ItsJustMe

Thinking About the Bear Stearns Bailout

It was false bragging. She claimed in another forum last year that her portfolio was $1 million and now she wants people to believe she just dropped (lost) 10% of it on a bankrupt company in hopes of earning (ahem) 5-10% off of us panicked chicken littles.

(This chicken little was smart enough to buy put options on Friday. BSC - like any investment company - was bankrupt the moment that bailout was announced. Take my advice and do the same with the next "troubled" announcements - and there will be more. If a bank or investment company loses "client trust," they're effectively worth the value of their real estate and office furniture).

Purl Gurl gets a kick out of antagonizing people with her arrogant boasting, preaching and put-downs but her posts do have some entertainment value...