    If I did not have the loan I would not have touched AXQ and AFG. They are approved stocks!

    lol. that's how these folks make money. trap other folks into debt.

    (not that I cannot wear my current losses on the margin loan - down 25% - nothing compared to my booming speccies! go MAK, go UMC, go BMN, go ARE, next off the blocks GAU, MUR, ROY, OEL...more...!!)...

    In a bear market, these "profile stocks" are hopeless...

    go for the multibagger, which could be AXQ if ya buy at 34 cents...a few more deals could break $1
 
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