FirstCRM

Bill Ackman Piled Into Wachovia and AIG Shares

You did not need inside information to see that the remaining part of Wachovia was worth more than $1 after Citi purchased it....you see it was only four years ago that Wachovia had acquired AG Edwards for about $6B and that brokerage was one of the remaining assets of the stub. I tried to buy Wachovia all day for $1.50 but Ackman beat me to it. Oh well, at least I bought AIG in the low 2's. The only difference between Ackman and I is that he buys in the millions and I buy in the thousands!

Next up BAC and RB.....perhaps V and MA too.