donzoab

GE Down 10 Days in a Row

Taxing trading in that way is toutamount to socializm. What if we taxed your business like that. Liquidity in the markets are necessary to attract investment dollars.
I agree that some tactics need to be revised, i.e naked shorting but taxing traders is the wrong way to go.

7 Reasons Not to Buy Berkshire Hathaway

There are just too many things wrong with this article on which to comment. First and foremost is the obvious lack or proof reading.
Most disturbing is the total lack of focus on the insurance float. This FCF gives Buffet enormous leverage in investments.
The only thing preventing Buffet from doubling the share price from here would be his death. His diet of cherry coke and dairy queen should hasten this. I don't use most of his companies products but recognize the value of the holdings.

General Electric: Genuine Risk of Collapse?

Well written however totally slanted and missing some important facts.
1. GE has been winning very large contracts in Turbine and energy sectors recently.
2. GE has access to the TARP funds and the government is supporting their use of commercial paper. This market will eventually open back up. Just takes time
3. GE is still profitable and growing their cash. Selling assets and issuing some stock has helped them increase their liquidity in time to support operations.
4. While a great many companies are struggling to borrow money, GE is now well capitalized despite the numbers shown above. With access to the Fed window and TARP, they will have no problem meeting short term debt obligations.
5. Stating that Buffet has made a huge mistake is quite a leap here. He is very long term minded and his record speaks for itself.
6. Panic in the markets always make for the best buying opportunities. This one is deep and serious but will eventually recover. GE is not going under here and $10 is a stretch. This is not AIG.
7. GE can trim operating costs in many ways and Jeff Imelt is doing the best he can in a very difficult environment. Jack Welsh for all his returns destroyed the environment with negligence and greed in many towns, cities and rivers during his tenor. Just ask the people living along the Hudson River. Can you say PCB's.
Dow 6k could happen but that would just make this a better bargain. My recommendation here is to buy some stock and take a PUT position to limit any future downside, or write covered calls to increase your total return.