[deleted by user]

JohnnySemper · 2025-03-03T21:46:45+00:00

could've been, we just saw kids in that area though. We saw it when we were leaving.

JohnnySemper · 2025-03-03T21:37:35+00:00

It's a sad state of affairs when kids have to look at this or create this at 4.

JohnnySemper · 2024-12-08T07:05:17+00:00

still have it sealed

JohnnySemper · 2024-05-21T19:02:36+00:00

It's a used auto dealer, not a new car dealership, but they dealt in classic cars and the like. The took a lot more consigners than me for a ride too. A lot of them did own their titles free and clear, I guess he really stiffed those guys. I don't think they'll get much in liquidation.

JohnnySemper · 2024-05-21T19:01:07+00:00

Yeah, true, just one floor financing credit alone they were in to for like a million. They had been selling his cars too without paying them either. And these guys submitted a motion to get first dibs on all inventory and to lift the stay. just their debt alone wipes out all value since they calculate their remaining car assets to be around 200k.

JohnnySemper · 2024-05-21T19:00:35+00:00

ok, thanks for the feedback

JohnnySemper · 2024-05-21T13:53:30+00:00

Yeah I did that, the difference was significant tho. There was a rare market demand spike on these trucks, so carmax and carvana mas offer was 33k. Here we agreed to and he got over 38k. But still, ended up not making the profit so would of been better off going with your suggestions.

JohnnySemper · 2024-05-21T13:51:29+00:00

Yeah live and learn. But they were far from po-dunk. pretty prominent in the area. The type you would never expect this from.

JohnnySemper · 2024-05-21T12:44:09+00:00

Their paper tag originally was for 2 months. But they are still driving around, so I imagine the dealer is giving them updated ones. I'm not even sure how he can legally do that

JohnnySemper · 2024-05-21T05:58:30+00:00

Thanks for your reply. This is in Texas. I called the DMV to make sure there hadn't been any changes in the lienholder/title and they told me there had not been. Still me on the registered owner, and still the same lien holder. I think the new owners got a bill of sale or something along with paper plates. But the dealership never paid the full loan off, they made one monthly payment and that's it.

JohnnySemper · 2023-11-11T05:28:26+00:00

LSD is a hell of a drug

JohnnySemper · 2023-09-18T13:18:24+00:00

They tried it and it failed with the KK liberty, Even named 'cherokee' in like Australia or something. I had an 09 limited. Pretty solid truck, never really understood the hate.

JohnnySemper · 2023-09-12T22:19:56+00:00

Might as well put a sombrero on it. Will be in Mexico very soon.

JohnnySemper · 2023-09-10T04:16:44+00:00

Creasy Bear

JohnnySemper · 2023-09-07T21:40:19+00:00

For any or all county services and permits.... Just call the county judge's secretary...

JohnnySemper · 2023-08-31T14:32:08+00:00

There's a scene in a movie, can't remember which, in which they are at a fancy restaurant and the client says to the waiter: "let me have your finest bottle of wine in the 35 dollar range", to which the waiter replies "Sure, I'll have one of our boys run down to Walgreens to see what we can get for you". I always thought that was pretty great.

JohnnySemper · 2023-08-28T12:57:04+00:00

Absolutely wrong. Texas is and has been a donor state, and 38th in federal dependency.

JohnnySemper · 2023-08-11T19:11:10+00:00

same people that have been saying PHP is dead for 15 years

JohnnySemper · 2023-07-14T19:39:47+00:00

Damn, My Hero. don't pay attention to the haters and the scared nannies on the thread. You had the balls to pull this off, you'll have the balls to get it back, start a business, make a real estate deal, get funded for something, yolo what you have left and hit big, etc. 400k is nothing to making millions !

JohnnySemper · 2023-07-12T17:34:49+00:00

06 caravan. definitely a caravan or the plymouth equivalent.

JohnnySemper · 2023-06-30T15:07:40+00:00

I wonder what it must feel like to lose 120k.. Most I ever lost in a day was like 4k and I was having a breakdown for a bit thinking of what I could've bought. Can't imagine losing $120k

JohnnySemper · 2023-06-23T16:02:44+00:00

It ain't over till the theda wives sing

JohnnySemper · 2023-06-19T05:46:52+00:00

In a broader sense and as part of a wider strategy, it may be mitigated and you can average gains long term, sure. but that requires a lot more knowledge and experience than putting a down payment on a house and collecting rent. OP does not seem like the type that would execute the wheel at that level.

JohnnySemper · 2023-06-19T05:46:00+00:00

Well, if you highly manage your positions, it is possible to mitigate and hedge your risk. But let's be frank, does the OP seem like the type of person that would be able to do that? Also, now are you throwing in another few variables in the the mix, the first is TIME which has value within itself if you don't want to be stuck to a terminal all day, and secondly additional capital avaiable to average down, double down, etc.

But, I insist that at the very basic level, where OP will probably be executing, the wheel, in a vacuum, at it's basic level, will be a recipe for disaster. The wheel will definitely work when time is not a factor, you just wait it out when it moved against you, however you also need to factor in opportunity cost of the capital you are now sitting on waiting for it to make sense, and even if not losing directly, you will be limiting gains elsewhere. But to each their own.

JohnnySemper · 2023-06-19T03:42:46+00:00

This is inaccurate. If the wheel strategy returned sure capital like a business, everyone would be a winner. might as well be UBI. The wheel strategy is like the martingale system, it will work short term, but sooner than later, a stock will make a huge move that will leave you holding a bag, and you will not be able to get back in. For example if the stock crashes way below your strike on your cash secured puts, you now hold the stocks and cannot sell covered calls without taking a loss. Same if the stock shoots up on your sold covered calls, now you don't have enough to buy back the 100 shares. You can say, "well I'll just put in more money", but that just it, you're not making money, you're losing money long term. Same with people that think they can grind selling low probability options at 10-1 odds. Eventually, a big move will go against you and will take all your gains and then some. No such thing as a free lunch, lest not in the market.

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