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Mutual fund rules make it impossible to add to his AIG, BAC, and SHLD positions, says Bruce...

Mutual fund rules make it impossible to add to his AIG, BAC, and SHLD positions, says Bruce Berkowitz, explaining to Bloomberg why he's closing the Fairholme Fund to new money. Does he want to own more? Yes, he says, hinting at a new vehicle (the Fairholme Partnership) which might allow him to do so.
Comments (5)
  • rickraff
    , contributor
    Comments (313) | Send Message
     
    I am buying more also...
    4 Feb 2013, 10:42 AM Reply Like
  • benitus
    , contributor
    Comments (1911) | Send Message
     
    Today's market correction doesn't suggest that things are going badly. Profit-taking after huge rises across the board in the past month is normal. It will set the stage for huge rebounds for most counters when prices come down low enough. It's now time to pick up bargains after such pull-backs. Happy hunting, one and all.
    4 Feb 2013, 11:35 AM Reply Like
  • MSF INVESTMENTS
    , contributor
    Comments (4148) | Send Message
     
    I am loading up on Sears Holdings - next it will be Lampert merging ESL and Sears Holdings.
    4 Feb 2013, 12:58 PM Reply Like
  • benitus
    , contributor
    Comments (1911) | Send Message
     
    MSF....I picked more of my favorite stocks last night, just before the aftermarket closed, and this morning, three of them shot up more than a buck each when the market opened, so I've recovered everything that was lost yesterday and earned a tidy profit on them.
    5 Feb 2013, 10:36 AM Reply Like
  • JFR53
    , contributor
    Comments (5) | Send Message
     
    I'm a little patient, holding some stocks and waiting to see the market trend
    10 Feb 2013, 12:04 AM Reply Like
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