Seeking Alpha

Did U Think The Ponzi Scheme Would Last? » Comments » Single Comment |

  • S&P 500 Financials - Best and Worst of the Week [View article]
    The above list of winners and losers for the week is useful if you keep in mind that they have all been big losers so far and they will all lose more before this is over.

    So, when the big losers of the week hit their support, cover them and then short the big winners of the last week when they start to falter. Example: is MBI really any better today than when it hit $4? Of course, not, it's actually closer to death. So why did it skyrocket to 16 and then come back down to $12? Is is "recovering"? Of course not, its just short covering that has run its course. Everyone and their dog was short that crap and now it is time to short it again since the herd of locusts has moved on. When the herd comes back, cover the short.

    Well, maybe you don't have to this time b/c MBI is likely going to BK.
    Sep 14 07:07 am |Rating: 0 0
All Comments by Did U Think The Ponzi Scheme Would Last? »
Comments by Ticker
AA, AAPL, ABB, ABK, ABT, ABX, ACI, ADM, ADPT, ADRU, AET, AF, AFL, AGG, AGQ, AHBIF.PK, AIG, AKP, AKR, ALTH, ALX, AMD, AMTD, ASH, ATUSF.PK, ATVI, AUTH, AVP, AVY, AXP, AXPW.OB, BA, BAC, BBBY, BBT, BBY, BC, BGZ, BHE, BHP, BIL, BJRI, BK, BKC, BNI, BOH, BRCM, BRK.A, BRK.B, BTU,
Did U Think The Ponzi Scheme Would Last?'s
Comments Stats
431 comments
Rating: 256 (573 - 317 )