slim1216

2 Comments

    • ON: Thu Apr 24th 10:02 AM
      Commented on:
      Freeport-McMoRan Is Overvalued
      if only your earning estimates and assumptions of current prices for copper were correct I might be worried. I won't argue you might see a pullback. It is already $10 down from the blowout earnings high. The stock has run, but nothing unusual. It barely made a 52 week high with copper prices at all time highs and the company is executing. The stock is undervalued.
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    • ON: Wed Dec 26th 16:59 PM
      Commented on:
      Fisking Ben Stein on Goldman's 'Wrongdoing'
      No one bought Golman bonds. They bought a group of mortgages written by someone else. Goldman administered the sale and got a fee. You provide a service, you earn a fee. The reason for selling mortgages to some is that you don't want them anymore. These could have been written by Countrywide or any lender, more likely a behind the scenes 20 person shop that wrote loans and sold them. They had an agreement with GS and probably others to sell the loans. Any buyer would understand what it is buying. GS is not in the business of writing mortgages, only faciliting trades. This is not a confusing issue. Anyone who tries to confuse you is lying and being to emotional. They are probably either short or long GS. What GS does with its equity has nothing to do with it facilitating two interested parties in making a trade. Thank you and good night.
      View article »
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